Search results for DCM
Finance
KB Securities posts Q1 net profit of 350.2 billion won, up 92.75 percent year on year
KB Securities posted a sharp rise in first-quarter earnings, helped by stronger stock markets. Consolidated revenue rose 179.46 percent from a year earlier to 8.35 trillion won. Net profit increased 92.75 percent to 350.2 billion won and operating profit climbed 101.73 percent to 453.1 billion won. The company recorded broad-based growth across wealth management, investment banking, capital markets and wholesale operations.
Crypto
U.S. CFTC sues Illinois, Arizona and Connecticut over prediction market jurisdiction
The U.S. Commodity Futures Trading Commission has filed lawsuits against Illinois, Arizona and Connecticut in a dispute over jurisdiction for prediction markets. The agency said Illinois infringed the federal government’s exclusive authority by cracking down on platforms including Kalshi, Crypto.com and Polymarket, including sending orders to halt operations. The CFTC asked a federal court to determine whether the Illinois actions violated the U.S. Constitution’s Supremacy Clause.
Finance
Korea Investment Securities signs MOU with Guotai Haitong Securities on research, retail and IB
Korea Investment Securities said on Monday it signed a memorandum of understanding with China’s Guotai Haitong Securities covering cooperation in research, brokerage, mutual distribution of financial products and global investment banking. It plans to pursue exclusive research collaboration and expand the scope of China stock market investment information it provides. The two sides will also review brokerage cooperation to improve access and trading convenience for China and Hong Kong, and explore joint opportunities in ECM, DCM and M&A.
