Life Imprisonment For Short Selling? South Korea Extends Ban, Harshens Penalties
South Korea extends ban on short selling until 2025 to crack down on illegal practices. Institutions like HSBC and BNP Paribas fined for naked shorting.
Macron’s Snap Election Gamble Shocks European Markets: Euro Eyes Worst 2-Day Performance In 15 Months
European financial markets tumble after far-right parties gain in European Parliament elections, causing uncertainty and potential challenges.
BNP Paribas Faces the Music – Reportedly Settles Case Over Swiss Franc Loan
BNP Paribas (OTC: BNPQY) reportedly settled a lawsuit related to a Swiss franc loan case.
BNP penned a settlement deal with France's consumer group CLCV over a lawsuit on its consumer credit unit for misleading practices about Swiss-franc mortgages, reported Reuters.
Naked Short-Selling Crackdown: HSBC and BNP Paribas Hit With Fines In South Korea
HSBC Holdings PLC (NYSE: HSBC) and BNP Paribas (OTCQX: BNPQY) were hit with a fine of 26.5 billion won ($20.4 million) by South Korea for naked short-selling.
Goldman Sachs, BNP Paribas Lead $95M Funding Round For Fintech-Focused Fnality
Blockchain-based wholesale payments firm Fnality raised $95.09 million in its second round of funding.
Beauty And Fragrance Company Coty Expands Footprint With Global Stock Offering, Paris Listing
Beauty and fragrance company Coty Inc (NYSE: COTY) has disclosed its plans to initiate a global offering of 33 million of its Class A common stock.
Major Banks Unite For Transparent Stock Position Disclosures, Striving for Global Uniformity: Report
Major global banks, including Goldman Sachs Group, Inc. (NYSE: GS) and HSBC Holdings, Plc (NYSE: HSBC), are joining hands to usher in a unified method of revealing clients' stock positions.
Coty Plans To Bolster European Presence With Upcoming Paris Listing: Report
Leading U.S. beauty and fragrance company Coty Inc (NYSE: COTY) is reportedly progressing with its plans for a potential Paris listing in the coming weeks.
European Stocks Rally As ECB Throws In Towel On Rate Hikes
European stocks embarked on a vigorous rally following the European Central Bank’s (ECB) latest interest-rate announcement on Thursday.…
HSBC Reportedly Partners With Fireblocks Amid US Crypto Regulatory Turmoil
London-headquartered banking giant, HSBC Holdings (NYSE: HSBC) has reportedly partnered with crypto custody technology business, Fireblocks to expand into the digital asset space, according to CoinDesk.