Category: News

Cboe
February 16, 2024 BY Simon Mugo

Cboe Australia Adds BlackRock’s iShares ETFs to Its Assets List

Dave Howson, Cboe Global Markets' Executive Vice President and Global President, highlighted the importance of this initiative, stating, "The introduction of iShares ETFs to Cboe Australia marks a pivotal achievement in realising Cboe's vision for global listings. Cboe stands out as the only exchange network offering asset managers a streamlined avenue for listing their products…

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February 16, 2024 BY PureContent

Is there a crisis brewing in the US real estate market?

A similar case involved New York Community Bancorp (NYCB). The company reported a loan loss provision that was 10 times higher than analysts were anticipating. The loss was $552m, and it led to shares plunging by 60%.   Don’t miss out the latest news, subscribe to LeapRate’s newsletter  The main reason for these cases is…

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Bank of America
February 15, 2024 BY Simon Mugo

BofA and Starbucks Unveil Cash-Back Rewards Program Partnership

Under this innovative program, Bank of America's extensive customer base of 45 million cardholders now has the opportunity to earn 2% cash back on their Starbucks purchases. Cardholders must link their Bank of America accounts with their Starbucks Rewards accounts to avail of this benefit. Furthermore, the program is designed to reward customers more generously…

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Barclays office building
February 15, 2024 BY Simon Mugo

Barclays Considers Acquiring SocGen’s UK Private Banking Unit

Societe Generale, with advisory services from Rothschild & Co, has initiated seeking potential buyers through an auction for Kleinwort Hambros, as mentioned by two sources. The French banking conglomerate is also preparing to divest its private banking operations in Switzerland, aligning with its strategy to streamline its business portfolio, the sources added. Kleinwort Hambros, which…

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February 15, 2024 BY Elizabeth Anderson

Three arrested in FCA investigation into organised crime

The arrests comprised a significant operation involving more than 38 FCA and NCA officers across three residential sites. During this exercise, the authorities also seized several tech devices. After interviewing the suspects, two were released under investigation and one on unconditional bail. The fourth, a 48-year-old man, also remains under investigation. Don’t miss out the…

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ECB rate move
February 14, 2024 BY Simon Mugo

De Guindos: ECB Needs More Time Before It Can Start Cutting Rates

They emphasise that any potential policy relaxation remains more distant than market participants anticipate. Current market expectations have adjusted to anticipate 113 basis points in rate reductions this year, a decrease from previously anticipated 150 basis points, with the initial adjustment forecasted for either April or June. Speaking at a conference in Split, Croatia, de…

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