BlockFi Has $1.2B FTX Exposure: Uncensored Financials Leaked
BlockFi has reportedly uploaded uncensored financials by mistake, revealing a major connection to the bankrupt FTX and its subsidiary Alameda Research
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Bangladesh Central Bank Pilots QR Code Payments System
The Central Bank of Bangladesh has launched a trial of an interoperable QR code-based payments system, working regardless of customers’ account-keeping banks or organisations
Revolut to Launch Ultra Premium Plan
Neobank Revolut will launch a new top-tier premium “Ultra” subscription plan by spring 2023
Swiss Bank Cité Gestion Becomes First Private Bank to Tokenize Its Own Shares
The private bank has partnered with digital assets platform Taurus to issue and manage its tokenized shares.
Banking as a Service: What It Is and Why It’s Important
Banking as a service has a huge potential, expected to reach mainstream adoption within two to five years. Let’s discover the basic mechanisms and perspectives of the BaaS industry.
ECB to Stay Course to Return Inflation to 2%
Christine Lagarde said that the European Central Bank will take all necessary measures to return inflation to the target of 2%.
BNY Mellon and Fiserv Partner on Real-Time FX Rate Quotes
The partnership between Fiserv and BNY Mellon brings US financial institutions one step closer to fast and easy cross-border transactions
ECB Contemplates Development of Digital Euro App
The European Central Bank is exploring the prospects of creating a digital euro mobile application.
US Biggest Banks Teams Up to Take On Apple and PayPal
The largest US banks are joining forces to create a digital wallet.
UAE Backs Crypto Adoption With Trading Potential
The United Arab Emirates have been overt regarding their interest in crypto. Now, UAE’s Minister says crypto will ‘play a major role for the United Arab Emirate’s global trade going forward’.
B2B BNPL Playter Launches Credit Solution Paid
The UK-based provider of B2B Buy-Now-Pay-Later (BNPL) services Playter now allows suppliers to offer out BNPL payment plans to their customers
Binance SWIFT Banking Partner to Ban USD Transfers Below $100K
Binance’s SWIFT partner, Signature Bank, has set a minimum transaction limit of $100,000.
Survey: Nearly 20% of US Firms Expect to Reduce Headcount
A survey by the National Association of Business Economics testified that conditions in the US labor market are softening, and companies are no longer experiencing a shortage of labor.
Brazil and Argentina to Create Common Currency
Brazil and Argentina will soon begin preparations for the creation of a common currency.
Citadel Reports Record Profit of $16 Billion
In 2022, Ken Griffin’s Citadel brought investors a profit of $16 billion.
Danske Bank Releases Climate Action Plan
Danish Danske Bank has developed an action plan to combat climate change.
Finance & Economics
