The UK regulator has appointed David Philip Soden, Robert Scott Fishman and Matthew Steven Roe, all of Teneo Financial Advisory Limited, as joint special administrators of Sberbank CIB. The special administration is a form of creditor protection that often precedes bankruptcy. The FCA said in a statement that the sanctions have led Sberbank's investment arm…
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Deutsche Börse has focused on fund services and data to be key areas for future growth. The Group shared its plans to grow its market position organically via further investment in its existing businesses, and through targeted acquisitions. Philippe Seyll, Head of Investment Fund Services at Deutsche Börse Group, said: We are delighted to welcome…
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Rhomaios Ram, CEO Fnality International said: The institutional commercialisation of DLT is being realised through Fnality’s creation of a network of distributed payment systems using blockchain technology. As we progress from testing to real-world implementation, welcoming Euroclear Group as an investor into the Fnality International consortium will significantly enhance the diversification of Fnality’s network and…
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This acquisition helps Plus500 to strengthen its strategic position and diversify its geographic footprint through an immediate presence in the substantial retail trading market in Japan. The Group noted in the official announcement that its going to apply its financial and technological strength to scale and develop the business over time. David Zruia, Chief Executive…
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Under the terms of the deal, Equinix and Entel have will form a strategic partnership to enable enterprises in Chile and Peru to leverage hybrid multicloud solutions to accelerate their digital transformation. Charles Meyers, President and CEO, Equinix commented: Latin America holds enormous potential, and our commitment to the region has exponentially grown since we…
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Basic earnings per share stood at 57.7p, up 82% compared to the previous year. The Group decided to pay a dividend of 8 pence per share to its shareholders, which makes the total dividend distribution for the financial year 11 pence. Alpha FX also reported that the number of clients rose 27% from 754 to…
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The bank added: Moreover, the official EUR/RUB exchange rate will be set in the same manner as the official exchange rates of other foreign currencies against the ruble. This will simplify the procedure for setting and publishing official exchange rates. Sanctions on Russia Russia’s central bank is trying to defend the country’s economy from the…
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In its annual filing, the Goldman Sachs reports total credit exposure to Russia was $650 million. Most of it is tied to non-sovereign counterparties or borrowers. The firm is still trading corporate debt tied to the Russia without itself making wagers on price movements. New York-based Goldman Sachs stated: In our role as market-maker standing…
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Harpal Sandhu, CEO of Integral, commented: We’re delighted to be able to offer IntegralFX locally in SG1 and extending the many benefits of our FX workflow technology to the growing buy-side in Singapore, the 3rd largest FX center globally. Due to the modular nature of our cloud-based SaaS technology, clients can take individual components or…
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Dmitri Galinov, CEO and Founder of 24 Exchange, said: This new round of investment will help 24 Exchange extend our institutional trading offerings within and beyond FX and cryptocurrency products. We welcome the backing of such proven investors as Mark Yusko's Morgan Creek Digital, Aspire Financial and Blackwells Capital as we work to bring new…
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