Large U.S. Banks Make Deposits Into First Republic Bank
Eleven of the largest U.S. banks place uninsured deposits worth $30 billion in First Republic Bank.
Finance & Economics - page 91
Crypto Firm Copper Makes Job Cuts
The British startup for storing and trading digital assets, Copper, has announced a reduction in the workforce.
Xapo Bank Integrates With UK Faster Payments
Xapo Bank, a leading bitcoin custodian, and the licensed private bank announced integration with the Fast Payments system (FPS).
ClearBank Partners With Code First Girls to Tackle Fintech Gender Gap Issue
ClearBank joins 30 other financial service companies in partnering with Code First Girls, keen to hire more women and eliminate the gender gap which still persists in fintech
Flutterwave Expands Services in Rwanda
Flutterwave received its Electronic Money Issuer and Remittance Licenses from the National Bank of Rwanda to deploy a range of new products to the country’s 13.5 million citizens
Adept Raises $350 Million
Adept, a startup that creates artificial intelligence, announced that it managed to attract investment funds for $ 350 million following the results of the Series B funding round.
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.
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.
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