Varengold Bank to Close its Capital Markets Brokerage Segment

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Varengold Bank to Close its Capital Markets Brokerage Segment

Postby kreslik.news » Thu Mar 03, 2016 8:33 pm


The long-standing Forex brokerage under the name Varengold Bank, may have a short time left for its Capital Markets brokerage as the firm is preparing to wind it down, according to headlines by German finance company DGAP, and as per people close to the news that Finance Magnates reporters spoke with.

The German written press release from DGAP said that Varengold will focus on segments with higher risk-adjusted returns, including commercial banking, and prime brokerage, as it aims to end its capital markets business segment, and after the capital it raised in February for its shares.

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