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Nestlé S.A. is evaluated among the top cookies and crackers stocks as the global market, valued at $100.2 billion in 2023, is projected to grow to $122.45 billion by 2030, driven by North America and rapid expansion in Asia Pacific. Despite economic pressures, snacking remains a resilient category, with consumers maintaining spending habits. Meanwhile, Mondelēz International's potential acquisition of Hershey could reshape the confectionery landscape, competing with Mars' upcoming merger with Kellanova.
Groupe BPCE has received regulatory approval for its cryptocurrency subsidiary, Hexarq, allowing it to offer crypto services to its 35 million customers starting in 2025. This PSAN registration enables services like custody and trading of digital assets under French law, marking a cautious yet strategic entry into the crypto market.While Hexarq focuses on retail services, BPCE's investment banking division, Natixis, is advancing blockchain initiatives, including a €100 million bond issuance. The bank emphasizes that the 2025 launch is contingent on ongoing risk assessments.
BPCE, a major French banking group, is set to enter the cryptocurrency market in 2025 through its subsidiary Hexarq, which has secured PSAN authorization to operate in the digital asset sector. This initiative aims to meet rising customer demand for crypto services and enhance client loyalty within the Banque Populaire and Caisse d’Épargne networks.As France positions itself as a leader in crypto regulation with the upcoming MiCA framework, BPCE's move reflects a broader trend of traditional banks embracing digital assets. Hexarq will compete with established players like SG Forge, potentially setting a precedent for other institutions in the evolving financial landscape.
UBS Group AG is contemplating job cuts in France due to a declining economic outlook and the integration of Credit Suisse. A company spokesman indicated that the restructuring is a response to the less favorable market environment, though the specific number of potential cuts remains unspecified.
UBS Group AG is considering job cuts in France due to a weak economic outlook and the integration of Credit Suisse. The restructuring plan is being presented to the works council, with measures for affected staff to be developed in collaboration with employee representatives. France's economic growth is projected at only 0.2% per quarter in the first half of next year, amid political uncertainty and a recent credit rating downgrade by Moody's.
France’s financial regulator, the Autorité des Marchés Financiers (AMF), has authorized BPCE’s subsidiary Hexarq to provide cryptocurrency services, allowing it to operate as a crypto asset service provider (CASP). Hexarq will offer services such as custody, buying, selling, and trading cryptocurrencies, integrating these into BPCE’s banking networks, Banque Populaire and Caisse d’Épargne, by 2025. This approval positions BPCE as a key player in France's regulated crypto market, which currently has only four approved CASPs, reflecting the stringent regulatory environment.
French bank BPCE plans to offer crypto investments through its subsidiary Hexarq starting in 2025, following regulatory approval from the Autorité des marchés financiers. Customers of Banque Populaire and Caisse d’Épargne will be able to buy and sell Bitcoin and other cryptocurrencies via a dedicated app. This move aligns with the growing global adoption of cryptocurrencies and comes as France enhances its regulatory framework ahead of the EU's Markets in Crypto Assets rules implementation in late 2024.
US interest rate markets saw slight upward trends, with the two-year Treasury yield falling to 4.13% and the ten-year to 4.18%. Corporate investment grade and high yield indices gained 1.34% and 1.15%, respectively, while commodity prices weakened, particularly gold and crude oil. Equity hedged strategies across US, European, and Asian markets generally produced positive returns, driven by strong performances in consumer discretionary and financial sectors, despite some volatility in healthcare and energy.
France’s financial regulator, AMF, has authorized BPCE’s cryptocurrency subsidiary, Hexarq, to operate as a crypto asset service provider. Hexarq will offer services such as crypto custody and trading against the euro, integrating its app into the Banque Populaire and Caisse d'Épargne networks by 2025. This marks Hexarq as the fourth crypto business approved by AMF, joining Société Générale’s Forge, Deblock SAS, and GOin SAS.
BPCE, one of France's largest banks, is set to launch Bitcoin and crypto investment services in 2025 through its subsidiary Hexarq, which has recently obtained PSAN authorization from the AMF. This makes Hexarq the second bank in France to receive such approval, allowing it to operate in the digital asset market.The services will be accessible via an app targeting customers of Banque Populaire and Caisse d’Épargne, marking BPCE's significant entry into the digital asset space after years of limited involvement. France is leading the EU in establishing regulatory frameworks for crypto asset service providers, with the AMF accepting applications under the new MiCA regulations.
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