The Peoples Bank of China carried out the cleaning up of regulations and normative documents and abolished 11 regulations and 36 normative documents

After the clean-up, the People\\\'s Bank of China abolished 11 regulations and 36 normative documents issued separately in the name of the People\\\'s Bank of China, the main contents of which have been replaced by the new system or are inconsistent with

A Malay woman was cheated of RM37,000 by accidentally clicking on a Telegram link

Sibu Malaysia police reported that a 30-year-old woman lost RM37,217 in a forex investment scam after clicking on a Telegram link. It is learnt that the victim made seven transactions in five different bank accounts from March 8 to 20 to earn points and 1

MT4/5 was removed by Apple is just a false alarm a peer carnival will end lonely

Recently, there was a powerful news in the foreign exchange gold futures circle, the world\'s popular trading platform MetaTrader 4 (MT4) and MetaTrader 5 (MT5) were removed from the Apple App Store on September 23. Users can no longer download the iOS ve

Cartesian Corporate Finance Limited Australian financial services licence suspended

The Australian Securities and Investments Commission (ASIC) today announced that it has suspended the Australian Financial Services (AFS) licence of Cartesian Corporate Finance Limited (Cartesian) until 25 August 2023. The Australian regulator explained t

Egyptian police have arrested 29 people in connection with the Hoggpool platform that defrauded 800,000 people

Recently, Egyptian police arrested 29 people in connection with the Hoggpool cryptocurrency scam. In addition to the 95 mobile phones and 3,367 SIM cards seized, $194,000 worth of currency was also seized in the arrests. According to a lawyer representing

Italy CONSOB has banned five more illegal financial websites, bringing the total to 855.

CONSOB, Italy\\\'s financial watchdog, blacklisted five more websites yesterday for providing unauthorised financial services. So far, the total number of illegal websites blocked has reached 855. CONSOB, Italy\\\'s financial watchdog, blacklisted five mo

CySEC has revoked the Investor Compensation Fund membership of three investment firms

The Cyprus Securities and Exchange Commission (CySEC) announced yesterday that it has revoked the membership of the Investor Compensation Fund (ICF) for three members in accordance with paragraph 6 of its Directive DI87-07 on the operation of the Investor

March 36 brokers customer account profit and loss data released! The highest loss rate was 88.98%

Blackwell Global ranks first with 56.67% of customer account profitability. FXOpen followed suit, with an account earning 40 percent. Other brokers in the top five for account profitability are Swissquote (38%), Darwinex (36%) and City Credit Capital (35.

The local Credit Suisse business in Hong Kong and Singapore is still operating normally, free from the interference of bank acquisitions

After UBS announced its acquisition of Credit Suisse, regulators in Singapore and Hong Kong issued separate statements on Sunday (March 19), saying that Credit Suisse\'s business in both countries was not disrupted and continued to operate normally. Credi

Investors dumped Credit Suisse shares and bonds after UBS bought the bank

Credit Suisse shares fell nearly 62 percent to about 0.61 Swiss francs ($0.6578) in pre-market trading in Switzerland, while the value of its Additional Tier 1 (AT1) bonds - a contingent convertible bond considered the riskiest type of debt a bank can use

Ubs\'s SFr3bn acquisition of Credit Suisse calmed global banking turmoil

On March 19, local time, Swiss banking giant UBS Group bought troubled rival Credit Suisse for 3 billion Swiss francs (about 22.323 billion yuan), and took a loss of up to 5.4 billion US dollars (about 37.2 billion yuan). Founded in 1856, Credit Suisse ha

SVB Financial Group filed for bankruptcy protection to restructure

SVB Financial Group said on Friday it had filed for bankruptcy protection to restructure and find a buyer for its assets. The move comes days after its former subsidiary Silicon Valley Bank was taken over by US regulators. Shares of big U.S. banks fell mo

Banks save themselves! Eleven big banks in the United States have jointly invested $30 billion in First Republic Bank

On Thursday, the banks issued a joint statement: "Bank of America, Citi, jpmorgan Chase and Wells Fargo will each inject $5 billion into First Republic Bank; Goldman Sachs and Morgan Stanley each injected $2.5 billion; Bank of New York Mellon, PNC Ba

Clients at Charles Schwab withdrew $8.8 billion in three days as Silicon Valley Bank collapsed

Schwab is the largest brokerage firm in the United States and the eighth-largest bank by market capitalization, with assets of $551 billion and about 60% of its assets invested in securities portfolios. By the end of 2022, its client assets stood at $7.05

Credit Suisse will borrow up to 50 billion Swiss francs from the Swiss National Bank after a 30 percent plunge in European shares triggered a collapse in European bank shares

Yesterday (March 15), Switzerland\'s second largest banking group, Credit Suisse Bank shares fell about 30% in the day to a record low. That triggered a massive collapse in European bank stocks, which led to a sharp drop of more than 3% across Europe\'s t