Posted on Jan 28, 2021, 7:04 p.m.Updated Jan 28, 2021, 9:04 PM Faced with the crazy rise of certain stocks on Wall Street, in the heart of a pitched battle between stock marketers and hedge funds, trading platforms are trying to calm things down. Several of them, such as TD Ameritrade or Charles Schwab have […]
Infotech
After a decade of scandals and manipulation, the currency market is rediscovering virtue
Posted on Jan 28, 2021, 12:26 PM Struck for ten years by a series of scandals, from City to New York, with more than 12 billion dollars in fines linked to currency manipulation and hidden pricing, the currency market wants turn the page and restore its image. Today, some banks are trying to promote more […]
JP Morgan launches online banking in UK
Posted on Jan 27, 2021 4:38 PMUpdated Jan 27, 2021, 5:45 PM This is undoubtedly one of the most important launches in the bank across the Channel since the financial crisis of 2008. Following in the footsteps of Goldman Sachs, which successfully opened its online bank Marcus at the end of 2018, JP Morgan announced […]
Global COVID-19 Crisis Promotes Digital Currency Projects
Posted on Jan 27, 2021 at 9:00 p.m. The COVID-19 crisis prompted 30% of central banks to accelerate their digital currency projects according to the third poll conducted by the Bank for International Settlements among 65 countries in the fourth quarter of 2020. The health crisis has heightened interest to have a 100% electronic currency […]
GameStop hedge fund victim of speculative surge bailed out by two Wall Street heavyweights
Posted on Jan 27, 2021 at 2:15 PMUpdated Jan 27, 2021, 2:33 PM The “big cats” of the hedge fund world, Steve Cohen (Point72) and Ken Griffin (Citadel LLC), took advantage of the setbacks of the hedge fund Melvin ($ 12.5 billion in assets at the start of the year). This fund was already losing […]
Payments: “Consolidation remains more than ever at the heart of Worldline’s strategy”
Posted on Jan 27, 2021 at 7:44 am These days, few manufacturers are able to talk about 2021 with ” great confidence ”, Despite the persistence of the crisis. Gilles Grapinet, the boss of the European payments giant Worldline, does not hesitate. Even if he shows ” lucidity ” and of ” caution “. It […]
Brexit: TP brokerage giant Icap forced to cut itself off from its European clients
Posted on Jan 26, 2021, 1:00 PMUpdated Jan 26, 2021, 4:05 PM No free pass for the City. Left behind during negotiations on post-Brexit trade relations between the United Kingdom and the European Union, the largest financial center of the Old Continent must submit to the demands of the European authorities to continue serving its […]
For Worldline, payment terminals are doomed to be replaced by software
Posted on Jan 26, 2021 2:53 PMUpdated Jan 26, 2021, 4:13 PM If we question him, Gilles Grapinet is categorical. ” We are engaged in a strategic review of Ingenico payment terminals activity, we have not taken any decisions », Declares to« Echos »the boss of Worldline, European leader in payments. However, it is difficult […]
Epstein case: billionaire Leon Black withdraws from Apollo fund
Posted on Jan 26, 2021 8:45 AMUpdated Jan 26, 2021, 8:46 AM Leon Black will soon no longer be CEO of Apollo Global Management. The 69-year-old billionaire will step down by July 31, the investment firm said. A decision taken following the release of a report confirming his business ties with Jeffrey Epstein, the financier […]
Dividends set to rebound 15% in Europe this year
Posted on Jan 25, 2021 9:00 AMUpdated Jan 25, 2021, 9:17 AM No “V” recovery for dividends in Europe. European companies are expected to distribute around 330 billion euros to their shareholders this year in this form, up 15% from last year, according to asset manager Allianz Global Investors in its latest annual survey. Far […]