Metro Bank’s Loss Narrows As It Plans More Cost-Cutting Measures LeapRate

March 13, 2024 BY Simon Mugo

Metro Bank’s Loss Narrows As It Plans More Cost-Cutting Measures

Following a period of unstable trading conditions, the bank secured a financial lifeline through a £925 million ($1.18 billion) bailout in October. In response to these challenges, Metro Bank embarked on a series of austerity measures, including workforce reductions and eliminating several customer benefits, such as its seven-day-a-week banking service. The bank's efforts appear to…

June 29, 2015 BY Andrew Saks-McLeod

Dukascopy reports 2014 Revenues of CHF 27 million, down 10% from 2013

Dukascopy Bank's annual report for 2014 shows a 10% decrease in total operating income from CHF 30.1 million in 2013 to CHF 27.1 million last year, however client deposits increased by 21.9% despite the low volatility which extended throughout most of 2014

August 01, 2014 BY Andrew Saks-McLeod

KCG reports consolidated earnings of $0.08 per share for Q2 of 2014

KCG has reported income for the second quarter of 2014 of $9.0 million, with pre-tax income from continuing operations standing at $145 million.

June 11, 2014 BY Andrew Saks-McLeod

LMAX 2013 Revenues £18 million, Net Loss £4 million - LeapRate Exclusive

London's multilateral trading facility for FX made significant progress during 2013's period of high volumes, however a loss was still present by the end of the year.

June 02, 2014 BY Andrew Saks-McLeod

Danish media reports on expensive risk management flaw at Saxo Bank in late 2013

Saxo Bank moves swiftly by setting aside $45 million, and hiring banking veteran Steen Blaafalk as Global Head of Finance and Risk Operations

April 24, 2014 BY Gerald Segal

London Capital Group's 2013 Annual Report - looking to regain solid footing, planning for internationalization

Report states general confidence of the business has materially improved with challenges ahead London Capital Group Holdings plc (LON:LCG) which is authorized and regulated by the Financial Conduct Authority (FCA) in London released their 2013 annual report to investors this week. The report shows they believe their worst is behind them after a tough 2012…

March 19, 2014 BY Andrew Saks-McLeod

KVB Kunlun issues 2013 Annual Report, Revenues up 43%

KVB Kunlun turns a profit of HK$33 million in 2013 compared with previous year's loss. Share price rises 3.7% on HKEX. Hong Kong-based FX broker KVB Kunlun has today released its full annual report for 2013, that income generated from leveraged FX during 2013 amounted to HK$135,543,000, representing a considerable 43% leap from the previous year's…

Tag: annual report