Page 26 - Anna Irrera News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Synopsis The rate cut is part of the company's overall goal to lower the cost of investing, Robinhood said in a statement, and is the latest competitive move by the popular trading app. Getty Images It has seen business boom during the coronavirus pandemic as more homebound consumers took to buying and selling stocks online. The app now counts more than 13 million users. LONDON: Online brokerage Robinhood Markets Inc has cut its annual margin interest rate for premium customers in half to 2.5%, the company said on Monday, making it one of the cheapest in the sector. The rate cut is part of t...

2 Min Read LONDON (Reuters) - Wahed Inc, a U.S.-based Islamic-finance fintech startup backed by Saudi Aramco, will acquire Niyah Ltd, a British company that runs a digital banking app designed for the Muslim community, the companies said on Thursday. Wahed hopes the acquisition will enable it to broaden its offering and eventually become a one-stop-shop for Islamic law-compliant digital financial products and services, it said. The financial terms of the deal were not disclosed. Launched in 2017, Wahed runs an online investment management platform in the United States which ensures its portfo...

2 Min Read LONDON (Reuters) - British digital payments firm GoCardless has raised $95 million in an investment round led by Bain Capital Ventures, the company said on Thursday. The startup will use the cash injection to invest in its open banking strategy, enabling more businesses to accept bank-to-bank payments and replacing more costly card transactions, it said. London-based GoCardless processes direct debit payments, which are recurring transactions withdrawn directly from a consumers’ bank account. Clients include businesses such as those charging monthly subscriptions or offering inst...

British fund firm Ruffer has 550 million pounds bitcoin bet - spokesman 12/16/2020 | 09:17am EDT Send by mail : Message : Required fields LONDON (Reuters) - British fund manager Ruffer Investment Management last month made a bet on bitcoin now worth around 550 million pounds ($745 million), a spokesman for the company told Reuters, in one of the largest signals of rising institutional interest in the digital currency this year. The allocation by Ruffer, which managed 20.3 billion pounds ($27.3 billion) in assets at end-November on behalf of more than 6,500 investors globally, "acts as a h...

* Equivalent to around 2.7% of total assets -spokesman * Larger investors see bitcoin as inflation hedge (Updates prices, adds comments, graphic, context) LONDON, Dec 16 (Reuters) - British fund manager Ruffer Investment Management last month made a bet on bitcoin now worth around 550 million pounds ($745 million), a spokesman for the company told Reuters, in one of the largest signals of rising institutional interest in the digital currency this year. The allocation by Ruffer, which managed 20.3 billion pounds ($27.3 billion) in assets at end-November on behalf of more than 6,500 investors g...