September 19, 2024

Category: Markets

SEC cuts tick size for stock market trades to a half penny
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Markets

SEC cuts tick size for stock market trades to a half penny #NewsMarket

CashNews.co Stay informed with free updates Simply sign up to the US financial regulation myFT Digest — delivered directly to your inbox. US regulators dumped long-standing penny limits on share trading prices and cut the fees exchanges can charge their users in new equity market rules that nonetheless ended far short of more radical initial […]

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British Steel reveals losses deepened eightfold
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Markets

British Steel reveals losses deepened eightfold #NewsMarket

CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. British Steel has announced an eightfold increase in pre-tax losses during 2022 as concerns mount about the future of the Chinese-owned company. The steelmaker, owned by China’s Jingye, made losses of £408mn on turnover […]

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Bank merger crackdown risks missing bigger financial picture
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Markets

Bank merger crackdown risks missing bigger financial picture #NewsMarket

CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. In 2022 there were about 4,500 insured banks, according to the US Federal Deposit Insurance Corporation. In the mid-1990s there were about 10,000. And depending on your perspective, that process of consolidation is either […]

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Vibes on the big day
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Markets

Vibes on the big day #NewsMarket

CashNews.co This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters Good Morning. The world’s largest asset manager, BlackRock, and second-largest company, Microsoft, are partnering to invest in AI infrastructure, […]

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Switzerland’s SIX explores launching crypto exchange
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Markets

Switzerland’s SIX explores launching crypto exchange #NewsMarket

CashNews.co Stay informed with free updates Simply sign up to the Cryptocurrencies myFT Digest — delivered directly to your inbox. The Swiss stock exchange is exploring the creation of a venue in Europe for trading cryptocurrencies, in a bid to muscle in on a market dominated by long-standing digital assets firms such as Binance, OKX […]

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