Many observers have noted that last year was not a banner year for stock markets and a global industry group for exchanges and central clearing counterparties has backed up that point of view via a new report showing that “$25 trillion was wiped off global stock markets in 2022.” The new report from the London-based… Read More >>
Referendum Spurs Turmoil for Italian Banking
Italian Prime Minister Matteo Renzi resigned on Monday, Dec. 5, after suffering a heavy defeat in a referendum on his flagship constitutional reforms. The result — 60 percent voting against to 40 percent voting for — has plunged the country into political turmoil and sent banking stocks to new lows. In particular, Italian banks, which… Read More >>
Pending LSE-Deutsche Börse Union Faces Antitrust Pushback
Shareholders may have given their seal of approval but the fate of the Deutsche Börse and London Stock Exchange Group’s £21 billion ($27.7 billion) merger is now in the hands of roughly 40 regulatory bodies around the world. While a handful including the U.S. and Russian authorities have given the union the green light, getting… Read More >>
