Category: Financial Services

October 19, 2023 BY Elizabeth Anderson

EE hopes to rebrand with new EE ID retail platform

In the operator’s shift away from traditional telecommunications, the new platform hosts services and products for all UK customers. They can access these offerings via the EE App, the new EE ID, or the web. These will include gaming consoles, subscriptions and upgrades, tablets, and phones. Don’t miss out the latest news, subscribe to LeapRate’s…

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October 18, 2023 BY Elizabeth Anderson

Alpine Capital branches into wealth management

Alongside this new launch, the company announced major changes within its leading roles. Wentworth Securities Director Malcolm Nutt, Head of Wealth Management Thomas Schoemaker, and Head of Institutional Sales Phil Cawood have joined with the company's finance team who recently founded RE Capital. Not only does this shift signify internal movements, it also aims to…

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October 18, 2023 BY Elizabeth Anderson

Volta reaches the end of the line with bankruptcy filings

Headquartered in Sweden, this electric vehicle outfit also operates in the UK. The move puts 850 jobs on the chopping board, 600 of which are UK-based. However, the dash toward net zero emissions could possibly attract viable interest. Don’t miss out the latest news, subscribe to LeapRate’s newsletter Volta said the liquidation of Proterra and…

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October 17, 2023 BY Elizabeth Anderson

UK property prices rising at a snail’s pace

Market specialists attributed the phenomenon to the effect of higher interest rates. According to Rightmove data, house prices fell by 0.8% and agreed house sales declined by 17% during the 12 months leading up to October. Don’t miss out the latest news, subscribe to LeapRate’s newsletter In an attempt to bring inflation under control, the…

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October 16, 2023 BY Elizabeth Anderson

Citigroup’s third-quarter financial results exceed expectations

Net income for the third quarter pinged the register at $3.5bn. Experts believe a soar in trading revenue, investment banking fees, and interest payments attributed to this positive performance. Jane Fraser, the group’s chief executive officer (CEO), said: Despite the headwinds, our five core, interconnected businesses each posted revenue growth resulting in overall growth of…

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October 16, 2023 BY Elizabeth Anderson

Equifax fined more than £11m by the FCA

This action follows incidents going back to 2017, when, according to the FCA, the company’s parent, Equifax Inc. (EFX), was subject to one of the largest cybersecurity breaches in history. The findings showed that hackers accessed the personal data of approximately 13.8 million people in the UK during this breach. Don’t miss out the latest…

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crypto
October 05, 2023 BY Elizabeth Anderson

Cryptocurrencies sliding in the face of rising US bond yields and overbought signals

Bitcoin was not the only cryptocurrency experiencing a decline. Ethereum also missed the mark, sliding below the $1,650 level. The global crypto market cap suffered a 0.89% blow, bringing its total value to approximately $1.08tn. Surprisingly positive results from the Job Openings and Labor Turnover Survey (JOLTS) strengthened 10-year bond yields, which are experiencing the…

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October 05, 2023 BY Elizabeth Anderson

LiquidityBook launches new LBX Suite, and announces Messer acquisition

On Tuesday, LiquidityBook officially rolled out its newly enhanced trading tech platform with various in-demand functionalities. B2B clients can now access new workflows for LBX Sell-Side and LBX Buy-Side products and dig into useful features such as shadow Net Asset Value (NAV) capabilities. Portfolio management has been LiquityBook’s forte for almost two decades since its…

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September 28, 2023 BY Elizabeth Anderson

UBS shares decrease after US Department of Justice investigation

Bloomberg News reported that the U.S. Department of Justice launched an all-out probe regarding sanction violations by Credit Suisse. As UBS merged with Credit Suisse earlier this year, it invariably falls under the authority’s spotlight, too. The Swiss government orchestrated the UBS emergency takeover to prevent an economic meltdown in Switzerland and the global impact…

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