Steffy Bogdanova
LeapRate Analyst

Experienced writer and journalist, working in the global online trading sector, Steffy is the Editor of LeapRate. She has previous experience as a copywriter and has been with the company since January 2020. Steffy has a British and American Studies degree from St. Kliment Ochridski University in Sofia.
Credit Suisse
March 20, 2023 BY Steffy Bogdanova

UBS-Credit Suisse’s acquisition deal triggers global markets backlash

Regulators elsewhere are attempting to minimize the damage, and the European Banking Authority, The Single Resolution Board, and the ECB Banking Supervision committee issued a joint statement. They said: The resolution framework implementing in the European Union the reforms recommended by the Financial Stability Board after the Great Financial Crisis has established, among others, the…

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March 20, 2023 BY Steffy Bogdanova

CySEC announces withdrawal of ICF membership of three firms

Retail brokerage operator F1Markets withdrew its licence in December last year and it was confirmed by CySEC earlier last month. 1Markets had several brokerage brands under its operation, such as Investous, 24CM, and EuroPrime, but its operations were not without controversy. The company faced multiple compliance lapses and enforcement actions. In August of last year,…

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Credit Suisse
March 20, 2023 BY Steffy Bogdanova

UBS to acquire Credit Suisse for more than $3 billion

UBS Chairman Colm Kelleher said: This acquisition is attractive for UBS shareholders but, let us be clear, as far as Credit Suisse is concerned, this is an emergency rescue. We have structured a transaction which will preserve the value left in the business while limiting our downside exposure. Acquiring Credit Suisse’s capabilities in wealth, asset…

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March 20, 2023 BY Steffy Bogdanova

XS.com hires Andreea Ilies as Global Head of Events

Mohamad Ibrahim, Group Chief Executive Officer (CEO) at XS.com, said Andreea’s track record in the industry speaks for itself and I’m excited at the prospect of working with such a talented and experienced professional to make these new goals come to fruition. Andreea will play a critical part in driving growth and success for the…

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March 17, 2023 BY Steffy Bogdanova

OANDA launches European operations in Warsaw, Poland

OANDA’s European operations follow the acquisition of Polish broker Dom Maklerski TMS Brokers SA, which was rebranded to OANDA TMS. Niewiadomski added: Now, thanks to our refocused operations, investors and traders in the EU can easily access an extensive multi-asset proposition with the knowledge that they are partnering with a trusted, award-winning, and regulated broker.…

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StoneX
March 16, 2023 BY Steffy Bogdanova

StoneX introduces new US defeasance sales and trading offering, expands team with new hires

Hunter Hill commented: Zach, Les and Joe bring deep relationships with municipal and commercial financial advisors. They will expand our underwriting of and distribution in Agency debentures and provide synergies with our rapid growth in Treasuries. StoneX Financial Inc. (SFI) is a financial services company with an international presence that provides clients with a range…

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March 16, 2023 BY Steffy Bogdanova

Swissquote reports net profit fall of 19% in 2022

Trading Income Swissquote faced challenges in 2022, which impacted most of its revenue streams. There was a 7.6% decrease in net income from fees and commissions, and a 14.3% drop in net eForex income due to lower trading volumes. The net income from crypto assets declined drastically by 72.9% to CHF 27.7 million. The platform's…

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Credit Suisse
March 16, 2023 BY Steffy Bogdanova

Credit Suisse borrows CHF 50 billion to avert liquidity crisis

In the US, the government took emergency steps to give banks more funding to weather the crisis. On Wednesday, however, the focus shifted to Europe, where Credit Swisse falling shares took down the European banking index. Credit Suisse is the first major global bank to receive such an emergency lifeline since the financial crisis in…

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