Credit Suisse to Borrow Up to $54bn from Swiss Central Bank
Credit Suisse has announced plans to take out a loan of up to 50 billion francs ($54 billion) from the Swiss central bank to strengthen its finances.
Finance & Economics - page 89
Morgan Stanley and Stripe Tap Into OpenAI’s GPT-4
Morgan Stanley Wealth Management and payment giant Stripe have announced their intention to use a chatbot based on artificial intelligence GPT-4 from OpenAI.
NAB Completes Cross-Border Multicurrrency Stablecoin Pilot
The National Australian Bank (NAB) has completed an intrabank cross-border transaction using its minted stablecoin.
Crypto Platform Anchorage Cuts 20% of Workforce
Anchorage Digital Bank, a provider of digital asset storage services, announced the decision to reduce the workforce.
BNP Paribas Moves Into B2B BNPL
BNP Paribas is switching to the Buy Now, Pay Later B2B platform.
South Africa to Roll Out Payshap
In South Africa, the process of introducing Payshap, an inexpensive real-time interbank digital payment service, has started.
Tabit and Lenovo Join Efforts to Offer B2B BNPL in Canada
Lenovo will offer its business customers a BNPL payment method through their Tabit B2B integration
Moody’s Downgrades US Banking Sector
Moody’s Investors Service has revised the forecast for the activity of the American banking sector downwards.
Apollo Global Management Assembling Bid to Buy Silicon Valley Bank
Private investment company Apollo Global Management is asking to support its bid to buy a Silicon Valley bank.
OpenAI Launches Latest Version of ChatGPT With Waitlist
The new version of ChatGPT has become available via the waiting list.
Apple Cuts Spending on Bonuses, Hiring and Travel
The media reports that Apple has decided to actively reduce costs.
NatWest Sets Daily Crypto Purchase Limits
NatWest has become the latest British bank to decide on restrictions for customers buying cryptocurrency.
Platform Tallarium Secures $1.6 Million Investment
Tallarium, a provider of unique trading analytics for determining prices in over-the-counter energy markets, announced the attraction of additional investments from XTX Ventures, the venture capital division of the leading algorithmic trading company XTX Markets, and the venture capital firm Reciprocal.
SEB Buys Stake in Nordic InsurTech Hedvig
The Swedish bank SEB has announced the start of strategic cooperation with the Norwegian insurance company Hedvig.
Dubai’s Astra Tech Forms Partnership With Mastercard
Fintech company Astra Tech, which is based in Dubai, announced that as a result of a partnership with Mastercard, it managed to expand its payment ecosystem.
FDIC Plans to Try Again to Sell Silicon Valley Bank
Another attempt to sell the Silicon Valley bank may be made in the near future.
Finance & Economics
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