Two former precious metals traders at JPMorgan Chase have been sentenced to prison for engaging in fraud, attempted price manipulation, and spoofing as part of a market manipulation scheme that spanned over eight years, involved tens of thousands of unlawful trading sequences, and resulted in over $10 million in losses to market participants.
International securities regulator Iosco has set out nine policy recommendations designed to address market integrity and investor protection concerns connected to decentralised finance (DeFi).
Wall Street broker Charles Schwab has splashed out $660m to acquire investment platform Forge Global in a sign of the growing interest in private investment markets.
Revolut has been granted a trading licence by the Financial Conduct Authority, paving the way for the fintech to start offering UK-listed stocks.
Goldman Sachs is in talks with potential partners as it looks to spin out its blockchain-based technology platform, GS DOS.
Middle Eastern investment bank EFG Hermes has acquired a minority stake in Danish fintech Kenzi Wealth.
The SME Finance Taskforce has released its coalition plan to boost the UK economy by speeding up lending and access to finance for 5.5 million SMEs.
Standard Chartered is using AI to create short videos giving its retail customers in Asia the latest foreign exchange insights.
A new study by Substantive Research finds that market data prices are rising faster than ever despite an ongoing review by the Financial Conduct Authority into competitive practices in the market.
A group of former Revolut staffers have raised $6.5 million for hybrid cryptocurrency exchange X10.
BX Digital, a subsidiary of Boerse Stuttgart, has received conditional approval from Swiss market regulators to operate a blockchain-based settlement system for digital assets.
UK banks’ online services are beginning to recover after a problem with Amazon Web Services (AWS) caused widespread outages across several apps and websites.
Komainu, a digital asset custodian joint venture between Nomura, CoinShares, and Ledger, has secured crypto registration from the UK’s Financial Conduct Authority.
An Alabama man has pleaded guilty in connection with the January 2024 unauthorized takeover of the US Securities and Exchange Commission (SEC)’s social media account on X to artifically boost bitcoin prices.
UK fintech Wise is counting the cost of falling short of analysts’ expectations after its latest quarterly results triggered a sharp fall in its share price despite a solid financial performance that saw most metrics increase.