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August 18, 2022

FINREG

Five Chinese state-owned companies to delist from NYSE amid U.S. tensions

Reuters
SHANGHAI/HONG KONG, Aug 12 (Reuters) – Five Chinese state-owned companies, including oil giant Sinopec (600028.SS) and China Life Insurance (601628.SS), said on Friday they would delist from the New York Stock Exchange, amid economic and diplomatic tensions with the United States. The companies, which also include Aluminium Corporation of China......

China’s Alibaba strives to keep New York listing amid audit dispute

Reuters
Aug 1 (Reuters) – Alibaba Group Holding Ltd (9988.HK)said on Monday it would work to maintain its New York Stock Exchange listing alongside its Hong Kong listing after the Chinese e-commerce giant was placed on a delisting watchlist by U.S authorities. Alibaba stock closed down nearly 3.8% in a near-flat......

UniCredit ready for economic shocks after bumper quarter

Reuters
Unicredit logo and stock graph are seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register Q2 profit double analyst forecast, year ago figure Applied to ECB for 1 bln euro buyback previously on hold Lending momentum easing in......

Crypto exchange Coinbase faces SEC probe over securities – Bloomberg News

Reuters
A representation of the cryptocurrency is seen in front of Coinbase logo in this illustration taken, March 4, 2022. REUTERS/Dado Ruvic/Illustration/ Register now for FREE unlimited access to Reuters.com Register July 25 (Reuters) – The U.S. Securities and Exchange Commission (SEC) is investigating whether Coinbase Global Inc (COIN.O) improperly let......

Crypto.com, Trade Republic register for crypto services in Italy

Reuters
A representation of cryptocurrency Binance is seen in this illustration taken August 6, 2021. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register MILAN, July 19 (Reuters) – Singapore-based Crypto.com and German investment platform Trade Republic on Tuesday said they had registered as cryptocurrency operators in Italy, following......

Indian regulator approves new head of NSE bourse

Reuters
MUMBAI, July 17 (Reuters) – India’s market regulator on Sunday approved the appointment of Ashish Kumar Chauhan as the next chief executive of the National Stock Exchange of India (NSE), the country’s top bourse said in a statement. The NSE, launched in 1994, says it is the world’s biggest derivatives......

SEC investigates Better.com for alleged federal laws violation

Reuters
July 14 (Reuters) – The U.S. Securities and Exchange Commission (SEC) is examining whether mortgage lender Better.com and the special purpose acquisition company it has agreed to merge with, Aurora Acquisition Corp (AURC.O), violated federal securities laws. In the second-quarter of 2022, the regulator asked Better.com and Aurora Acquisition to......

JPMorgan suspends buybacks, warns on global economy as profit slumps

Reuters
July 14 (Reuters) – JPMorgan Chase & Co’sJamie Dimon struck a cautious note on the global economy as America’s largest bank reported a worse-than-expected 28% fall in quarterly profit and suspended share buybacks in the face of growing risks of a recession. The chief executive also stressed the need to......

Indonesia chases G20 progress with Russia but Germany, France sceptical

Reuters
Head of delegates prepare for a meeting on the last day of the G20 finance ministers and central bank governors meeting in Jakarta, Indonesia, February 18, 2022. Mast Irham / Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register JAKARTA, July 13 (Reuters) – G20 finance leaders......

Singapore’s policy quirk lures bank funding rush

Reuters
Tourists have drinks at a hotel rooftop bar as clouds gather over the central business district in Singapore June 6, 2016. REUTERS/Edgar Su/Files Register now for FREE unlimited access to Reuters.com Register Singapore dollar debt pricing attractive vs U.S. dollar markets Private banks doing most of the buying Trend can......

Indian financial crime agency raids Chinese-owned Vivo

Reuters
A Vivo logo is seen at a shopping mall in Shanghai, China February 22, 2019. Picture taken February 22, 2019. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register MUMBAI, July 5 (Reuters) – India’s financial crime-fighting agency on Tuesday raided the offices of smartphone maker Vivo, owned......

EU agrees to tame ‘Wild West’ with new crypto market rules

Reuters
Souvenir tokens representing cryptocurrency Bitcoin and the Ethereum network, with its native token ether, plunge into water in this illustration taken May 17, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register LONDON, July 1 (Reuters – Cryptocurrency companies will need a licence and customer safeguards to......

U.S. SEC rejects Grayscale’s spot bitcoin ETF

Reuters
A bitcoin representation is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier/File Photo Register now for FREE unlimited access to Reuters.com Register June 29 (Reuters) – The U.S. securities regulator on Wednesday rejected a proposal to list a spot......

Volt, Australia’s first online-only bank, shuts down due to fund-raising woes

Reuters
June 29 (Reuters) – Volt Bank Ltd, the first exclusively online bank to gain an Australian banking licence, said on Tuesday it would shut down, returning deposits and selling its mortgage book after failing to raise sufficient funds to support the business. Its collapse is a further blow to a......

Raft of U.S. banks raise dividends after stress tests

Reuters
BANGALURU/NEW YORK, June 27 (Reuters) – Morgan Stanley (MS.N), Goldman Sachs (GS.N), Bank of America (BAC.N)and Wells Fargo (WFC.N) hiked their dividends on Monday while JPMorgan & Chase (JPM.N) kept its payout flat, after the U.S. banks cleared their annual stress test exerciselast week. The U.S. FederalReserve said on Thursday......

China proposes rules to regulate private pension investment via mutual funds

Reuters
A Chinese national flag flutters near the building of China Securities Regulatory Commission (CSRC) at the Financial Street area in Beijing, China July 16, 2020. REUTERS/Tingshu Wang/Files Register now for FREE unlimited access to Reuters.com Register SHANGHAI, June 25 (Reuters) – China’s securities regulator proposed rules to regulate private pension......

European banks ace U.S. Fed’s stress test, show strong capital levels

Reuters
WASHINGTON/LONDON, June 23 (Reuters) – The U.S. units of major European lenders including Deutsche Bank, Barclays and Credit Suisse sailed through the Federal Reserve’s annual “stress tests” on Thursday, showing they hold enough capital to weather an economic shock. For the seven European bank subsidiaries the Fed oversees with more......

Italy’s Monte dei Paschi seeks 2.5 bln euros for latest relaunch plan

Reuters
People are seen inside a Monte dei Paschi di Siena bank in Rome, Italy August 16, 2018. REUTERS/Max Rossi Register now for FREE unlimited access to Reuters.com Register Targets 3,800 voluntary staff exits in November Secures pre-underwriting accord with group of banks To lower costs, replenish capital with cash call......

Italy’s Saipem sets terms for cash call, shares drop 15%

Reuters
A Saipem logo in seen on the bridge of the Saipem 10000 deepwater drillship in Genoa’s harbour, Italy, November 19, 2015. REUTERS/Alessandro Garofalo Register now for FREE unlimited access to Reuters.com Register New shares offered at 1.013 euros each Capital hike to run from June 27 to July 11 Core......

Cryptoverse: Crypto lenders face a DeFi drubbing

Reuters
A bitcoin representation is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier Register now for FREE unlimited access to Reuters.com Register June 21 (Reuters) – Crypto lending may not be down and out, but it’s certainly on the ropes.......

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