Metro Bank Secures $1.1 Billion
The media reported that the British Metro Bank was able to secure $1.1 billion from investors.
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Italy Revisits Bank Tax After Industry Rebuke
A controversial 40% tax on the banks’ income derived from higher interest rates was revised in Italy, now favouring banks that hold a higher proportion of government bonds
Fujitsu to Test Use of Generative AI for Banks
The Japanese technology giant Fujitsu will conduct testing, during which the possibilities of using generative artificial intelligence technology in the banking sector will be explored.
U.S. Bank Launches Online Treasury Solution
U.S. Bank presented an online platform for third-party payments/treasury solutions.
HSBC Launches Trade Finance Offer
Banking giant HSBC has presented a trade finance proposal, through which customers will have access to simplified payment transfer mechanisms to suppliers.
Bank of America Reports Rise in Delinquency Rates
Bank of America has reported an increase in the number of customers of this financial institution who delay credit card payments.
U.S. Bank Launches Services for Medical Institutions
U.S. Bank announced its intention to start providing small medical clinics with the same financial support as larger institutions of similar functional purpose.
Greenlight and Apiture to Provide Family Banking Solutions
Apiture, a provider of digital solutions for banks and credit unions, announced the beginning of cooperation with the fintech company Greenlight Financial Technology, which is focused on serving families.
Citi Adds New Payment Solutions
Citi Treasury and Trade Solutions presented a line of new banking products that are intended for use by financial institutions within the scope of their activities related to the execution of payment transactions.
Swift Enters Beta Testing of CBDC Connector
Swift continues exploring CBDC interoperability, proceeding to the next testing phase with three central banks / monetary authorities and over 30 financial institutions involved
HSBC Launches New Account Opening Service
HSBC has launched a new service for opening business accounts in several markets.
Bank of America Expands SafeBalance
Bank of America announced the expansion of requirements for its SafeBalance settlement account plan.
JPMorgan CEO Criticizes Capital Rules Proposed by US Authorities
Jamie Dimon, chairman of the board and chief executive officer of JPMorgan Chase & Co, said he disagreed with the rules on capital that were proposed by regulators of the United States.
BNY Mellon Launches Payments Service
The American bank BNY Mellon has established cooperation with Trustly in order to launch an open banking service, through which organizations will be able to carry out payment transactions of consumers directly from their accounts opened in financial institutions.
Neobank Zopa Raises $93 Million
The British neobank Zopa announced that following the results of the next round of financing, it managed to raise investment funds for 75 million pounds ($93 million).
Citizens Financial Group CEO Expects Limited Consolidation in Banking Area
Bruce Van Saun, CEO of Citizens Financial Group, believes that in the near future, the scale of consolidation in the American banking sector will be limited due to the impact on the situation in the industry of such negative external factors as high interest rates and significant degree of pressure from regulators.
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