California-based firm Wells Fargo & Co. was charged for misleading investors about the success of its core business strategy, the Securities and Exchange Commission (SEC) announced last week. According to the regulator, the company has agreed to pay $500 million to settle the charges, which will be returned to investors. The payment is part of a…
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Adam Vettese, UK Market Analyst at eToro, has provided his daily commentary on traditional and crypto markets for February 24, 2020. Markets are down heavily across the board this morning as investors seek safety due to a rise in coronavirus cases outside of China. Outside of Asia, we had seen markets almost carrying on with…
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Australian regulator ASIC announced earlier today that it is seeking feedback on proposals to grant relief for voluntary escrow arrangements and pre-prospectus communications in connection with an initial public offer (IPO). Currently companies that are considering undertaking an IPO must apply to ASIC for individual relief and pay application fees. The watchdog is about to…
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The Bank for International Settlements (BIS) has earlier today announced that it has added Andrew McCormack and Morten Bech to its BIS Innovation Hub. Andrew McCormack will head the BIS Innovation Hub Centre in Singapore. Morten Bech, Head of Secretariat for the Committee on Payments and Market Infrastructures (CPMI), will lead the Hub Centre in Switzerland. They will…
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ActivTrades’ Market Analysts prepared their daily commentary on traditional markets for February 24, 2020. This is not a trading advice. See details below: FOREX The Japanese yen and the Swiss franc are finding support during early Monday trading, as investors, spooked by the sudden escalation in the number of new coronavirus cases outside of China,…
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Singapore Exchange (SGX) just announced that it has launched methanol futures and swap contracts to help methanol producers, traders and downstream users manage risk and improve price discovery amid rising demand. Both new features (SGX Platts Methanol CFR China Swap and the SGX Platts Methanol CFR China Futures) will be listed with 12 consecutive contract…
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Adam Vettese, UK Market Analyst at eToro, has provided his daily commentary on traditional and crypto markets for February 21, 2020. On Thursday, Wall Street giant Morgan Stanley announced that it is buying online broker E*Trade in a $13bn all-stock deal, which gives the firm direct-to-consumer exposure that it has been lacking versus some of…
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Wall Street giant Morgan Stanley (NYSE: MS) announced on Thursday that it will acquire E*TRADE Financial Corporation (NASDAQ: ETFC), a financial services company and pioneer in the online brokerage industry, in an all-stock transaction valued at approximately $13 billion. E*TRADE stockholders will receive 1.0432 Morgan Stanley shares for each E*TRADE share, which represents per share…
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Australian Securities Exchange (ASX) has announced that it has teamed up with S&P Dow Jones Indices (S&PDJI) to launch the S&P/ASX All Technology Index (All Tech Index), ahead of its go-live on Monday, 24 February. The new index captures ASX-listed companies in the fast-growing technology sector. ASX CEO and Managing Director, Dominic Stevens, said that…
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The Cyprus regulator CySEC has earlier today warned investors about the following websites: naga-markets.online icfxmarkets.com caliburcapital.net According to the regulator, these websites do not belong to an entity which has been granted an authorization for the provision of investment services. CySEC once again urged investors to consult its official website before conducting business with investment…
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