Gen Digital acquires MoneyLion for $1 billion
Mobile banking firm MoneyLion has reached an agreement to be acquired by technology group Gen Digital in a $1 billion cash deal. The boards of...
G20 Called to Act Against Bank Financing of Fossil Fuels
Leading economists, bankers, and investors have urged G20 leaders to implement ambitious regulations to avert a global financial crisis spurred by ongoing investments in the...
NAB Aims to Eliminate Passwords Within Five Years
National Australia Bank (NAB) plans to eliminate passwords for internet banking within the next five years, transitioning to passkeys and biometric recognition technology for enhanced...
Binance Withdraws from FTX Acquisition
Binance has announced that it will not proceed with its plans to acquire FTX, referencing the outcomes of its due diligence and reports regarding U.S....
20% of Consumers Fell Victim to Scammers in 2024
New research from Barclays Bank reveals that one in five consumers fell victim to a scam in the past year. The study, conducted by Censuswide...
FTX Seeks U.S. Bankruptcy Protection as Bankman-Fried Resigns
Cryptocurrency exchange FTX has initiated Chapter 11 bankruptcy proceedings in the United States, with founder Sam Bankman-Fried stepping down as CEO. Around 130 affiliated companies,...
Thieves Use Boat-Lifting Straps to Pull Cash Machines from Car
Heavy-duty straps used for lifting boats out of the water have been associated with a series of cash machine raids in Worcestershire. West Mercia police...
ASX Faces A$250 Million Loss Following Cancellation of DLT-Based Chess Replacement Initiative
The Australian Securities Exchange (ASX) has decided to terminate its long-delayed blockchain-based post-trade network project, resulting in a financial write-off of approximately A$250 million. Since...
BNP Paribas Partners with Oracle for Cloud Solutions
BNP Paribas has announced its decision to integrate Oracle Exadata Cloud@Customer into its cloud strategy, aiming to enhance security and personalize customer experiences within its...
Fedwire Funds Service ISO 20022 Migration Postponed to July
Federal Reserve Financial Services (FRFS) has postponed the rollout of ISO 20022 for the Fedwire Funds Service from March to July. Despite several years of...