SEC Chair Gary Gensler to Step Down in January 2025
Key Insights SEC Chairman Gary Gensler will step down on January 20, 2025, after serving as the agency’s 33rd chair…
Robinhood Crypto Settles California Probe for $3.9 Million Over Withdrawal Restrictions
Key Insights Robinhood Crypto settles California investigation for $3.9 million over past withdrawal restrictions. Settlement requires Robinhood to allow crypto…
Japan Spends $36.8 Billion to Defend Yen as BOJ Raises Rates
Key Insights Japan spent 5.53 trillion yen ($36.8 billion) in July to support the weakening yen, marking its largest intervention…
Robinhood Launches Joint Accounts
Key Insights Robinhood introduces joint investing accounts for collaborative financial management New feature offers consolidated investment management, dual access, and…
State Street Launches Low-Cost Gold Fund in Australia
Key Insights State Street Global Advisors launches Australia’s lowest-cost gold fund at 0.14% p.a. management fee. ANZ Private Bank to…
Citigroup Hit with $136 Million in Fines for Persistent Risk Management Issues
Key Insights Citigroup and Citibank fined $136 million by U.S. regulators for ongoing risk management and data governance issues. Penalties…
Archegos Founder Hwang Found Guilty in $36 Billion Firm Collapse
Key Insights Archegos founder Bill Hwang found guilty of fraud and market manipulation in $36 billion firm collapse. Co-defendant Patrick…
Australian ETF Market Soars to $199 Billion, ASX Reports 36% Growth
Key Insights ASX reports 36% growth in ETF funds under management, reaching $199 billion in the fiscal year ending June…
UBS Completes Merger with Credit Suisse’s Swiss Unit
Key Insights UBS has completed the merger of UBS Switzerland AG and Credit Suisse (Schweiz) AG, with the latter ceasing…