2020 Review: Top 10 M&A deals this quarter
A look back at some of the biggest deals this past quarter.
Trade Finance
French markets regulator backs extension of short-selling ban
“I would probably be in favour of extending [the ban],” says chairman of the AMF.
Banking Technology April 2020 issue out now
All things equal: Closing the gender gap in fintech.
Trade finance fintech Envoy is ready for the coronavirus rebound
Banks will be “very hungry to get their money back,” says CEO.
Revolut loses its head of wealth and trading, a former Freetrade co-founder
André Mohamed leaves after 18 months at the challenger bank.
Keeping traders trading from home
Traders have found themselves operating in a new world.
Spanish regulators approve $2.8bn SIX takeover bid for BME
SIX has been going head-to-head with Euronext for the Spanish exchange firm.
big xyt hires SocGen’s Richard Hills
Data analytics firm snaps up electronic equities trading man.
Will regulators make an example of trading unicorn Robinhood?
“We don’t think they were set up to do it properly,” says class action lawyer.
Santander buys Spanish fintech Mercury TFS
Santander hopes the deal will enhance its global trade platform operations.
Banks test disaster recovery sites and send staff home amid coronavirus
Senior bank execs are concerned about broadband capacity at their employees’ homes.
Financial regulators address the economic & operational effects of COVID-19
Regulators across the globe issue statements addressing coronavirus precautionary measures.
Refinitiv buys US wealth management fintech Scivantage
The deal amount is yet to be disclosed.
Robinhood outage locks users out of recovering US market
Many users are now trying to seek class action against the app.
Standard Chartered joins Cobalt post-trade network
Multinational bank seeks to diversify its services to emerging markets.
Morgan Stanley to buy E-Trade for $13bn in bid to tap online traders
The Wall Street investment bank is branching out from its wealthy client base.
iSignthis to form blockchain venture with NSX to compete with ASX
NSX suspended iSignthis from trading on its platform five months ago.
Wematch hosts “first fully electronic” Eurex-LCH basis swap trade
The swap was piloted between Societe Generale and LBBW.
Taking chances: An interview with Chuka Ikele, legal counsel at CrossLend
Drawing connections between the correlation of law and finance.
An evolution in the world of trading
Traders are extremely bullish about the potential of digital assets and crypto-products.
Envoy Group secures $13.5m investment for blockchain trade finance
Firm plans a full launch in Q2 2020, already has LatAm partners.
Standard Chartered signs Infor Nexus trade finance deal
Bank to offer Infor data matching service to clients.
ESMA postpones CSDR settlement discipline regime
EU regulator gives market six more months to prepare.
Citi deploys Cobalt post-trade infrastructure
US investment bank installs tech to reduce duplication.
Guotai Junan International updates derivatives tech with Finastra
Hong Kong firm goes live on Fusion Sophis.
Sumitomo Mitsui Banking Corporation revamps FX with Kx Systems
Japanese bank taps Kx to power its e-FX operations.
UK fintech Freetrade hit by claims of toxic workplace culture
Former staff said there was no HR person or office manager to voice concerns with.
Bank-backed blockchain trade platform Contour launches in Singapore
Contour is built on R3’s Corda platform.
The rise of investment apps
There’s an appetite to save and invest despite low interest rates across Europe, Australia and the US.
Finma fines Swiss bank CEO $752,000 for insider trading
The executive used covert deposit accounts under his wife’s name.
BMO to acquire Clearpool
The transaction is subject to receipt of required regulatory approvals & conditions.
FCA admits it does not track frequency of funds that block investor withdrawals
The UK financial watchdog has been severely criticised for its lack of oversight of several funds.
A thousand EU financial firms plan to open UK offices after Brexit
EY estimates that around 7,000 positions would be relocated from London to Europe.
WisdomTree takes lead in $17.65m Securrency investment
It plans to pursue the integration of blockchain technology into the ETF ecosystem.
Salaam African Bank in tech overhaul with Oracle
EXCLUSIVE: The deal includes Flexcube core, digital banking, payments and trade finance solutions.
BNY Mellon Markets appoints Paresh Shah as global COO for FX
He joins BNY from HSBC, where he held the role of COO Americas for FX.
Covered Bond Bank migrates international branches to Avaloq Banking Suite
New York, Singapore, and Shanghai all switch to Avaloq system.
ESMA issues final report on SFTR, tackles non-EU LEIs
European regulator posts final notice before SFTR’s April live date
Reasons behind the rise of fintech companies popularising stock market investing
Being financially successful is ‘cool’ and is a growing aspiration for younger generations.
A market course correction will rein in overblown valuations in 2020
Recent disappointing IPO stories are sending investors back to the drawing board.
