Hundreds of crypto firms fail FCA money laundering test

Just 13% of crypto firms that applied for authorization under the Financial Conduct Authority’s money laundering rules over the past two years have been successful. The regulator has received a flood of applications under the Fifth Anti-Money Laundering Directive — Read more

Investors look to bank earnings season for signs of a recession

The US economy might be headed for a recession — or it might not be. Investors will be looking to bank earnings to clear up the question. The big banks start reporting second-quarter earnings this week, and what executives say Read more

Crypto market’very ripe’ for deals amid blowout

In the rubble-strewn land of virtual currencies, cash is king. A blowout in the cryptocurrency market sparked a wave of layoffs, punished valuations and drove some companies to bankruptcy. Now firms that still have capital are gearing up for a Read more

Property owners and officials find ways around century-old laws as the West runs out of water

Shasta Lake, California’s largest water reservoir, has been running well below full capacity this year. (George Rose, Getty Images) Estimated read time: 7-8 minutes SACRAMENTO, Calif. — With a megadrought draining water reserves in the West, states are looking for Read more

XTX’s Zar Amrolia: Why’Terminator’ robots will never replace human traders

Zar Amrolia started off as a quant at JPMorgan in 1988 when he was in his mid-20s. He drifted into trading and sales, with stints at Credit Suisse and Goldman Sachs, rose to the head of currency trading at Deutsche Read more

Le vent de panique sur les marchés financiers touche les céréales

Le spectre de la récession, qui a fait dégringoler pétrole et monnaies sur les places financières, a gagné le marché des produits agricoles où les cours du blé, du maïs et des oléagineux suivaient ces dernières semaines. des céréales ont Read more

Goldman, JPMorgan ring-fencing talks stoke fears of weakened rules

Goldman Sachs and JP Morgan scored meetings with a high-profile panel looking into the future of ring-fencing reforms, raising concerns about the role of big banks in crafting the financial guardrails. The meetings came as the Treasury sets up a Read more

Ex-JPMorgan traders accused of spoofing as $ 1bn case heads to court

Two former precious metals traders at JPMorgan Chase and a co-worker who handled hedge fund clients face trial starting 8 July in the climax of a seven-year Justice Department campaign to punish alleged market manipulation. The criminal trial in Chicago Read more

Asset management execs back four-day week

Senior executives from some of the UK’s largest fund houses are keen to move to a four-day work week, as financial services firms continue tearing up the rulebook following the Covid pandemic. A survey of 200 senior asset management executives Read more

Hedge fund adviser Patrick Ghali on crypto, ESG and why clients are dumping’any exposure to China’

Patrick Ghali, co-founder of hedge fund advisory Sussex Partners, talks with Financial News about how his clients are adapting to this year’s sharp downturn in markets and how they’re positioning for a recession, a crypto winter and sustainable investing. His Read more