Category: Financial Services

Barclays CEO - Venkat
November 28, 2023 BY Simon Mugo

Barclays Could Shed up to 2,500 Clients in a Cost-Cutting Move

Additionally, Barclays is considering streamlining its investment division, which might result in the departure of thousands of investment banking clients who have relatively low capital. The move towards cost savings and restructuring is driven by Barclays' desire to boost revenue and significantly reduce costs. This decision comes after reports of declining investor confidence in the…

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November 28, 2023 BY Elizabeth Anderson

Zero-day bets boom as short-dated options grow

Nasdaq’s new contractual options are based on the exchange-traded products of the United States Oil Fund, SPDR Gold Shares, iShares 20+ year Treasure Bond ETF (TLT), United States Natural Gas Fund and iShares Silver Trust. The short-term options market is well built for stock index products, and, while it has historically been the case that…

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Tiger Brokers
November 27, 2023 BY Simon Mugo

Tiger Brokers Parent, Up Fintech, Adds 24,604 Customers in Q3

The company's impressive financial results underscore its commitment to providing innovative solutions to its growing customer base. In the latest financial highlights, UP Fintech witnessed a remarkable 26.6% year-over-year increase in total revenues, reaching an impressive $70.1 million. Meanwhile, net revenues also experienced notable growth, rising by 13.5% to $58.0 million. The standout achievement, however,…

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November 27, 2023 BY Elizabeth Anderson

FP Markets Expands its Commodity CFDs Offering adding Lead, Nickel, Aluminium, Zinc and Copper and Spot Silver & Gold vs a range of cross currencies

Complementing its existing range of commodity CFDs, clients trading with FP Markets can now trade and invest in several new and exciting commodities. This includes spot gold (XAU) versus several widely traded currencies, such as the British pound (GBP), the Singapore dollar (SGD) and the Chinese Renminbi (CNH), as well as other popular hard commodities…

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November 24, 2023 BY Elizabeth Anderson

Dutch election win may possibly stir up European markets

It took almost 300 days to form the coalition of Mark Rutte, the previous prime minister, and this shock win is raising eyebrows as Wilders’s party believes in leaving the European Union (EU), tightening immigration laws, and higher taxes for banks. Many feel this will alter the collaborative image associated with the Netherlands. In the…

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November 22, 2023 BY Elizabeth Anderson

Palantir Technologies heads group developing £330m NHS data platform

Palantir is known for its intelligence-driven software systems. This NHS project aims to boost the networking capabilities between health and care organisations to the benefit of their patients. Earlier, many raised an eyebrow when the NHS appointed Palantir to handle the transitions needed to start the data platform without inviting competitors to quote. This particular…

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snb swiss national bank office
November 20, 2023 BY Elizabeth Anderson

Swiss National Bank getting backlash from NGOs over fracking investments

Fracking uses high-pressure liquids to extract subterranean fossil fuels. According to a recently published Yale paper, this process generates copious amounts of wastewater, emits greenhouse gases, and causes air and noise pollution. Consequently, it disturbs natural habitats and migratory patterns, while causing land degradation. ______________________________________________________________________ Don’t miss out the latest news, subscribe to LeapRate’s newsletter…

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November 17, 2023 BY Elizabeth Anderson

ASIC and AFSA commit to updated memorandum of understanding

The last update occurred in 2014. Essentially, the document states that the two agencies will continue to cooperate in pursuit of their goal to holistically serve the Australian government and protect and promote confidence in the country’s financial system. Setting out a framework for continued cooperation, the refreshed MoU strives to facilitate liaison, assistance, and…

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November 13, 2023 BY Elizabeth Anderson

AustralianSuper rejects last-minute offer to accept planned Origin Energy takeover

In a 2 November media release, AustralianSuper reaffirmed its 31 October stance and said: AustralianSuper intends to vote its shares in Origin Energy (Origin) against the best and final offer from the Brookfield and EIG-backed consortium announced today. The mentioned consortium approached AustralianSuper, asking it to drop its opposition to the $10.5bn takeover bid for…

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