Robinhood shares jump 12% on job cuts, smaller-than-feared loss

The logo of Robinhood Markets Inc is seen at a pop-up event on Wall Street after the company’s IPO in New York City, US, July 29, 2021. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com Register Aug 3 (Reuters) – Shares of Robinhood Markets Inc closed up nearly 12% on Wednesday, a … Read more

Factbox: The crypto crash hit these companies the hardest

Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 14, 2018. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register July 28 (Reuters) – Cryptocurrencies have been hard hit by fears interest rate hikes will end the era of cheap … Read more

US consumer watchdog to scrutinize crypto payments, Big Tech moves into finance director

WASHINGTON, July 27 (Reuters) – The top US consumer watchdog plans to scrutinize the use of cryptocurrencies for real-time payments and ramp up oversight of Big Tech companies as they expand into the traditional financial sector, its director told Reuters. The Consumer Financial Protection Bureau (CFPB) will also publish a report this fall on “buy-now, … Read more

Flow Traders’ ‘black-box’ business weighs on results, shares

Launches new share buyback program of up to 25 million euros Expect fixed operating expenses to grow by about 25% this year Guidance reflects some higher base salaries, strong US dollar Adjusts profit-sharing percentage to 32.5% of operating result July 22 (Reuters) – Shares in Flow Traders (FLOW.AS) tumbled on Friday after the Dutch trading … Read more

Analysis: ‘Big Bang 2.0’ up in smoke as Britain’s finance law reforms underwhelm industry

Law empowers regulators to design divergent rules in future Some key changes echo moves already taken by European Union Crisis-era bank taxes, capital demands left unchanged LONDON, July 20 (Reuters) – Britain’s reform of post -Brexit financial services is more about catching up with rivals than unleashing a ‘Big Bang 2.0’ as it sidesteps calls … Read more