Revolut CFO Resigns Citing Personal Reasons
Revolut’s chief financial officer retired two years after starting work in the British fintech industry.
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Bank of France Head Says Tough Regulations Make EU Lenders Robust
The head of the central bank of France said that strict measures to regulate the processes taking place in the banking sector create an advantageous position for creditors.
Estonia Shuts Down Hundreds Local Crypto Firms Under New Legislation
About 400 virtual asset service providers have either lost their licences or voluntarily shut down in Estonia after the government enhanced TFP and AML laws with stricter rules for the crypto industry players
UK Greenlights $7.3 Billion Merger Between Satellite Rivals Viasat and Inmarsat
The UK Competition and Markets Authority (CMA) has officially approved the proposed merger of Viasat and Inmarsat worth $7.3 billion.
Sam Bankman-Fried Wants His Case Thrown Out of Court
The lawyers of FTX founder Sam Bankman-Fried last Monday, May 8, filed petitions to dismiss the charges brought against him by the US government, of involvement in fraud.
JPMorgan to Pay Frank Founder’s Legal Fees
J.P. Morgan Chase will pay the legal costs of the disgraced founder of the fintech company with whom it is suing.
Jack Ma-Backed Ant Weighs Introduces Investor in HK Bank Unit
The media, citing informed sources, report that Ant Group Co. is currently exploring the possibility of selling a stake in its virtual banking division in Hong Kong.
Revolut CEO Blames Banking Troubles for UK License Delay
The CEO of Revolut said that the recent turmoil in the banking industry caused the suspension of the banking license of this company in the UK.
TD Bank Blames Regulatory Uncertainty for Failed First Horizon Acquisition
Canadian TD Bank canceled the planned purchase of the American financial institution First Horizon.
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.
Meta Vows to Fight as FTC Proposes New Privacy-Related Restrictions
The Federal Trade Commission (FTC) has proposed several restrictive measures against Meta.
MoneyGram Pushes Back Date of Sale
MoneyGram has postponed the date of its planned sale.
OpenAI Reopens ChatGPT to Italian Users
OpenAI has announced that the chatbot ChatGPT has become available to Italian users again.
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.
SNB Chief Wants Tougher Regulations After Credit Suisse Crisis
Thomas Jordan, President of the Swiss National Bank, is convinced that the crisis at Credit Suisse Group AG is evidence of the need to change the rules of regulation to apply the norm on the obligation of financial institutions to have a sufficient amount of available assets at any time.
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