Hong Kong-focused Forex broker CLSA Premium Ltd (HKG:6877), formerly known as KVB Kunlun, has issued a profit warning. The Group is expected to record a net loss approximately HK$57 million for the year ended 31 December 2021 (FY2021), as compared with the audited net loss of HK$72 million for the year ended 31 December 2020….
Front-office fintech solutions provider Broadway Technology has announced the appointment of Brad Small as Head of Product. Brad Small joins Broadway’s expanding Executive Team to steer the product vision, planning, strategies and projects for Broadway’s software solutions. As part of his role, he will also work closely with Broadway’s global clients and industry partners to…
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FNG Exclusive… An interesting swap just happened in the MENA region, with Retail FX brokers Capex.com and XTB exchanging marketing heads for the Arabic speaking world. Moving from XTB to Capex.com is Abdelhadi Laabi, who served as XTB’s Marketing Director for the MENA region out of Dubai for the past year. He had previously worked…
Read More “Exclusive: Abdelhadi Laabi joins Capex.com as MENA region CMO” »
Normally when a recognized national regulator such as Australia’s ASIC takes a Retail FX broker to court, it is a big deal. However the action just announced by ASIC against USGFX and two of its introducing brokers EuropeFX and TradeFred seems like something of an afterthought, as the parties are already well into administration and…
Read More “ASIC initiates penalty proceedings against USGFX, EuropeFX and TradeFred” »
Swissquote, the Swiss online banking leader, today announced an addition to its list of prime partners. Swissquote’s new funds prime partner Bellevue offers investors direct access via BB Biotech AG or UCITS funds to attractive portfolios of promising, fast-growing healthcare companies listed on stock markets around the world. Bellevue is a specialized asset manager listed on…
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Bank of America Corp (NYSE:BAC) has just posted its financial report for the final quarter of 2021, with the Global Markets business segment marking a drop in net income. For the three months to December 31, 2021, the Global Markets segment of Bank of America reported net income of $669 million, $122 million lower than…
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Investment banking giant Morgan Stanley (NYSE:MS) has just published its financial results for the fourth quarter and full year 2021, with the Institutional Securities segment delivering record annual net revenues of $29.8 billion compared with $26.5 billion a year ago. Institutional Securities reported pre-tax income of $11.8 billion for FY 2021 compared with $9.2 billion…
Read More “Morgan Stanley reports record Institutional Securities revenues for FY 2021” »
StoneX Group Inc (NASDAQ:SNEX) today announced that its Global Payments Division (“StoneX Payments”) has launched its new digital payments initiative, aimed at expanding the range of payments solutions it provides to its global corporate and institutional clients. StoneX plans to leverage its deep, global client relationships, proven cross-border capabilities, and substantial in-country payments services to…
Read More “StoneX Global Payments division expands into digital payments” »
Broadridge Financial Solutions, Inc. (NYSE:BR) today announced it is the first fintech provider to connect to The Depository Trust & Clearing Corporation’s (DTCC’s) new automated process for submitting instructions for voluntary corporate actions in ISO 20022 format. The newly enhanced Reorganizations service, offered by DTCC’s subsidiary, The Depository Trust Company (DTC), automates the manual process…
Gland, Switzerland based online broker Swissquote (SWX:SQN) released a brief statement regarding its full year 2021 results early Thursday, entitled “Swissquote beats revenues and profit guidance with record results.” A number of forex blogs and financial news sites ran articles with titles like “Swissquote sees another record year…”, or “Swissquote pre-tax profit surges 111% in…
Read More “Swissquote shares down 5% after reporting FY-2021 results” »
