The company earned $816 million before tax, with an adjusted income of $831 million. This is a substantial increase from the $689 million income before tax (adjusted to $671 million) reported in the corresponding quarter of the previous year. Diluted earnings per share were reported at $1.48, with an adjusted value of $1.52, showing a…
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FairXchange focuses on ensuring FX trading remains commercially viable for all parties, both on the buy-side and sell-side. The partnership underscores both entities' commitment to leveraging data-driven insights in their engagement with Liquidity Providers (LPs) and improving liquidity to Saxo Bank's and its clients' advantage. Guy Hopkins, CEO and Founder of FairXchange welcomed Saxo Bank…
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The web-based solution seamlessly integrates with popular trading platforms like MetaTrader 4 and 5, offering comprehensive dashboards for tracking trader performance from registration to managing funded accounts. Andrey Kamyshanov, Co-Founder and Managing Partner of Brokeree Solutions expressed confidence in Prop Pulse's ability to empower brokers in the proprietary trading sector, citing its comprehensive features that…
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In a press release, Vantage disclosed its intentions to reinforce its market position among FX/CFD brokers through this website overhaul. The upgrade not only introduces new features but also rejuvenates the existing interface. Marc Despallieres, the Chief Strategy and Trading Officer at Vantage emphasised that this move aligns with their ethos of 'trade smarter @vantage'.…
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Clients of Saxo will now enjoy a substantial reduction in brokerage fees, with cuts of up to 87% for US market trades and up to 62% for trades on the ASX. This adjustment means that trading fees for US equities could go as low as USD 1, for UK equities as low as GBP 3,…
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The bank has confirmed that Cristina Alba Ochoa will assume the role of interim CFO starting January 15. Meanwhile, the search for a permanent replacement for Hopkinson is underway. Following this news, Metro Bank's shares opened 1.5% lower but later saw a smaller decline of 0.3% by 0910 GMT. The bank’s stock experienced a 69%…
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The two regulatory bodies have declared their intention to establish a system that will more effectively address the financing requirements of real estate projects. This initiative is geared towards fostering stable growth within the housing sector, as detailed in a joint statement they released last Friday. Since mid-2021, China's real estate industry has been struggling…
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Fraser has initiated a multi-year plan aimed at reducing administrative complexity, enhancing profitability, and improving the performance of the company's stock, which has historically underperformed compared to its counterparts. For the quarter ending December 31, Citigroup reported a loss of $1.16 per share. This result was negatively impacted by $3.8 billion in charges and reserves,…
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SVB Financial Group has formulated a restructuring plan with principal creditors, gaining the endorsement of a consortium of banks and investment firms. This group, holding over $2.3 billion in SVB Financial's debt and preferred stock, was mentioned in the documents presented to the Manhattan bankruptcy court. Following the collapse of Silicon Valley Bank in March,…
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Capitalising on favourable market conditions, Campari joined the wave of issuances seen across Europe since the beginning of the year. The Courvoisier acquisition marks the largest in Campari's history, which has seen consistent growth through various acquisitions. The company priced its new shares at €9.33 each, a 6% discount from the closing price on Tuesday.…
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