Markets

Three of the largest lenders in Spain, Banco Santander, BBVA, and CaixaBank, have partnered to offer a solution to the menace of financial fraud. The three lenders are working on launching tools that will address the issue of fraud by...

The Adani Group has sold a 90% stake in Adani Capital and Adani Housing to the Bain Capital private equity company. The stake has been sold for Rs. 1,440 crore. This transaction has seen the Adani Group exiting the financial...

Adidas has received orders worth over 508 million euros, equivalent to around $565 million for unsold Yeezy shoes. The orders made for the four million pairs of shoes have surpassed the company’s estimates. Adidas gets over $500M in orders for...

Elon Musk is stepping in with a wide range of changes on Twitter. Musk purchased Twitter last year, and the change to X has now gone live on the website. Musk has also said confirmed the x.com domain that will...

PayPoint, a payments service provider based in the UK, is facing a major lawsuit filed by Global 365. The Global 365 social enterprise firm has accused PayPoint of engaging in anti-competitive practices in the prepayment industry. PayPoint faces a multi-million...

Online trading platforms based in the United States have been expanding their operations to the UK. Some of the most popular US-based platforms that have expanded to the UK include Webull Securities and Public. The two companies have a solid...

The former CEO of the FTX cryptocurrency exchange, Sam Bankman-Fried, is being sued by the now-bankrupt crypto trading platform. The FTX exchange has filed the lawsuit in an attempt to recover over $1 billion worth of funds that were allegedly...

The UK Treasury has rejected the proposals made by an all-party parliamentary committee regarding ranking crypto trading activities the same as gambling. The parliamentary committee had proposed that consumer trading for unbacked cryptocurrencies like Bitcoin and Ether be regulated the...

The UK financial market regulator, the Financial Conduct Authority (FCA), has announced the release of a permanent version of its Digital Sandbox. The Sandbox will leverage the success that was achieved during the trial phase by giving firms access to...

The US central bank, the Federal Reserve, has released an instant payment system that will allow users based in the United States to transfer money through electronic platforms. The Chair of the US Federal Reserve, Jerome Powell, noted that the...

The US SEC’s controversial Chair, Gary Gensler, recently addressed a panel of senators, asking them to add even more money to the regulator’s enforcement budget. According to Gensler, it is necessary to do so in order to rein in the...

Kuwait recently became one of the regions with the strictest anti-crypto laws in the world. Similarly to mainland China, Kuwait has almost prohibited the use of cryptocurrencies. Crypto users can no longer use their coins and tokens to make payments...

The US remains highly interested in engaging with the crypto industry. Even major institutions and financial services businesses are interested in adding crypto as part of their service. However, many of the largest players would have a lot to lose...

Greenwood, a black-owned digital banking platform, has been sued by The Gathering Spot's founders, a members-exclusive club targeting black professionals. The lawsuit is connected to a $50 million acquisition that was announced in May last year. Greenwood sued by The...

Fintech companies in London are calling for an urgent review of the legislation pertaining to hidden bank fees in international payments. The fintechs that have called for the review are fifteen of the largest across London, including Wise, Monzo, and...