Latest Markets News: Finextra Research

OCBC to invest $500 million in new innovation hub

South East Asia's second-largest bank, OCBC, is to invest $500 million in Punggol Digital District (PDD), with the set-up of a new 430,000 sq ft innovation hub and a multi-million dollar strategic partnership with Singapore Institute of Technology (SIT).

6 hours

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AI ranking says banks lagging on climate action

Most of the largest commercial banks in the world are lagging behind in implementing effective measures to climate-proof their operations and those of the businesses they finance , according to a Large Language Model ranking developed by Climate X and Climate Proof.

17 September 2024

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Standard Chartered invests in crypto-asset platform One Trading

Standard Chartered's investment arm, SC Ventures, has joined a funding round for European crypto-asset exchange One Trading.

17 September 2024

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LSEG buys Axoni post-trade tech business

The London Stock Exchange Group (LSEG) has acquired the Veris post-trade processing business and related intellectual property from Axoni. Financial terms were not disclosed.

17 September 2024

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Citi COO shares responsibility for data overhaul following $136 million fine

Citigroup is stripping chief operating officer Anand Selva of his full responsibility for data compliance after the bank was hit with $136 million in fines for its failure to address long-standing deficiencies in risk management and data governance.

16 September 2024

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EToro USA to stop offering trading in most crypto following SEC settlement

Social investing platform eToro's US business has agreed to pay $1.5 million and stop trading activity in nearly all crypto assets to settle Securities and Exchange Commission charges.

13 September 2024

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Northern Trust launches blockchain-based carbon credit ecosystem

Asset servicer Northern Trust has launched a blockchain-based platform which enables institutional buyers to digitally access carbon credits.

13 September 2024

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Standard Chartered hails "pivotal moment" with launch of digital asset custody service in UAE

Standard Chartered has launched a digital asset custody service in the UAE.

11 September 2024

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Labour Government gives backing to new private market system

The new Labour Government says it remains committed to taking forward the Private Intermittent Securities and Capital Exchange System (Pisces), a bespoke regulated market for private company shares.

11 September 2024