Category: Financial Services

June 14, 2018 BY Valentina Kirilova

SIX chooses Clearstream as partner for fund processing

SIX has just announced that it has chosen Clearstream Banking as strategic partner to consolidate its fund processing activities. Clearstream’s investment fund processing infrastructure Vestima enables processing of all types of funds – from mutual funds to hedge funds – on a single platform. Centralised solutions such as Clearstream’s Vestima platform support market participants to…

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June 14, 2018 BY Valentina Kirilova

FCA warns against Euro Global Markets Limited firm

UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the company Euro Global Markets Limited. Euro Global Markets Limited is not authorised by the FCA but has been targeting people in the UK and is also carrying…

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June 14, 2018 BY Valentina Kirilova

Euronext Amsterdam welcomes Adyen N.V.

Adyen N.V. (ticker symbol: ADYEN), a technology company offering payment processing services worldwide, has announced that it began trading today on Euronext Amsterdam. The listing follows the company’s Initial Public Offering (IPO), with a total offering of € 849 million. Based on the offering price set at €240 per share, market capitalization of Adyen N.V.…

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June 13, 2018 BY Valentina Kirilova

FCA warns against ADG Placement clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm ADG Placement. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics to…

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June 13, 2018 BY Valentina Kirilova

FCA warns against Capital City Holdings firm

UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the company Capital City Holdings. Capital City Holdings is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

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June 13, 2018 BY Valentina Kirilova

Euronext Growth market announces listing of Kalray

Euronext has just announced the listing of microprocessor specialist Kalray, France’s largest IPO since 2012 on its Euronext Growth market. Founded in 2008, Kalray designed and developed MPPA® (Massively Parallel Processor Array), a unique microprocessor architecture that expands real-time computing power exponentially while keeping energy consumption very low. The company is a spin-off of CEA,…

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June 13, 2018 BY Valentina Kirilova

ASIC to ensure registered liquidators comply with obligations

An ASIC review has found that while registered liquidators are mostly doing the right thing when complying with their lodgement and publication obligations, there is room for improvement. The review looked at around 26,000 insolvency administrations over a 3-year period to June 2017 and tested how registered liquidators complied with their obligations. ASIC found that…

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June 13, 2018 BY Valentina Kirilova

Merrill Lynch charged for failure to supervise RMBS traders

The Securities and Exchange Commission (SEC) announced that Merrill Lynch, Pierce, Fenner & Smith Inc. will pay more than $15 million to settle charges that its employees misled customers into overpaying for Residential Mortgage Backed Securities (RMBS). Merrill Lynch agreed to repay more than $10.5 million to its customers and to pay penalties of approximately…

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