Tag: US

FINRA
June 26, 2023 BY Steffy Bogdanova

FINRA imposes a $900k fine on Credit Suisse's US business arm

FINRA stated: The firm’s late and inaccurate TRACE reports violated FINRA Rules 6730 and 2010. In addition, the company failed to provide notifications for approximately 190 new issue offerings in TRACE-reportable securities. Moreover, Credit Suisse's supervisory system, designed to ensure the accuracy and timeliness of TRACE reporting, was found to be unreasonable by the self-regulatory…

Read more
HSBC
May 27, 2021 BY Steffy Bogdanova

HSBC winds down US retail banking business

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
$2.2 trillion US stimulus package to help people affected by the coronavirus
March 30, 2020 BY Steffy Bogdanova

The US passes the biggest rescue package in history, $2.2 trillion to help people affected by the coronavirus

House Speaker Nancy Pelosi said: Our nation faces an economic and health emergency of historic proportions due to the coronavirus pandemic, the worst pandemic in over 100 years. The history signing ceremony was held in the White House, no democratic lawmakers were invited, however, President Trump thanked "for coming together, setting aside their differences and…

Read more
March 27, 2020 BY Steffy Bogdanova

Revolut introduces its neobank in the US

Tens of thousands of customers in the US have signed up to the waiting list and now they will have access to the platform’s core features. Like challenger banks Chime and N26, opening an account with Revolut is done through the phone. After installing the app, you send personal details and official documents and you…

Read more
March 20, 2020 BY Steffy Bogdanova

UK & US firms predict recession in 2020

In the UK, 33% of firms expect the economy to shrink and over 14% expect it to contract by 1-3%. Another 6% believe the UK economy will stay flat with no growth. In the US, 16% of firms expect the economy will shrink in 2020, most likely by 1-3% (7%) and 6% also expect it…

Read more
January 08, 2020 BY Valentina Kirilova

US – Iran tension, are we going to war and how will the markets decode the scene?

The following market analysis was prepared for LeapRate by Ramy Abouzaid, ATFX (AE) Head of Market Research. In the early hours of Wednesday the 8th of January 2020, the Pentagon confirmed the attacks targeting two American bases on Iraqi soil with fifteen ballistic missiles launched from Iranian territory. According to US military sources, via ABC news networks,…

Read more
cryptocurrencies
January 07, 2020 BY Mariela Naydenova

The crisis in Iran pushes a crypto boom

The possibility of a full-blown war between Iran and the United States has triggered a cryptocurrency boom in the Middle Eastern country. The details around the "crypto spring" in Iran come from the Nikkei Asian Review. After the January 3rd killings of the Iranian military commander Quasem Soleimani, Bitcoin's price has increased by 4%, realizing…

Read more
Binance seeks to curb SEC’s hunt for “fraud”
September 09, 2019 BY Mariela Naydenova

Binance US is going live

Binance, despite some bad luck in the past, continues to disrupt new crypto markets, as the latest move of the exchange is to launch a trading desk operation for the US market in the upcoming several weeks. This comes off as great news for US-based clients, as some were worried about Binance's strategy in the…

Read more