Britain’s financial regulator has approved WisdomTree’s bid to list exchange-traded products (ETPs) backed by cryptocurrencies bitcoin and ether on the London Stock Exchange, the asset manager said on Wednesday ahead of an expected launch this month.
JP Morgan has appointed former Goldman Sachs banker Alexander Mayer as the new head of its German and Austrian branch, the U.S. investment bank said in a memo seen by Reuters on Wednesday.
Britain’s regulators lack the mindset to boost growth and the financial sector’s global competitiveness, and need parliamentary backing to accept more risk when applying rules, the City of London said on Wednesday.
Belgium’s finance ministry has refused Russian state-owned bank VTB’s request for licences to unblock customer assets held through its brokerage accounts, the bank said on Wednesday.
UK regulators fined Citigroup 61.6 million pounds ($78.5 million) for controls failings in its trading operations, one of the biggest sanctions for systems breaches, which in one case saw the Wall Street firm cause a sudden fall in European stocks.
A major geopolitical conflict is the top risk for global family offices in both the near- and medium-term, while North America and Asia Pacific are set to become the top destinations for fresh asset allocations, a recent UBS survey found.
Indian digital payments firm Paytm posted a wider loss in the fourth quarter on Wednesday and warned of further financial impact as the company absorbs the full effect of the Reserve Bank of India’s order to wind down its banking unit.
Brazilian brokerage XP said on Tuesday its net profit jumped 29% in the first quarter from a year earlier, with net revenues almost in line with market expectations, boosted by fixed income.
The White House believes the U.S. Federal Deposit Insurance Corp needs a “fresh start” with a new chair who is not part of the leadership that presided over its long-running cultural problems, a White House official told Reuters on Tuesday.
