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Citigroup and Barclays Face Penalty for Naked Short Selling
Market Chatter: Barclays Set to Increase Annual Bonuses
Reports indicate that South Korea has imposed fines on Barclays and Citigroup for naked Short Sell activities.
According to reports, South Korea has fined Barclays and Citigroup for their naked Short Sell activities, intensifying the crackdown on such illegal trading practices. Reports indicate that Barclays and Citigroup were fined 13.7 billion won (9.5 million USD) and 4.7 billion won respectively by the South Korean Securities and Futures Commission (SFC). Barclays stated it is considering a response and will continue to commit to maintaining the highest standards of professional ethics and ensuring the orderly and transparent operation of the market. Citigroup and SFC did not immediately respond to requests for comments.
The Global annual trade volume has exceeded 3 trillion dollars, and merger bankers believe that the year after Trump's inauguration will be even better.
M&A bankers are re-establishing their footing in 2024, currently watching whether Donald Trump's second term will drive or hinder the nascent recovery. According to data compiled by Bloomberg, global Trade volume has grown by 16% this year to $3.1 trillion as central banks begin to cut interest rates. Lower borrowing costs and strong stock market performance have given some companies the confidence and capital to engage in Trade, while Others have been streamlining their Business through asset sales and spin-offs, taking advantage of a more normalized environment after the COVID-19 pandemic. In recent weeks, there have been multiple billion-dollar M&A deals emerging in sectors like advertising, construction materials, and Banks, while private equity firms...
The Canadian dollar has fallen to its lowest point against the US dollar since the pandemic due to the dual impact of economic and political risks.
The Canadian dollar fell to its lowest level since March 2020, following a political crisis in the Trudeau government after the sudden resignation of the finance minister. The Canadian dollar continued its recent decline against the US dollar, dropping another 0.4% on Tuesday, breaking through the level of 1 US dollar to 1.43 Canadian dollars, reaching the lowest point since the outbreak of the pandemic. Due to poor economic performance, the government has also been unable to present a plan to address the threat of Trump's tariffs, which has led to a continuous weakening of the Canadian dollar. Barclays Forex strategist Skylar Montgomery Koning stated, "We believe the Canadian dollar will remain under pressure." Deutsche Bank strategist Michael Puempel mentioned this on the...
and rooting for you Future Multimillionaire.
BullBuyerShortSeller : Actually, SOXL is impacted by upcoming ERs (ADM,QCOM,KLAC, NDIA)
ひな☆彡 SOXL(Bull) OP BullBuyerShortSeller : Ok
money n crab lover : Keep holding