By Anshuman Daga and Lawrence White SINGAPORE/LONDON, July 29 (Reuters) — Standard Chartered’s first-half pre-tax profit rose 19% and beat market expectations, job as the emerging markets-focused lender benefitted from rising interest rates and issued an upbeat post-COVID outlook, pushing its shares 3.7% higher. The strong performance unveiled on Friday showed how some banks with…
Read MoreThe FCA’s Sheldon Mills says too many firms aren’t considering their customers’ needs when designing and selling products This week, City regulator the Financial Conduct Authority announced its new Consumer Duty — a set of rules which it says will force companies to provide a better and fairer service to customers. Sheldon Mills, executive director…
Read Moreid=»article-body» class=»row » section=»article-body» data-component=»trackCWV»> Other than volatility, crypto has over the past decade perhaps been best known for lawlessness. Mysterious cryptocurrency founders have vanished after pocketing millions from initial coin offerings, while hackers and scammers have taken refuge in a financial Wild West enabled by the blockchain. The US government is working to change…
Read MoreScammers are using fake photos to try and get access to thousands of dollars of flood relief funds in , it has been revealed. NSW authorities say they have blocked thousands of applications totalling more than $38million dollars so far, describing the scale of fraud as ‘next level’. One scammer submitted a computer-generated image of…
Read MoreBy Eva Mathews July 28 (Reuters) — Stiff competition from TikTok and Apple Inc’s privacy changes will remain a cause for concern for Facebook-owner Meta Platforms Inc in the near term, Wall Street analysts said. At least 10 brokerages cut their price targets on Meta after the company reported its first-ever quarterly revenue drop on…
Read MoreBy Foo Yun Chee BRUSSELS, July 28 (Reuters) — The European Commission is considering creating a new directorate that may be headed by two top antitrust officials to enforce tough new rules aimed at reining in the powers of Big Tech, two people familiar with the matter said. Such a move could ease concerns that…
Read MoreJuly 29 (Reuters) — Cboe Global Markets Inc on Friday reported second-quarter profit slightly below Wall Street expectations as compensation costs rose, and also said it took a $460 million writedown on its recent purchase of digital asset exchange ErisX. The global exchange operator’s net income, excluding one-time items, rose to $1.67 per share, in…
Read MoreThe FCA’s Sheldon Mills says too many firms aren’t considering their customers’ needs when designing and selling products This week, City regulator the Financial Conduct Authority announced its new Consumer Duty — a set of rules which it says will force companies to provide a better and fairer service to customers. Sheldon Mills, executive director…
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