Deutsche Börse Says No to Rumoured $3.5bn Price Tag for FXall
News has been bubbling about the upcoming purchase of the FXall unit of Refinitiv by the Deutsche Börse exchange. Though there have only been rumours floating around, the exchange finally confirmed that they were in negotiations for the purchase. However,
Read MoreSaudi Aramco Bond Value Hits $30bn Due To Massive Demand
Saudi Aramco recently issued its first bonds and the response has been staggering. The state-run oil giant has witnessed massive demand for its bonds which has boosted its value to over $30 billion, according to Saudi Energy Minister Khalid al-Falih.
Read MoreFCA Looking At Exit Fees Imposed By Investment Firms
Investors in the United Kingdom (UK) will be happy to know that the financial watchdog in the country – the Financial Conduct Authority (FCA) is looking to set a cap or ban exit fees imposed by investment firms. Investment firms
Read MoreFCA To Continue Restrictions On UK CFDs & Binaries After Brexit
The UK Financial Conduct Authority (FCA) has confirmed that current restrictions on binary options and (CFD’s) which are contract for difference products placed by the European Securities and Market Authority (ESMA) are to be upheld even after Brexit. These restrictions
Read MoreFCA Orders More UK Fund Performance Data To Be Released
The UK’s Financial Conduct Authority (FCA) is imposing stringent regulations on asset managers. The FCA has long been concerned about high asset fees for active asset management despite the fund being tracked to an index, also known as closet trackers.
Read MoreGFIN Sends Out Open Invitation For Fintech Testing
New and innovative technology is responsible for changing the way we do things and it is highly sought after in the financial services industry. However, the main obstacle that fintech companies face is gaining recognition and bringing their product to
Read MoreNutmeg Gets Goldman Sachs Investment
Nutmeg, the UK based digital wealth management service has received a fresh infusion of cash from a surprising source. Goldman Sachs is reported to be one of the biggest investors in the latest fund-raising round for Nutmeg. The Wall Street
Read MoreOpen Banking Yet To Usher In The Expected Fintech Boom
One year ago, European lawmakers decided to open up the banking markets. This was done by forcing banks to share account data with their competitors as long as their customers agreed with the sharing process. The focus behind this change
Read MoreFCA Wants Notification Of Brexit Contingency Plans
With the Brexit deadline quickly approaching, UK financial institutions are busy making plans. The Financial Conduct Authority (FCA) will have its hands full and has taken steps already by announcing that its contingency plan is now open for notifications. The
Read MoreIndian’s Can Once Again Use Paytm Payments Bank
Paytm Payments Bank (PPB) was in hot water for much of 2018 for failing to comply with Indian banking regulations. As a result, PPB was unable to open new accounts because it was barred from doing so. However, after a
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