<p>Germany’s Federal Financial Supervisory Authority, locally known as BaFin, has slapped a EUR 1.05 million fine on publicly-listed online broker operator flatexDEGIRO Bank AG for violating banking supervisory regulations.</p><p>flatexDEGIRO Faces €1.05 Million Penalty</p><p>The regulatory order further directs the company to eliminate the “serious lapses” in its internal control around supervisory reporting and anti-money laundering measures. <a href=”https://www.financemagnates.com/tag/bafin/” target=”_blank” rel=”follow”>BaFin</a> also […]

<p>Beeks Financial Cloud Group (LSE: BKS) published its “unaudited results” for the first half of fiscal 2023, reporting a 35 percent <a href=”https://www.financemagnates.com/institutional-forex/beeks-financial-cloud-groups-revenues-climb-46-in-h1-fy22/” target=”_blank” rel=”follow”>yearly jump</a> in revenue to £10.4 million. However, the pre-tax losses of the company widened to £0.76 million from the previous year’s loss of £0.27 million.</p><p>Beeks Sees Losses despite Revenue Rise</p><p>The London-listed company ended the period […]

<p>Retail <a href=”https://www.financemagnates.com/terms/f/forex/” class=”terms__main-term” id=”6faa6714-7f7b-4d23-b1c5-c0d40807d613″ target=”_blank”>forex</a> and contracts for differences (CFDs) broker, Exness announced the opening of its new offices in Uruguay, its first physical location in Latin America. Opened last week, the new office signifies the company’s growth ambitions in the region.</p><p>Exness Opens a New Office in Uruguay</p><p>The press release shared with Finance Magnates detailed that the new Uruguayan […]