Markets

Australia's corporate regulator has launched legal action against Australian Unity Funds Management. The company is being accused of offering investment products to retail investors without properly checking whether they are suitable. The Australian Securities and Investments Commission (ASIC) filed documents...

Webull’s UK arm has partnered with Berlin-based tech firm Upvest to let users buy fractional shares of UK stocks and ETFs starting from just £1. This is the first time Webull UK is offering access to London Stock Exchange-listed assets,...

Cryptocurrency exchange Bullish has quietly filed for an initial public offering in the United States. The move follows the public listing success of other crypto companies like eToro and Circle. Two sources familiar with the matter said the filing was...

Selfbook has partnered with PayPal to bring faster, more flexible hotel payments to travelers. The collaboration will allow guests to pay using PayPal and Venmo, offering exclusive discounts and a smoother checkout. Selfbook’s hotel clients will also be promoted in...

Popular UK bank NatWest recently announced a new batch of upcoming branch closures. According to its plans, NatWest intends to shut down 52 more branches by the end of 2025. Combined with the branch closures in the previous years, this...

Klarna, the Buy Now, Pay Later (BNPL) giant and the leader of the sector, recently encountered troubles in Norway after the country’s Consumer Council reported it to the Consumer Authority. According to the Consumer Council, Klarna allegedly failed to provide...

UK banking giant Barclays has recently opened an innovation hub, headquartered in London, and is working with a variety of partners. The two major companies that have joined the bank in launching the new venture are Microsoft and Nvidia. The...

Four industry trade associations in the US have recently demanded major reforms to how federal financial regulators handle sensitive data. The move comes after a significant data breach that targeted the Office of the Comptroller of the Currency (OCC), as...

Starling Bank recently rolled out a new tool for its customers called Spending Intelligence. This is a Large Language Model (LLM) tool that offers clients the use of Generative AI, which allows users to track their spending. Users will be...

According to reports, the Bank of England has collaborated with the London Centre of the BIS Innovation Hub to explore the use of artificial intelligence (AI). Their aim is to detect new and unusual patterns of financial crime in real-time...

AIB has agreed to sell its remaining stake in AIB Merchant Services (AIBMS) to Fiserv, its longtime partner. The deal is expected to close later this year, once it receives regulatory approval. Customers will not need to take any action,...

Keeta Network has joined forces with Solo to build a new kind of credit bureau that works directly on the blockchain. Keeta is a fast blockchain designed to connect Web3 technology with traditional finance. Both firms said the goal is...

Hong Kong’s market regulator is asking brokers to join a free SMS system to stop scam text messages. Investors have been tricked by messages that look like they came from real brokers. These messages lead to fake websites where login...

The Winklevoss twins are making another attempt to enter Wall Street, this time through an initial public offering (IPO). Their cryptocurrency exchange, Gemini, has confidentially submitted a draft registration statement to the U.S. Securities and Exchange Commission (SEC), following in...

Investimental, a Romanian brokerage approved to operate on the Bucharest Stock Exchange (BVB), has broadened its platform to include stocks from across the European Union. Thanks to its ongoing work with trading technology firm Devexperts, Investimental’s clients can now trade...