Nearly two years after the U.S. CFTC first granted bitcoin startup LedgerX temporary registration as a swap execution facility, the regulator on Monday approved the company’s landmark application to clear and settle fully-collateralized derivative contracts for digital currencies.
Litigation finance specialist Burford Capital has raised approximately $225 million in a London bond offering to support its growing legal finance business.
Several Wall Street banks were subpoenaed last month by U.S. federal prosecutors investigating possible manipulation in the $14 trillion U.S. Treasuries market.
Deutsche Asset Management has upgraded European equities from neutral to overweight, according to CIO Stefan Kreuzkamp, as French political risk recedes following the election and strong earnings momentum builds for companies in the region.
Decker & Co., a U.S.-based equities broker for ASEAN and Frontier Asia, has expanded coverage to China and Japan and strengthened its executive team as a result.
U.S. President Donald Trump has signed memos that instruct the Treasury Department to suspend two powers given to regulators following the 2008 financial crisis pending reviews by the agency. One of the memos temporarily bars regulators from defining new non-bank financial institutions as "systemically important financial institutions,” while the other temporarily halts the use of "orderly liquidation authority" to dissolve troubled financial institutions.
A hearty congratulations to our sister publication Modern Trader, which was named Best Business Magazine by the Niche Media Awards committee earlier this week.
Loan data specialist Global Debt Registry has announced its third partnership in the last three weeks, inking an agreement to add leading online lending platform Prosper Marketplace to its verification network.
A new Reuters study reveals that BlackRock, the world's biggest asset manager, slashed the amount it paid out in commissions to Wall Street firms for research by more than half for its largest mutual fund over the last two years, another data point in the deteriorating environment for sell-side research.