Tag: Germany

BaFin orders sternoptions.com to shut down
Global

BaFin orders sternoptions.com to shut down

Germany’s top financial regulator, BaFin has ordered BP1 LP, Great Britain, to cease and desist from cross-border proprietary trading. This means the company is barred from transacting with German persons or organisations. The regulator said in a statement that “On its trading platform www.sternoptions.com, BP1 LP offers binary options and […]

BRIEF: Deutsche Bank to cut 20% of US staff
Global

BRIEF: Deutsche Bank to cut 20% of US staff

One of the largest lenders in Germany and the world, Deutsche Bank is said to be planning to cut about 20% of its US workforce. The move is part of Deutsche Bank’s move to streamline its activities in investment banking. There were earlier reports that just about 10% would be […]