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Morgan Stanley Fined $2M Over Insider Trading Lapses Linked to First Republic
Massachusetts securities regulators imposed a $2 million fine on Morgan Stanley for failing to properly monitor insider trades tied to First Republic…
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The S&P 500 Has Gained Over 18% From January To August. What Can We Expect In The Final Quarter Of 2024?
The S&P 500 has surged more than 18% from January to August, marking its strongest first eight months since 2021 and the…
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UK Financial Sector Gears Up For Potential Tax Surge Under Labour
British banks are reportedly ramping up their lobbying efforts to stave off potential tax hikes, as the newly elected Labour government prepares…
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BNY Mellon Agrees To $5M Settlement With CFTC Over Swap Reporting Failures
The Bank of New York Mellon has agreed to pay a $5 million fine to the US Commodity Futures Trading Commission (CFTC)…
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Fed Unveils New Capital Requirements For Big Banks, Eases Pressure On Goldman Sachs
In a move that has captured the financial world’s attention, the U.S. Federal Reserve has announced its latest set of capital cushions…
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Wall Street Rises As Key Consumer Confidence Gauge Shows Gains
Wall Street’s main indexes advanced this Tuesday after the latest data showed that consumer confidence rose to 103.3 in August from 101.9…
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Monzo Tops The List As Britain’s Favorite Bank, Leaving Big Names Behind
In a major industry-wide survey commissioned by the Competition and Markets Authority (CMA), the digital bank Monzo has emerged as the best…
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Fed’s Chairman Jerome Powell Signals September Rate Cut, Sending Markets Higher
Fed Chairman Jerome Powell’s latest remarks have set the stage for a significant shift in US monetary policy, Coindesk reported. Speaking at…
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Germany’s Largest Development Bank Courts Boerse Stuttgart Digital For Its Tokenised Bond
State-owned and Germany’s largest development bank, KfW, is preparing for its anticipated blockchain-based digital bond offering. The bank teamed up with Boerse…
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French Banking Giant SocGen Streamlines Operations In Billion-Dollar Sale
In a significant move that’s reshaping the European banking sector, French banking giant Societe Generale (SocGen) has announced the sale of its…