The EBΑ Concludes Work on Legacy Instruments Monitoring
The European Banking Authority (EBA) announced it will cease its dedicated monitoring programme for legacy instruments, reaffirming its long‑standing view that such instruments should be phased out. Legacy instruments, which enjoy grandfathering under CRR‑1 and CRR‑2, can blur subordination hierarchies and add unnecessary complexity to banks' capital structures. Over the past years the EBA issued two Opinions (2020, 2022) and regularly assessed individual cases to guide competent authorities. With most of the work completed, the regulator will now rely on existing guidance while continuing its broader review of own‑funds quality.
Renewable Energy Company EDPR's 2025 Recurring Profit Jumps 50% on US Growth
EDP Renovaveis reported a 50% jump in recurring net profit for 2025, reaching €330 million, driven by rapid U.S. capacity expansion. EBITDA rose 17% to €1.95 billion, with a target of €2.1 billion for 2026. The company added 2 GW of new capacity, over...
Practice Profile: Giving Everyone a Piece of the PE Pie
Citrin Cooperman, after private‑equity backing from New Mountain in 2021 and a Blackstone stake in 2025, rolled out a firm‑wide "P unit" program that gives every employee a share of the firm’s equity growth. The participation units vest based on...
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Blu Label Reports Hefty Loss After Cell C Listing but Remains Upbeat
Blu Label Unlimited reported a R5.2 billion net loss linked to its Cell C investment, yet posted a R389 million profit after stripping out Cell C items. Revenue rose 19% to R8.64 billion, while EBITDA swung to a R4.1 billion loss. The group completed Cell C’s JSE...
Strategy Yield Wrapper Lands in Europe as 21Shares Lists STRC ETP
21Shares has launched the Strategy Yield ETP (ticker STRC NA) on Euronext Amsterdam, giving European investors direct exposure to Michael Saylor’s Strategy preferred stock. The product is backed by Strategy’s 717,722 BTC treasury—valued around $47 billion—and offers a variable 11.25% annualized dividend. It marks...
Finance Agreed for Second Bosphorus Rail Link
Turkey’s transport ministry has secured a preliminary $6.75 billion financing package from six international lenders for the Northern Railway Crossing Project, a second rail link across the Bosphorus. The 126 km double‑track, electrified line will run from Gebze to Istanbul Airport via...
UWMC Lifts 2025 Revenue but Trails Prior-Year Profit Peak
United Wholesale Mortgage’s parent, UWM Holdings, posted 2025 revenue of $3.16 billion, up from the prior year, driven by a record $163.4 billion in loan originations and higher gain‑on‑sale margins. Net income fell to $244 million, reflecting a $435 million mortgage‑servicing‑rights markdown and a...
Funds ‘Could Be on Hook for Further €9bn Divestment’ Under Revised SFDR
The EU’s revised Sustainable Finance Disclosure Regulation (SFDR) now obliges funds to disclose and potentially divest from fossil‑fuel holdings, prompting German NGOs to warn that an extra €9 billion of assets may need to be sold. The European Securities and Markets...
Zambia to Build ‘Rainy Day’ Fund While Metals Surge
Zambia will establish a “rainy day” stabilisation fund to lock away surplus copper revenues as production hits record levels and prices hover near historic highs. The Treasury plans to finalise the fund’s framework this year before beginning deposits, using the...
Are PE’s Best Days Ahead of It? Here’s What CPPIB and Warburg Pincus Think
Canadian pension fund CPPIB and Warburg Pincus both signal optimism for private equity returns despite recent market turbulence. CPPIB projects improving internal rates of return as deal flow stabilizes, while Warburg Pincus highlights emerging fee‑restructuring trends that could ease limited...
Don’t Be Deterred by a Lack of Hard Data, Says ACCA Guidance on Sustainability Reporting
The ACCA has published a new guide, "Sustainability reporting: working with estimates," to help organisations produce ESG information when hard data are missing or uncertain. The report outlines practical methods such as using proxy data, integrating financial metrics, and applying...
How the OCC Is Handling Its Charter Application Workload
Bank charter applications surged in 2025, with 18 new OCC filings—equal to the total received in the previous four years combined. OCC chief Jonathan Gould frames the spike as a return to normal, emphasizing that new bank formation signals system...
South Africa to Earmark R1.58 Trillion Towards Social Services
South Africa’s 2024 budget earmarks R2.67 trillion in total spending, with R1.58 trillion directed to social services. The largest allocations go to education (R527.2 billion), social development (R446.6 billion), health (R310.4 billion) and economic development (R283.9 billion). Peace and security receives R274.6 billion, funding police, defence and...
FHFA VantageScore Savings Sized up, FICO Expands in Mortgage
The Federal Housing Finance Agency (FHFA) plans to adopt VantageScore 4.0 alongside FICO’s 10T score as part of a mandated modernization effort. A Deep Future Analytics study projects that competitive use of VantageScore could cut mortgage credit‑score fees by more than...
Side Letter: Here Be Zombies
Zombie‑style private‑equity funds are projected to manage roughly $1 trillion in net asset value by 2030, reflecting a surge in aging, ill‑liquid portfolios. The article outlines how managers must adjust to a “new era” where exits are scarce and capital recycling...
Crowe Reports Global Revenue of $6.5 Billion in 2025
Crowe Global reported $6.5 billion in revenue for its 2025 financial year, marking a 12% increase over the prior period and continuing a 10% growth streak. The network posted strong regional gains, led by Europe at 21% and the Middle East...
Corporate Report: Statement of Excesses 2024-25
HM Treasury released the Statement of Excesses for the 2024‑25 financial year on 25 February 2026. The 16‑page document asks Parliament to approve any departmental outlays that exceeded the original estimates. It details spending that fell outside the plans set...
FG Nexus Sells Another $14M in Ether as Losses Mount on Treasury Bet
FG Nexus, a publicly listed Ethereum treasury firm, sold 7,550 ETH worth roughly $14 million, adding to a series of disposals that have locked in over $80 million in losses. The company originally accumulated 50,770 ETH at an average price of $3,860 per coin...
Press Release: Finastra Teams up with CargoX to Further Adoption of Digital-at-Source Electronic Trade Documentation
Fintech leader Finastra announced a strategic partnership with blockchain document‑transfer platform CargoX to embed electronic trade documents (eTD) into its Trade Innovation solution. The integration, delivered via Finastra's open API and Trade Innovation Nexus, supports over 65 eTD types and...
Private Equity Still Vital to CalPERS’ Strategy Under TPA: CEO
At NEXUS 2026, CalPERS CEO Marcie Frost announced that the pension fund’s revitalized private‑equity program will operate with a degree of independence from its newly adopted total‑portfolio approach (TPA). The move signals a renewed commitment to private‑equity as a core return...
Aave Governance Dispute Escalates as ACI and Aave Labs Publish Dueling Reports
A governance dispute has erupted in the Aave ecosystem as the Aave Chan Initiative (ACI) and Aave Labs released conflicting reports on the protocol’s historical funding and contributions. ACI’s transparency report estimates $86 million in lifetime capitalization for Aave Labs and...
Budget 2026: Godongwana Talks up AI, Data Infrastructure
Finance Minister Enoch Godongwana used the 2026 budget launch to declare data and artificial intelligence infrastructure as critical as electricity, ports and transport. He announced plans to expand data‑centre capacity, citing 55 existing facilities and R50 billion of investment expected over...
Harvard Study Shows AI Stock Trading Rivals Many Picks Made by Fund Managers
A Harvard Business School working paper finds that artificial intelligence can predict about 71% of mutual fund managers’ trade directions, and for some senior managers in less competitive categories the prediction rate approaches 100%. Predictability is higher for managers with...
Hayward Holdings Reports Fourth Quarter Fiscal Year 2025 Financial Results and Introduces 2026 Guidance
Hayward Holdings reported a strong fourth‑quarter FY2025, with net sales of $349.4 million, up 7% year‑over‑year, and a gross margin of 48.5%, a 160‑basis‑point improvement. Operating income rose 14% to $87.3 million, delivering a 25% operating margin, while net income increased 25%...
EU Market Integration Proposal: What Asset Managers Need to Know
The European Commission released a Market Integration Legislative proposal on 4 December 2025 to end the long‑standing fragmentation of the EU’s single market for investment funds. The draft consolidates cross‑border marketing rules for UCITS and AIFs into an expanded Regulation (EU) 2019/1156, shifting from...
AI Disruption: Does the Software Selloff Create Contrarian Buying Opportunities?
Software-as-a-service (SaaS) companies are experiencing a sharp sell‑off as investors worry AI models could erode their high‑margin business models. The rout has driven trailing P/E multiples to extreme levels, with Salesforce down more than 30% this year despite its 150,000‑customer...
Wint Wealth Revenue Jumps 2.6X in FY25; Cuts Losses by 60%
Wint Wealth, the Bengaluru‑based debt investment platform, posted operating revenue of Rs 44.5 crore in FY25 – a 2.6‑fold increase from the prior year – while narrowing its losses by more than 60% to Rs 8.2 crore. Interest income from debt securities, which now...
What Is Post-Trade Settlement and How Does It Work?
Post‑trade settlement comprises confirmation, clearing, instruction matching, and the final exchange of securities and funds. The process, managed by clearing corporations, custodian banks, and central securities depositories, is essential to render trades legally complete. Delays or failures expose firms to...
Oppenheimer Hires Former Stern Brothers Managing Director Vien Le
Oppenheimer has added former Stern Brothers managing director Vien Le to its public finance investment‑banking group in Los Angeles. Le brings more than two decades of municipal finance experience, having advised the Los Angeles Department of Water and Power, the state...
Summer Hot Spot Eyes Transfer Tax on $1 Million Sales To Fund Local Housing
Barnstable County’s Assembly of Delegates approved a home‑rule petition to impose a real‑estate transfer tax on sales exceeding $1 million, lowering the original $2 million threshold and allowing municipalities to set rates between 0.5% and 4% on the amount above the threshold....
OQ Technology Secures $30 Million From Europe for Satellite-to-Smartphone Expansion
Europe’s Investment Bank is providing €25 million (≈$30 million) to Luxembourg‑based OQ Technology to expand its direct‑to‑device satellite constellation. The debt will fund the launch of more than 20 small satellites, including OQ’s first C‑band satellite aimed at smartphone connectivity slated for...
Keurig Dr Pepper’s Split Plan Could Unlock Hidden Value
Keurig Dr Pepper posted a strong Q4, with revenue rising 10.5% to $4.45 billion and earnings beating forecasts. The company secured an additional $1.5 billion in preferred equity, lifting total preferred funding to $4.5 billion and eliminating the need for a partial IPO....
African Guarantee Fund: De-Risking Africa's Growth Story
The African Guarantee Fund (AGF) has leveraged nearly $3 billion in guarantees to mobilise $6.5 billion in loans for micro, small and medium enterprises across 44 African nations. By sharing credit risk with partner banks, the fund has reached more than 50,000...
Separate Ways II: The SMA Playbook for 2026
Separately managed accounts (SMAs) are now the dominant channel for institutional capital, driven by demand for customized exposure and fee transparency. A new report surveying 100 hedge fund managers and 50 allocators uncovers operational friction points, especially around data transparency...
Styx Blades of Greed Publishers Nacon File for Insolvency, Will "Assess All Possible Solutions" To "Protect Employees and "Preserve Jobs"
Nacon, the French publisher behind titles such as Styx: Blades of Greed and RoboCop: Rogue City, has filed for judicial reorganisation insolvency after its majority shareholder, Bigben Interactive, failed to make a partial bond loan repayment. The filing aims to...
Press Release: Uber to Acquire Parking App SpotHero
Uber announced it will acquire SpotHero, the leading North American parking‑reservation platform, to embed parking services directly within the Uber app. SpotHero currently offers access to more than 13,000 garages, lots and valet locations across over 400 U.S. and Canadian...
Securities Dealers Call for Prudence as Nigerian Stocks Rally
The Association of Securities Dealing Houses of Nigeria (ASHON) warned investors to exercise prudence as the Nigerian Exchange Limited (NGX) enjoys a sustained rally. While renewed confidence and stronger macro‑economic sentiment are fueling price gains, ASHON cautioned that many stocks...
Russia Moves to Bring Crypto Market Under Full State Control
Russia's central bank and finance ministry are drafting legislation to establish a fully regulated domestic cryptocurrency market. The bill, slated for Duma submission in March, would require licensed exchanges, depositories, brokers and asset managers under Central Bank supervision, taking effect...
Are You Taking Source of Funds Seriously?
The Solicitors Regulation Authority’s 2024‑25 AML report flagged source‑of‑funds checks as a persistent weakness, noting that 10% of reviewed files lacked any verification. Firms risk hefty fines, criminal prosecution, and reputational harm if they fail to match client funds with...
The EBA and ESMA Launch a Consultation on the Revised Suitability Assessment Framework for Banks and Investment Firms
The European Banking Authority (EBA) and European Securities and Markets Authority (ESMA) have opened a consultation on revised joint Guidelines for assessing the suitability of management body members and key function holders at large banks and investment firms. The initiative,...
SDK.finance Announces Top Transactional Ledger Software Solutions for 2026
SDK.finance released its 2026 list of top transactional ledger software, underscoring the shift from batch‑based bookkeeping to real‑time financial truth engines. The article defines transactional ledger software as the central double‑entry system that powers banks, digital wallets, marketplaces and cross‑border...
Grenergy Lifts EBITDA to €201m in 2025
Grenergy closed 2025 with revenues just over €1 billion, EBITDA €201 million (up 26%) and net profit €87 million (up 46%). Investment climbed 36% to €880 million, aligning with its €3.5 billion 2025‑2027 strategic plan. Asset‑rotation sales reached roughly US$1 billion, covering more than 60% of...
What Is a Crypto Market Making Program and How to Choose the Right One
Crypto market‑making programs have moved from ad‑hoc trading to formalized partnerships between exchanges and professional liquidity providers. Platforms such as WhiteBIT set explicit performance metrics—spread width, order size, uptime—to ensure continuous quoting and stable order books. Infrastructure advances, especially crypto...
Unlocking Rs 40 Lakh Crore: Govt's Mega Bet on India's Infra Future
Finance Minister Nirmala Sitharaman launched NMP 2.0, a second‑phase asset‑monetisation drive that targets over 2,000 public infrastructure assets across 12 ministries. The programme aims to generate Rs 16.7 lakh crore in total proceeds, with Rs 10.8 lakh crore expected between 2025‑26 and 2029‑30. Revenues will be recycled...
Sarah Hunter: Defining Full Employment and Its Intertwined Relationship with Inflation
Sarah Hunter explained that the Reserve Bank of Australia (RBA) defines full employment as the highest sustainable job level compatible with low, stable inflation. She highlighted the intrinsic link between labour market balance and the RBA’s price‑stability mandate, noting that...
WFE Flags Settlement Risks in Push Toward 24/5 Trading
The World Federation of Exchanges (WFE) warns that extending equity trading to a 24‑hours‑five‑days (24/5) schedule introduces settlement and liquidity risks unless clearing, settlement and payment infrastructures are upgraded. U.S. venues such as NYSE Arca, Nasdaq and Cboe are piloting...
Bank of Japan Won’t Alter Its Policy Normalisation Path
The Bank of Japan affirmed its commitment to a gradual policy normalisation path, emphasizing data‑driven decisions despite the appointment of two dovish board nominees. While the new members are expected to voice opposition to tightening, the overall board composition remains...
DERIVSOURCE: The Pros and Cons of Client Clearing
Client clearing volumes jumped 67% in early 2026, driven by the uncleared margin rule and new structures like the European Agent Trustee Model. The OFR working paper highlights benefits such as reduced dealer gross exposure, lower collateral needs, broader dealer...
Cezanne HR Launches Cezanne Expenses, Giving Businesses Up to Three Hours Back Per Claim
Cezanne HR has introduced Cezanne Expenses, an integrated expense‑management module that promises up to three hours saved per claim. The solution combines mobile OCR receipt capture, mileage calculation and real‑time dashboards within the existing HR platform. Powered by Webexpenses, it...
BSNL Core Operating Profit Grows by 105% in 9-Month Period of FY26: Jyotiraditya Scindia
Bharat Sanchar Nigam Limited reported a core operating profit (EBITDA) of ₹4,858 crore for the nine months ending 31 December 2025, marking a 105% jump from the same period last year. Revenue rose 13% to ₹17,705 crore in FY 26’s first three quarters, while average...