Markets

The Hong Kong and Shanghai Banking Corporation Limited (HSBC) has announced a strategic partnership with Google Cloud. This collaboration is aimed at providing venture debt financing options to climate technology businesses. Both parties are looking to support the climate firm...

The Chief Executive Officer of Ripple, Brad Garlinghouse, has reported that the XRP wallet of Chris Larsen, Ripple’s Co-founder, has been hacked. The hackers, which are yet to be discovered, have stolen 213 million XRP tokens worth $112 million. The...

Deutsche Bank has announced that it will reduce its workforce by 3,500 workers as part of a bigger plan to enhance operational efficiency. The German-based bank saw a significant 14% decline in net income amounting to €4.9 billion. It started...

Valentine’s Day is approaching, which means that many will be looking for opportunities, special deals, and other advantages related to the upcoming day of romance. Unfortunately, according to CFTC, there has also been a spike in romance scams, especially the...

In a recent report, the Bank of International Settlements (BIS) warned that the metaverse could place new demands on payment services. It also pointed out that these demands may be better met by central bank digital currencies (CBDCs)and retail faster...

Banking giant Goldman Sachs was recently fined by the Financial Industry Regulatory Authority (FINRA) for failing to adequately monitor trading activity in certain securities over a prolonged period of time. The regulator has issued a $512,500 fine after finding that...

JPMorgan Chase recently shared plans to expand the number of its branches, intending to open as many as 500 new ones over the next three years. The move comes as part of the multi-billion dollar investment in its network. JPMorgan...

UK-based financial firms regulated by the Financial Conduct Authority (FCA) need to prepare for misconduct and harassment surveys which will be starting next week, in mid-February. The regulator confirmed that it has already delivered the first series of questionnaires to...

The UK has been making efforts to introduce new regulations into the local crypto industry, with one of the steps being stablecoin regulations. However, while this move found strong approval, the country’s move to also enhance rules in the custody...

Crypto custody firm BitGo recently acquired a fintech called Brassica — a company that specializes in providing back-end infrastructure services for alternative investments and private securities. The details of the acquisitions were not revealed to the public, but the implications...

HSBC UK has launched its very first standalone ‘Cash Pod’ in Nailsea, North Somerset. It will offer enhanced access to cash. This milestone introduction is the first of ten Cash Pods likely to be launched by the bank this year....

BNY Mellon, America's oldest bank, has announced its collaboration with Microsoft to develop capital markets and provide a wider network for financial services. By utilizing Microsoft Azure cloud and the broad Bank of New York (BNY) Mellon financial data and...

Tata Consultancy Services (TCS) is now the leading brand to take over the management of the Faster Payments Service in the UK. Pay.UK is handling the process as a section of the New Payments Architecture in the UK. It will...

Fat Zebra, a provider of payments infrastructure located in Sydney has acquired Adatree, an open banking technology platform that created headlines as a trailblazer in the industry. With this move, Fat Zebra has strengthened its position in the smart payments...

TradeStation Crypto recently agreed to pay $3 million in order to settle the charges with the US Securities and Exchange Commission (SEC) for not registering a crypto lending product. The firm’s product allowed investors to earn interest on their deposits,...