The latest update includes a personal rate of return metric, revealing that individual investors saw an average return of 13.5% in 2024, compared to 25% for the S&P 500 and 1.3% for the Bloomberg Aggregate Bond Index. The Investor Pulse tool, which tracks taxable and IRA accounts for nearly 50 million U.S. investors, allows users…
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The sites affected include four illegal financial intermediaries and one website promoting an unregistered brokerage platform, Consob said in a statement. The move brings the total number of blacklisted sites to 1,252 since July 2019, when the regulator was given the authority to block financial websites it deems as fraudulent under the "Growth Decree" and…
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The firm will acquire 100% of the company from Visma. The €398 million cash deal aligns with Euronext’s "Innovate for Growth 2027" strategy, which aims to expand its SaaS business and increase subscription-based revenues. The acquisition is expected to be completed by the second quarter of 2025, subject to regulatory approval. Admincontrol, headquartered in Oslo,…
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The failures allegedly exposed sensitive client data over a four-year period. According to ASIC, FIIG failed to implement adequate cybersecurity measures between March 2019 and June 2023, allowing a hacker to infiltrate its IT network undetected for nearly three weeks. This breach resulted in the theft of approximately 385GB of confidential data, affecting 18,000 clients,…
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The company said late Tuesday that the service, which leverages its Crypto Finance business as a sub-custodian, is expected to launch in April 2025, providing institutions with secure and regulated access to digital assets. Jens Hachmeister, Head of Issuer Services & New Digital Markets at Clearstream, stated: “Offering crypto custody is the next step on…
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It was explained that the initiative, Scale Up 2027, will target mid-single digit income growth and an increase in EBITDA margin from 28% to over 40% by the end of 2027. The Swiss financial market infrastructure provider reported CHF 1.6 billion in operating income for 2024, while adjusted net profit rose 12.3% to CHF 204.4…
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The company said the move is aimed at strengthening its investment banking and capital markets capabilities. The acquisition is expected to improve StoneX’s equity research, sales, trading, and investment banking services, expanding its presence in global capital markets. Benchmark is a full-service investment banking firm headquartered in New York and has been operating for over…
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The company said the business saw over $1.05 trillion in average daily notional volume (ADNV) traded. The milestone surpassed February’s ADNV of $909 billion, driven by strong activity across U.S. Treasuries, U.S. and EU Repo, and European Government Bonds. Among the key figures for 3 March, were the U.S. Repo, which saw an ADNV of…
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The partnership is aiming to allow members to consolidate retirement savings more easily. Public will integrate Capitalize’s Rollover API, enabling users to transfer legacy 401(k) accounts into Individual Retirement Accounts (IRAs) directly on its platform. The company explained that the partnership also seeks to address the growing issue of unclaimed retirement funds. They note that…
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It was revealed that Spendesk, a spend management and procurement platform, will integrate Marqeta’s card processing technology into its Core Banking Platform, offering customers both physical and virtual cards with customisable spend controls. The collaboration is expected to enhance real-time expense tracking, budget monitoring, and automated financial management for businesses. “Expense management and procurement solutions…
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