Damian Chmiel

2 months ago | financemagnates.com | Damian Chmiel

Alpha GroupInternational (LSE: ALPH),the London-based financial services provider, is exploring expansion intoSingapore and the United States as part of its long-term growth strategy,according to the company's annual report published today (Thursday)The FTSE250 firm, which reporteda 23% increase in revenue to £135.6 million for fiscal year 2024, indicatedthat the potential expansion would primarily focus on serving existing Europeanclients who already operate in these jurisdictions.

2 months ago | financemagnates.com | Damian Chmiel

New Zealand'sFinancial Markets Authority (FMA) has issued an alert about an elaborateinvestment scam operating through WhatsApp that promises unrealistic returnswhile employing sophisticated social engineering tactics to defraud investors. Recentsurvey data from FinanceMagnates.com and FXStreet found thatapproximately 60% of traders targeted by scammers on platforms like WhatsAppand Telegram end up losing money.

2 months ago | financemagnates.com | Damian Chmiel

The numberof active Forex traders in Poland surged by 40% in 2024, reaching nearly117,000 participants, while total losses simultaneously rose by 18% to astaggering 1.29 billion zlotys ($325 million), according to new data fromPoland's Financial Supervision Authority (KNF). Theregulator's annual report on the retail Forex (FX) and contracts for difference(CFDs) market reveals a complex picture of rapidly expanding participation amidpersistent profitability challenges.

2 months ago | financemagnates.com | Damian Chmiel

About the Author: 2380 Articles 68 Followers About the Author: Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.

2 months ago | financemagnates.com | Damian Chmiel

Bank ofAmerica must pay $540 million to the US Federal Deposit Insurance (FDIC) in a years-longlegal battle over deposit insurance assessments, a federal judge ruled Monday,resolving a dispute that centered on how the bank calculated its risk exposurefollowing post-financial crisis regulations.