Day: January 31, 2022

Jan 31
Cirrus Logic stock jumps 10% after quarterly results top views

Shares of Cirrus Logic Inc. CRUS, +4.91% jumped more than 10% in the extended session Monday after the chip supplier reported fiscal third-quarter earnings and sales well above Wall Street expectations. Cirrus Logic said it earned $128 million, or $2.16 a share, in the quarter, compared with $114 million, or $1.91 a share, in the […]

Jan 31
Former BOJ official warns against use of digital yen in the financial sector

Hiromi Yamaoka is currently heading a private forum of 74 companies that are planning to launch a private digital currency. 790 Total views 68 Total shares A former Bank of Japan (BOJ) official who reportedly headed its digital currency research is now advising against its use. According to a report published in the Japan Times, […]

Jan 31
Fed's Bostic says half-point rate hike isn't his preferred policy path

Atlanta Fed President Raphael Bostic on Monday said he was not advocating for a 50-basis-point rate hike in March. Over the weekend, Bostic’s discussion of a half-point hike with the Financial Times garnered a lot of market attention. In an interview with Yahoo Finance, Bostic clarified that a half-point hike “is not my preferred setting […]

Jan 31
El Salvador president predicts ‘gigantic price increase’ for Bitcoin

There is not enough Bitcoin for global millionaires if each of them wants to own one, Bukele said. 6704 Total views 97 Total shares Salvadoran President Nayib Bukele made yet another bullish Bitcoin (BTC) prediction soon after the International Monetary Fund had urged his government to remove Bitcoin’s status as legal tender. Bukele took to Twitter […]

Jan 31
Congressman Ed Perlmutter reintroduces SAFE Banking measure for cannabis companies

Congressman Ed Perlmutter, D., Colo., said Friday he has attached the Secure and Fair Enforcement (SAFE) Banking Act for cannabis companies to an existing bill called the America Competes Act. The America Competes Act addresses research and innovation efforts as a non-cannabis specific bill. “Cannabis-related businesses – big and small – are in desperate need […]

Jan 31
Chairmanship of the EURIBOR college

Public statement On 27 January 2022, the FSMA formally handed over its chairmanship of the supervisory EURIBOR college to ESMA, being the new competent authority of the administrator of EURIBOR.  Over the last few years, the FSMA took its role in protecting financial consumers seriously. The FSMA took up the role as observer in a […]

Jan 31
Handbook on IDD rules of conduct

The FSMA has prepared a handbook on the IDD rules of conduct providing information on the rules of conduct in the insurance sector Read more in our Handbook FSMA_2022_06…(available in French or Dutch only) Source: FSMA

Jan 31
Selva Bank

The Financial Services and Markets Authority (FSMA) warns the public against the fraudulent activities of Selva Bank, a company that is offering credit illegally to consumers. Selva Bank is not authorized or registered in Belgium as a lender or credit intermediary. Therefore, Selva Bank may not offer credit in Belgium. According to the information available to the […]

Jan 31
The Helpers (cloned firm)

The Financial Services and Markets Authority (FSMA) warns the public against the fraudulent activities of The Helpers, a company that is offering credit illegally to consumers and is using the name of an existing company to appear credible. This is a case of identity theft. The Helpers is not authorized or registered in Belgium as […]

Jan 31
Gruppe Kredit Inter

The Financial Services and Markets Authority (FSMA) warns the public against the fraudulent activities of Gruppe Kredit Inter, a company that is offering credit illegally to consumers. Gruppe Kredit Inter is not authorized or registered in Belgium as a lender or credit intermediary. Therefore, Gruppe Kredit Inter may not offer credit in Belgium. According to the information […]