TD Bank Blames Regulatory Uncertainty for Failed First Horizon Acquisition
Canadian TD Bank canceled the planned purchase of the American financial institution First Horizon.
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Starbucks Testing Palm Payments
The coffee giant Starbucks has started testing Amazon’s biometric payments solution, enabling customers to get their cup of coffee by scanning their palm
Kenya Proposes Crypto Transfer Tax
The Kenyan national budget, which will be presented on June 8, proposes a 3% tax on the transfer of digital crypto assets
Shopify Cuts 20% of Staff
Shopify announced its intention to lay off more than 2 thousand employees as part of efforts aimed at intensifying activities in the field of e-commerce.
British Banks Warn of Big Increase in Online Scams
British banks report that at the end of last year, there was a significant increase in fraud, most of which is observed in the online space.
Ex-Uber Security Chief Gets No Prison Time for Hack Cover Up
The former security chief of Uber Technologies Inc. has avoided jail time for concealing information about a large-scale identity theft that occurred in 2016.
Danske Bank Now Helps Businesses Track Their Customers’ Financial Health
The new B2B business intelligence service enables Danske Bank business customers to check their customers’ creditworthiness and access the risks of non-payment
Asia Investors Sue Switzerland Over Bank Collapse
Asian investors have joined international lawsuits against the Swiss government in connection with its actions to take over Credit Suisse bank.
Lloyds Banking Group Continues to Close Its Branches
The last bank in the town of South Essex will close in August this year.
Brazil Pilots CBDC in Stores
Central Bank of Brazil is ready to start trials of its proposed CBDC across various use cases including in-store and offline NFC payments
Maximizing the Power of Your Financial Power of Attorney
A Financial Power of Attorney (FPOA) is an essential legal document that allows an individual (the principal) to appoint someone they trust (the agent or attorney-in-fact) to manage their financial affairs in the event they become incapacitated or unable to make decisions for themselves.
Bitdeer and Bhutan Investment Arm Launch Sustainable Digital Asset Mining
The upcoming carbon-free digital asset mining operations in Bhutan complement Bitdeer’s international expansion, with existing data centers in Northern Europe and North America
Coinbase Gives Up On Bitcoin-Backed Loans
Coinbase stopped issuing new Bitcoin-backed loans through its Borrow service, which allowed users to borrow up to $1 million with no credit check The crypto exchange Coinbase informed its customers that starting May 10, 2023, the company terminates its Coinbase Borrow service which allowed US users to receive fiat loans with crypto collateral. The lending feature […]
PacWest Bancorp Reportedly Considers Sale
The media reports that PacWest Bancorp, which is in a difficult situation, is considering selling, breaking up, or increasing its capital.
Lemonade Expects Generative AI to Improve Business Processes and Profits
Lemonade Insurance company expects that with the help of generative artificial intelligence, it will automate and improve its business processes.
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