The Australian Dollar was slightly boosted by better-than-anticipated employment data today. It comes against a backdrop of uncertainty that has seen the US Dollar wreak havoc on AUD/USD. Read More
Spot Gold displayed whipsaw price action following the European open, flirting with the $1900 level. Bears remain hopeful though if gold prices remain below the $1925 handle. Read More
<p>Credit Suisse shares reached another record-low for a fifth trading session in a row, after Saudi National Bank, the embattled bank’s biggest investor, revealed it would not be able to provide any further financial aid in the future, as stated in Reuters report.</p><p>Credit Suisse in Crisis After Saudi National Bank Update </p><p>At the time of writing, Credit Suisse shares on […]
<p>The US Federal Reserve is reviewing capital and liquidity requirements for banks with assets between $100 billion and $250 billion following the abrupt and speedy <a href=”https://www.financemagnates.com/fintech/svbs-collapse-casts-shadow-on-bank-shares-as-first-republic-bank-slumps-over-60/” target=”_blank” rel=”follow”>collapse of Silicon Valley Bank</a> last week.</p><p>Fed Reviews Regulatory Requirements for Mid-Sized American Banks </p><p>As reported by the Financial Times, the Fed is considering bringing about strict regulations for banks falling in […]
<p>The Cyprus Securities and Exchange Commission (<a href=”https://www.financemagnates.com/terms/c/cysec/” class=”terms__main-term” id=”37d97d82-59f8-4ce2-94d2-21c5bdc82663″ target=”_blank”>CySEC</a>) has summarized the previous year and announced that it supervised 837 regulated entities at the end of 2022. In addition, the regulator revealed that as part of its expanded supervisory authority, it will oversee crowdfunding providers and personal pension products.</p><p>CySEC’s Year in a Review: More Regulated Firms and More […]
Jeremy Hunt extended the energy cap for 3 months while boosting investment incentives and labour supply. Corporate tax incentives offered to counter tax rise Read More
The S&P 500 sinks as the US banking crisis spreads across the Atlantic, weighing on sentiment. Meanwhile, defensive assets rally on haven demand, with the US dollar up against most of its peers. Read More
<p>Noor Capital, a Dubai-based forex and CFDs broker, has acquired “directly or indirectly” 75% or more shares holdings in House of Borse, the latter’s UK <a href=”https://find-and-update.company-information.service.gov.uk/company/09137156/filing-history” target=”_blank” rel=”follow”>Companies House filing</a> shows. Mohammad Alkahtani, who previously controlled House of Borse, has ceased to be a person with significant control, another filing shows.</p><p>Noor Capital’s majority shareholding in House of Borse, which […]