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...
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...
American Express Launches New Cash Flow Management Hub
American Express announced the launch of American Express Business Blueprint™, the company’s new digital cash flow management hub designed exclusively for small businesses, which...
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...
Sturdy Crypto Regulations To Be Put In Place By The UK
The finance ministry of Britain plans for sturdy regulations for crypto assets after the collapse of the crypto exchange giant FTX in 2022, because...
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...
Digital Euro In The Making With No Challenge To The Banks
According to Fabia Panetta, the ECB Board member, when it comes to the use of the digital version of the euro currency, it is...
Crypto To See Tighter Amendments As EU Lawmakers Huddle
Banks will have to put aside a large sum of capital to cover their cryptoasset holdings under a proposed law that is supposed to...