US Banks to Report Profit Decline, Prepare for Recession
Major US banks are expected to show a net profit decline in their quarterly earnings reports to be released on Friday, while the industry is getting ready for an economic slowdown
Finance & Economics - page 99
Nuvei to Buy Paya
The Canadian payment company Nuvei signed a deal to purchase the American division of Paya.
Swiss National Bank Post $143 Billion Loss in 2022
In 2022, the Swiss National Bank recorded losses of $ 143 billion.
Santander Partners Allianz Trade & Two for B2B BNPL Solution
The partnership combines Allianz Trade’s global corporate database with Two’s B2B BNPL technology, while Santander provides expertise in Working Capital Solutions
Who Is and Isn’t Feeling the Unofficial Recession?
“The credit market is clearly telling the equity market: we don’t see a recession, and if we do see one, it will be a mild one,” says head of international fixed income at NatAlliance Securities, as quoted by the Financial Times. And yet, the current inflation is deemed “the hottest” in four decades. The first […]
Customers of US Bank Silvergate Withdrawn Over $8bn of Crypto-Linked Deposits
Customers of the American bank Silvergate have withdrawn more than $8 billion from their cryptocurrency-related deposits. About 65% of Silvergate’s customers have withdrawn their deposits in the last three months of 2022. The bank sold its assets worth $5.2 billion. This decision was made by a financial institution to cover expenses. Also, the sale of […]
MACH Alliance Announce New Member Adyen
The MACH Alliance group of independent technology companies announced on January 6 that its structure will include Adyen (AMS: ADYEN), a global financial technology platform.
Demographics Determine Payment Preferences
The European Central Bank found out that the demographic factor determines consumers’ payment preferences.
Twenty7tec to Buy Meet Parker
British mortgage technology firm Twenty7Tec acquired a specialist in digital interaction based on artificial intelligence, Meet Parker.
Tanzanian Fintech Company Nala Launches Business in EU
The Tanzanian fintech company Nala announced the start of work in 19 countries of the Eurozone.
Abu Dhabi Islamic Bank Release Contactless Payment Devices
The Islamic Bank of Abu Dhabi launched the release of devices for contactless payments.
Inflation in Eurozone Fall to 9.5%
For the first time in two months, inflation in the Eurozone was less than 10%. The preliminary consumer price index in the single euro area increased by 9.2% year-on-year in December. This figure in November was 10.1%. In October, the index was a record, its value was equal to 10.6%. Experts predicted inflation in the […]
Huobi Lays Off 20% of Employees, Denies Insolvency
The crypto exchange Huobi has confirmed plans to lay off 20% of its employees as part of the ongoing restructuring, following Justin Sun’s acquisition of the firm, but denied rumours of its insolvency
Americans Spent a Record $212B on Online Holiday Shopping
Online shopping considerably increased this holiday season despite economic downturn, as record-setting discounts helped offset the negative impact of high inflation
Santander Launches Commercial Card Solution with Global Payments
Santander Bank partnered with Global Payments Inc. on a new commercial card offering for its Commercial Banking clients in the US
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