In the official announcement, HSBC also said it is planning to sell parts of its business to other US companies. The London-based lender revealed it has agreed to sell its East Coast retail unit, which includes 800,000 customers and 80 branches, to Citizens Bank. Cathay Bank is planning to buy the company’s retail business in…
Read more
Matt Macklin, IG’s UK Head, said: Watching the recent accomplishments of the England teams, we have been struck by the clarity of strategic thinking and quality of execution, and how this aligns with IG’s ethos as a business. Tony Singh, Chief Commercial Officer at ECB added: IG is an ambitious organization which shares our commitment…
Read more
The FCA has expressed serious concerns regarding the sales and marketing practices of the EverFX Group. The regulator found the company used misleading financial promotions, failed to inform consumers about the nature and risks of CFDs, applied pressure to invest additional funds, instructed clients on which trades to make, and failed to allow customers to…
Read more
Alan Thomas, Gokul Laroia and David Russell, the three global co-heads of institutional equities at Morgan Stanley, said in the internal memo that: Ed has been as responsible as anyone for the growth of our prime brokerage business and by extension for the return of our equities franchise to prominence. Penny Novick, who makes up…
Read more
EUROPEAN SHARES European shares alongside US futures contracts opened mostly in the green on Wednesday amid resurging risk appetite from investors. Central bank officials in both Europe and the US have continued to play down worries over rising prices, qualifying the current mounting inflation as “transitory”. However, even if central bankers want to reassure traders…
Read more
In the official, announcement, Playtech shared its intentions to focus on its “technology-led offering as a pure play business in the B2B and B2C gambling markets” and unlock significant capital through the transaction. Weizer added: Looking forwards, Playtech will focus on its technology led offering in B2B and B2C gambling, driven by our online expertise…
Read more
Georgios Ioannou, head of Research and Development at Forex24, said: We expect the coming years to bring thrilling innovations for forex trading, as the industry matures and more people are using to this type of trading. With our new R&D centre, we believe we can be at the forefront of innovation. We are looking to…
Read more
Ather Williams III, Wells Fargo head of Strategy, Digital, and Innovation commented: Helping our consumer and business customers send and receive money seamlessly, securely, and conveniently is one of the most important financial services we provide, and we want to remain at the forefront of technology to enable payments. Ulrike’s deep experience in the payments…
Read more
Isabelle Girolami, the CEO of LCH Ltd, stated: I am delighted to welcome James to LCH as Head of ForexClear. He brings extensive experience of trading FX and leading global teams. He will be instrumental in driving continued growth and innovation at ForexClear, with a focus on expanding the deliverable FX and client clearing franchises.…
Read more
The latest expansion in the futures space allows Tickmill’s clients to speculate on long-term action, invest in long-term direction and hedge their portfolio using instruments previously inaccessible to retail traders. The new exchange-traded Micro products gives retail clients the opportunity to trade in a fast-growing market, previously only available to those with large cash deposits.…
Read more