U.S. equity funds experienced net outflows of $3.04 billion during this period, the smallest amount in the past four weeks. This trend was mitigated by a rally on Wall Street, mainly driven by solid gains in the tech sector following optimistic projections from TSMC and Super Micro Computer (SMCI.O). U.S. value funds witnessed net redemptions…
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A German national, 59-year-old Walter's extensive background in the financial sector is marked by significant roles at global financial institutions. His stint at the ECB, which began in 2014, saw him supervising major banks within the eurozone. In 2020, he transitioned to a role that entailed overseeing risk supervision, focusing on diverse risk categories, including…
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Reportedly, managers at Amazon France Logistique keep such close tabs on employees that it infringes several rules in the European Union’s (EU) General Data Protection Regulation. CNIL’s investigation tagged using barcode scanners at various checkpoints along the chain as intrusive. Amazon strongly contested any irregularity in the use of these devices and said: We strongly…
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The Kazakhstan native’s shares topped the IPO price with 0.5%, giving the banking and fintech leader a value of $17.51bn. On the London Stock Exchange (LSE), where the company already trades, it has a value of over $19bn. On Thursday, 18 January 2024, a day before the company went public, investors increased their offering to…
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A vital feature of this update is the ability for users to export trading reports in both HTML and PDF formats directly from the platform. This enhancement allows traders to conveniently share their performance with peers and investors, utilising new export options in both the File and report menus. MT5 has also introduced the functionality…
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The 'Cutting-Edge' portfolio features a selection of 15 US stocks, set for monthly rebalancing. This strategy aims to achieve risk-adjusted returns that surpass the S&P 500 benchmark, a goal supported by the STRATxAI backtest engine. This engine comprehensively reviews the performance of over 5,000 mid to large-cap US stocks from the past two decades, ensuring…
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The decision follows a surge in retail trading fueled by the COVID-19 pandemic, which led various mobile banking platforms, including the UK's Revolut, to incorporate stock and cryptocurrency trading features. N26 had previously launched crypto trading for some of its users towards the end of 2022. The move comes after the German financial watchdog BaFin…
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The company earned $816 million before tax, with an adjusted income of $831 million. This is a substantial increase from the $689 million income before tax (adjusted to $671 million) reported in the corresponding quarter of the previous year. Diluted earnings per share were reported at $1.48, with an adjusted value of $1.52, showing a…
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BAC’s Global Markets segment, which provides a range of equity and debt-related services, performed well. Sales and Trading revenue rose 3% to $3.6bn while Equities revenue spiked 13% to $1.5bn. However, Fixed, Income, Currencies and Commodities revenue dropped 4% to $2.1bn. The overall report was mixed as BAC’s earnings per share of 70 cents beat…
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The bank has confirmed that Cristina Alba Ochoa will assume the role of interim CFO starting January 15. Meanwhile, the search for a permanent replacement for Hopkinson is underway. Following this news, Metro Bank's shares opened 1.5% lower but later saw a smaller decline of 0.3% by 0910 GMT. The bank’s stock experienced a 69%…
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