Category: Financial News
Ripple expands payments offering to Africa amid US regulatory pressure
Crypto firm Ripple Labs is to expand its cross-border payments offering to Africa, as it seeks to expand its global footprint in the face of US regulatory pressure. The firm, whose cryptocurrency XRP is […]
Credit Suisse and Apollo strike deal for securitised products group
Credit Suisse Group has entered into definitive transaction agreements to sell a large part of its securitised-products group and other financing businesses to Apollo as it seeks to de-risk its investment bank […]
Hedge funds fall for Dubai over lower tax rates, softer regulation — portfolio managers want in
London hedge funds are joining a trend of investment firms looking towards Dubai for expansion, lured by lower tax rates, softer regulation, and a rising number of millionaires. Millennium Management, ExodusPoint Capital Management […]
Could carbon markets be financial services’ answer to climate change?
There is still an elephant in the room at COP27. And it just got bigger. At last year’s UN climate change conference in Glasgow, there was remarkably little discussion about the key […]
Abrdn, Amundi, Aviva Investors: FTX collapse a ‘major setback’ for crypto uptake
Heavyweight fund groups including Abrdn and Aviva Investors said other big name investors that have steered clear of cryptocurrencies will be extra cautious of entering the market following FTX’s collapse. Asset managers have previously voiced concern […]
ESG firm raises eyebrows for ranking collapsed crypto giant FTX higher on governance than Exxon Mobil
AI-driven ESG ratings firm Truvalue Labs has defended its methodology after awarding collapsed crypto giant FTX a higher score for governance than Exxon Mobil. A screenshot of an ESG analysis for FTX — by FactSet-owned […]
Hunt postpones worst fiscal pain and hoped-for City reforms
On the whole, the chancellor’s Autumn Statement was rather understated. Jeremy Hunt unveiled a huge package of tax and spending changes with less of the fanfare we have come to expect. And […]
Deutsche Bank CEO calls on regulators to loosen rules that ‘structurally disadvantage’ European banks
Deutsche Bank chief executive Christian Sewing has called on politicians and regulators to overhaul rules that “structurally disadvantage” European banks against their US rivals. The German lender’s CEO said that the “pendulum has swung […]
Meet Goldman Sachs’ first Bangladeshi partner as US bank aims to diversify upper ranks
Goldman Sachs promoted a record number of non-whites and women to its elite ranks in its largest partner class for six years, but the US banking giant has quietly hit another milestone. […]
Schroders’ Kimberley Lewis: ‘There is some discomfort talking about race in the UK’
Asset management was not my first career choice. I started my working life as a lawyer in the US, where I grew up. I have always been an advocate, whether that was […]
UPDATE
Egypt authorities refuse identity documents in attempt to pressure dissidents to return: Human Rights Watch – JURIST
Authorities in Egypt have refused to issue and renew essential identity documents needed by those living outside the country, said Human Rights Watch (HRW) Monday. The refusals are allegedly part of attempts […]
Tunisia court should quash convictions against homosexuality, says Amnesty International – JURIST
Amnesty International Sunday called for a Tunisian lower court to quash convictions against two LGBTQ+ individuals who were convicted for homosexuality.A transgender woman and gay man were arrested along with six others […]
Kraken Staking Services Banned in the US – A Win For Investors or a Step Too Far?
One of the largest cryptocurrency exchanges, Kraken, has felt the wrath of the Securities and Exchange Commission (SEC) following its failure to register its staking-as-a-service program. We reached out to the industry […]
EU and UN announce monetary support for Rwanda in evacuating refugees from Libya – JURIST
The EU Delegation in Rwanda Thursday announced an aid package valued at € 22 million to the Rwandan government in support of the Emergency Transit Mechanism (ETM) operated by the UN Refugee […]
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