Swiss FINMA chief hired as German BaFin head

Source: Dukascopy Bank SA
Swiss FINMA chief Mark Branson has been hired as the president of the German finance watchdog BaFin amid regulatory shake-up following the Wirecard fraud, Germany's finance ministry reported.
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Mon, 22 Mar 2021 16:43:22 GMT

JD.com to make investment in Dada Group

On Monday, China's JD.Com stated it would make an $800M investment in Dada Group, the on-demand delivery platform, after which the Chinese e-commerce company would own around 51% of Dada.

Mon, 22 Mar 2021 14:47:16 GMT

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During Monday's European trading hours, crude oil prices extended the last week's decline. The decline was attributed to a slowdown in economic recovery in Europe.

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