Uber IPO Labeled Worst in History After $6.3bn Wipeout
Uber’s recent initial public offering (IPO) did not get the market reaction it would have wanted. The IPO is now being called the worst IPO in history as the stock saw a drop of 7.6 percent in value during the
Read MoreIndia’s NSE Given 6 Month Suspension Over Broker Scam
The Indian financial watchdog, Securities and Exchange Board of India (SEBI) has imposed a 1,100 crore rupee fine on the biggest stock exchange in the country – the National Stock Exchange of India (NSE) and banned the NSE from introducing
Read MoreACCC Says Half A Billion Dollars Lost Due To Scams In 2018
The Australian Competition and Consumer Commission (ACCC) recently published data which shows that Aussies have lost close to half a billion dollars due to various scams that worked in 2018. The scams cover a variety of schemes from telephone and
Read MoreSingapore Focuses On Branding Itself As Global Forex Hub
Singapore is making progress in its plans to brand itself as a major forex trading hub. A recent report revealed that the country has been encouraging a lot of forex firms to start setting up shop in the country. The
Read MoreDeutsche 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
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