Finance & Economics - page 86

SEC Charges Frank Founder With Fraud in $175 Million Sale to JPMorgan
Countries

SEC Charges Frank Founder With Fraud in $175 Million Sale to JPMorgan

In the United States, federal regulators said that the founder of a student financial assistance company, Frank, committed fraudulent actions against one of the largest banks in the country.

Amazon Cuts Over 100 Games Division Jobs
News

Amazon Cuts Over 100 Games Division Jobs

Amazon has laid off more than 100 employees of its gaming division and reassigned workers to other structural units.

UAE Сentral Bank Selects Technology and Legal Partners for CBDC Project
Countries

UAE Сentral Bank Selects Technology and Legal Partners for CBDC Project

The UAE Central Bank (CBUAE) has chosen Clifford Chance, R3, and G42 Cloud as partners in the implementation of the digital currency creation project.

Lloyds Bank to Move Trade Finance Documentation to Blockchain
Blockchain & Crypto

Lloyds Bank to Move Trade Finance Documentation to Blockchain

Long-term partnership with Enigio will enable Lloyds Bank to digitise its trade finance documentation, delivering faster, more affordable, flexible, sustainable and secure blockchain solutions for its clients

CFPB Issues Warning to Abusive Consumer Finance Firms
News

CFPB Issues Warning to Abusive Consumer Finance Firms

The U.S. Consumer Financial Protection Bureau (CFPB) on Monday, April 3, issued a statement explaining the ban on misconduct in the consumer financial market.

JPX Takes Stake in Nomura-Led Blockchain Business Boostry
News

JPX Takes Stake in Nomura-Led Blockchain Business Boostry

Japan Exchange Group (JPX) acquires a stake in the Booster blockchain project.

Bank of China Calls For Tougher Financial Safeguards
News

Bank of China Calls For Tougher Financial Safeguards

Official representatives of the People’s Bank of China have called for a change in the rules of financial regulation in the direction of tightening.

Lloyds and NatWest Сlose More Branches
News

Lloyds and NatWest Сlose More Branches

Lloyds Banking Group and NatWest have decided to discontinue the operation of even more traditional bank branches.

Bud Branches Out Into USA
News

Bud Branches Out Into USA

The British fintech open banking company Bud has hired a team of executives who will deal with the issues of the firm’s entry into the US market and its further promotion in this region.

Alibaba Prepares IPO for $20 Billion Logistics Unit
News

Alibaba Prepares IPO for $20 Billion Logistics Unit

The media reports that Alibaba Group plans to take its logistics business public.

Web3 Protocol Polytrade Raises $3.8 Million to Improve Global Trade
News

Web3 Protocol Polytrade Raises $3.8 Million to Improve Global Trade

Polytrade, a web3 protocol focused on global trade, announced the attraction of investment funds in the amount of $ 3.8 million following the results of the initial funding round.

Crypto Wallet Manufacturer Ledger Values at $1.4 Billion
News

Crypto Wallet Manufacturer Ledger Values at $1.4 Billion

Ledger, the manufacturer of cryptocurrency wallets, announced a new round of attracting investment funds for the expansion of the C series.

Binance Joins FIDO Alliance Preparing to Implement Passkeys
News

Binance Joins FIDO Alliance Preparing to Implement Passkeys

Binance has aligned with the FIDO Alliance dedicated to the development of passwordless authentication standards

U.S. Fines Wells Fargo Nearly $100 Million
News

U.S. Fines Wells Fargo Nearly $100 Million

In the US, Wells Fargo was fined $97.8 million due to violations related to sanctions.

H&M Says Tech Investments Help Sales Climb 12%
News

H&M Says Tech Investments Help Sales Climb 12%

The Swedish chain of clothing stores H&M recorded an increase in sales and an unexpected increase in profits.

Japanese VCs Join €3 Million Growth Round in Sweden’s Open Payments
Fintech & Ecommerce

Japanese VCs Join €3 Million Growth Round in Sweden’s Open Payments

The Swedish fintech company Open Payments announced the completion of a round of financing for 3 million euros.

Finance & Economics