The Goldman Sachs Group, Inc. (NYSE:GS) has just posted its financial report for the fourth quarter of 2021. Net revenues in Global Markets were $3.99 billion for the fourth quarter of 2021, 7% lower than the fourth quarter of 2020 and 29% lower than the third quarter of 2021. Net revenues in FICC were $1.86…
Read More “Goldman Sachs reports 7% Y/Y drop in Global Markets revenues for Q4 2021” »
CySEC licensed Retail FX, CFDs and crypto broker Skilling has announced that it has closed a capital raise of €10 million (USD $11.4 million) – its largest funding round to date. The new money makes it €15 million in capital raised by Skilling over the past 18 months. Skilling raised the new funds from what…
Read More “Skilling raises €10 million from Scandinavian investors” »
The Charles Schwab Corporation (NYSE:SCHW) has just posted its financial report for the final quarter of 2021, with the data revealing record profits for the three months to end-December 2021. Net income for the fourth quarter of 2021 was a record $1.6 billion compared with $1.5 billion for the third quarter of 2021, and $1.1…
Read More “Schwab reports record net income of $1.6 billion for Q4 2021” »
Clients of eToro US can now invest in stocks, as they are officially live on the eToro platform, the online broker announced today. Traders can now diversify their portfolio with investments in US stocks, ETFs, and crypto — all in one place. Plus, clients of eToro can invest in fractions of any of those assets,…
The UK Competition and Markets Authority (CMA) has opened a consultation on undertakings proposed by S&P Global Inc. (S&P) and IHS Markit Ltd. (IHSM) to address competition concerns over the anticipated acquisition by S&P of IHSM. On 19 October 2021, the CMA announced that it would refer the acquisition for an in-depth investigation unless S&P…
Read More “CMA invites comments on S&P / IHS Markit merger remedy” »
Electronic trading major Interactive Brokers Group, Inc. (NASDAQ:IBKR) has reported its financial results for the final quarter of 2021, with net revenues slightly higher than a year ago. Reported net revenues were $603 million for the quarter to end-December 2021 and $683 million as adjusted. For the year-ago quarter, reported net revenues were $599 million…
Read More “Interactive Brokers reports 11% Y/Y rise in commission revenue in Q4 2021” »
After something of a quiet period in Q4, M&A activity has picked up in earnest in the FX industry in 2022, with a number of transactions unveiled this past week involving Swissquote, United Fintech (its fourth deal in the past 14 months), NinjaTrader, and XGlobal. We also are beginning to see 2021 financial results start…
The UK Financial Conduct Authority (FCA) announces that it has decided to make an order, pursuant to section 56 of the Act, prohibiting Paul Seakens from performing any function in relation to any regulated activity carried on by any authorised person, exempt person or exempt professional firm. Mr Seakens committed offences of converting criminal property…
Read More “FCA issues ban as to Opus Capital director Paul Seakens” »
The United States Securities and Exchange Commission (SEC) plans to move for a default judgment against former Goldman Sachs’ compliance analyst Jose Luis Casero Sanchez. This becomes clear from a status report submitted by the regulator at the New York Southern District Court on January 14, 2022. The document, seen by FX News Group, reveals…
Read More “SEC to move for default against ex-Goldman analyst accused of insider trading” »
As the lawsuit brought by ex-Citi Forex trader Rohan Ramchandani against his former employer continues at the New York Southern District Court, the parties in the lawsuit are trying to put an end to discovery disagreements. This becomes clear from documents filed in the Court on January 14, 2022. The document, seen by FX News…
Read More “Citi, former head of FX trading desk try to resolve discovery disputes” »
