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Monday, February 6, 2023
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Marqeta to buy fintech infrastructure start-up Power Finance for $223m

Marqeta to buy fintech infrastructure start-up Power Finance for $223m

Marqeta, a US-based modern card issuing platform, has agreed to acquire credit card programme management platform Power Finance for a total of $223m in...
Five Techniques of Reducing the Losses

UBS reports 23% increase in Q4 2022 net profit to $1.65bn

Swiss investment bank UBS has reported a net profit of $1.65bn for the fourth quarter ended 31 December 2022, a 23% increase compared to...

A Slight Interest Rate Hike But More Coming- US Fed Reserve

The US Federal Reserve increased its target interest rate percentage point quarter on February 1 and yet continued to promise an ongoing surge in...

Rising Interest Rates May Significantly Sting European Banks

A surge in the cost of borrowing is a much-needed lift for the already troubled banks in Europe, but it does come with a...

A $12 Billion Borrowing Planned By Saudi Arabia In 2023

As per the Saudi Press Agency, the country is planning to borrow $12.9 billion this year. Mohammed bin Abdullah Al-Jadaan, the country’s foreign minister,...

EU Financial Services Aims To Give Investors Value For Money

A likely ban on bank commissions to financial advisers who are in the business of selling their products can very well be a part...
BENEFIT and JoPACC sign MoU to support key financial initiatives

BENEFIT and JoPACC sign MoU to support key financial initiatives

BENEFIT, an electronic financial transactions services company, signed a Memorandum of Understanding with the Jordanian Payment and Clearing Systems Company (JoPACC). The key focus of...

New Dollar Bonds Worth $20 Billion Ordered By Saudi Arabia

For its first Eurobond sale of the year, Saudi Arabia has attracted more than $20 billion in investor orders for a triple-tranche dollar bond. The...

EU financial services chief wants investment sales incentives banned

According to Mairead McGuinness, the head of the European Union's financial services, a restriction on inducements for advocating sales of financial goods could reduce...
Arizona Bank & Trust to acquire Arizona operations of Johnson Bank

Duck Creek to acquire a modern payments platform, Imburse Payments

Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) insurance, announced a definitive agreement to acquire Imburse Payments,...

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