Bank of France Head Says Tough Regulations Make EU Lenders Robust
The head of the central bank of France said that strict measures to regulate the processes taking place in the banking sector create an advantageous position for creditors.
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UK Greenlights $7.3 Billion Merger Between Satellite Rivals Viasat and Inmarsat
The UK Competition and Markets Authority (CMA) has officially approved the proposed merger of Viasat and Inmarsat worth $7.3 billion.
LinkedIn Cuts 700 Jobs and Closes China App
LinkedIn has cut 716 jobs, taking the baton of layoffs among large technology companies.
JPMorgan to Pay Frank Founder’s Legal Fees
J.P. Morgan Chase will pay the legal costs of the disgraced founder of the fintech company with whom it is suing.
TD Bank Blames Regulatory Uncertainty for Failed First Horizon Acquisition
Canadian TD Bank canceled the planned purchase of the American financial institution First Horizon.
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
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.
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.
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.
Mavenir Raises $100 Million
Mavenir, a company that specializes in open radio access networks and related services for 5G networks, announced that it managed to attract investment funds for $100 million.
Starbucks’ US Loyalty Membership Increases 15%
The Starbucks loyalty program demonstrates growth in not the most favorable conditions for activating positive trends.
MUFG Bank Establishes Climate Tech Growth Fund with Mitsubishi and Pavilion Private Equity
Japanese MUFG Bank established the Marunouchi Climate Tech Growth Fund to fuel the development of advanced technologies and solutions necessary for the realization of a carbon-neutral society
ADB Accelerates Climate Change Financing
The Asian Development Bank (ADB) launched the Innovative Finance Facility for Climate in Asia and the Pacific program to enhance support for the region in the battle against climate change
HSBC Announces Increase in Profits from Purchase of Silicon Valley Bank’s UK Business
Banking giant HSBC reported that its profit increased by $ 1.5 billion after the acquisition of the British business of the Silicon Valley Bank.
Janet Yellen Warns of US Cash Shortage Risk by June
US Treasury Secretary Janet Yellen said there is a risk that the US will run out of cash by June 1 if Congress does not decide to raise or suspend the debt ceiling.
Finance & Economics
