TD Bank Blames Regulatory Uncertainty for Failed First Horizon Acquisition
Canadian TD Bank canceled the planned purchase of the American financial institution First Horizon.
Finance & Economics - page 74
Kenya Proposes Crypto Transfer Tax
The Kenyan national budget, which will be presented on June 8, proposes a 3% tax on the transfer of digital crypto assets
British Banks Warn of Big Increase in Online Scams
British banks report that at the end of last year, there was a significant increase in fraud, most of which is observed in the online space.
Asia Investors Sue Switzerland Over Bank Collapse
Asian investors have joined international lawsuits against the Swiss government in connection with its actions to take over Credit Suisse bank.
Lloyds Banking Group Continues to Close Its Branches
The last bank in the town of South Essex will close in August this year.
PacWest Bancorp Reportedly Considers Sale
The media reports that PacWest Bancorp, which is in a difficult situation, is considering selling, breaking up, or increasing its capital.
Mavenir Raises $100 Million
Mavenir, a company that specializes in open radio access networks and related services for 5G networks, announced that it managed to attract investment funds for $100 million.
Starbucks’ US Loyalty Membership Increases 15%
The Starbucks loyalty program demonstrates growth in not the most favorable conditions for activating positive trends.
MUFG Bank Establishes Climate Tech Growth Fund with Mitsubishi and Pavilion Private Equity
Japanese MUFG Bank established the Marunouchi Climate Tech Growth Fund to fuel the development of advanced technologies and solutions necessary for the realization of a carbon-neutral society
ADB Accelerates Climate Change Financing
The Asian Development Bank (ADB) launched the Innovative Finance Facility for Climate in Asia and the Pacific program to enhance support for the region in the battle against climate change
HSBC Announces Increase in Profits from Purchase of Silicon Valley Bank’s UK Business
Banking giant HSBC reported that its profit increased by $ 1.5 billion after the acquisition of the British business of the Silicon Valley Bank.
Janet Yellen Warns of US Cash Shortage Risk by June
US Treasury Secretary Janet Yellen said there is a risk that the US will run out of cash by June 1 if Congress does not decide to raise or suspend the debt ceiling.
JPMorgan to Take Over First Republic Bank
JPMorgan will take over the management of the American First Republic Bank, which found itself in a crisis situation.
OpenAI Closes $300 Million Share Sale
OpenAI startup, which has developed a popular conversational model of artificial intelligence ChatGPT, actively interacts with venture capital companies.
Credit Suisse Southeast Asia FIG Head Says to Join Deutsche Bank
The media, citing informed sources, report that the head of the Credit Suisse Group AG group of financial institutions in Southeast Asia, Nick Thursby, is joining Deutsche Bank AG.
Finance & Economics
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