Wise: Fintech’s customers surge on back of payment deals boom January 16, 2025 Customers at fintech platform Wise have jumped 20 per cent over the last year as the firm continues to make deals with top financial clients. In a quarterly trading update, the money transfer firm revealed that cross border volumes had surged 24 per cent, or 27 per cent on a constant currency basis, to £37.8bn. Meanwhile, [...]
Wise shares bounce on ‘milestone’ Morgan Stanley payments deal December 17, 2024 Shares in Wise have jumped this afternoon after the London-listed fintech firm announced a “milestone” deal to handle foreign exchange payments for Morgan Stanley’s corporate clients. The money transfer firm said Morgan Stanley will become the first major investment bank to offer “high speed cross border” payments through its platform business, which provides payments infrastructure [...]
Standard Chartered mulls sale of three African units November 27, 2024 Standard Chartered is exploring a sale of its wealth management and retail operations in three African countries as the banking giant seeks to free up firepower for its investment plans.
Wise shares boosted by Standard Chartered FX deal November 5, 2024 Wise has struck a deal with Standard Chartered for the lender to use its foreign exchange infrastructure for multi-currency money transfers in Asia and the Middle East. The partnership will see the emerging markets-focused bank integrate Wise’s tech to offer money transfers in 21 currencies. Wise’s share price rose 8.5 per cent in London on [...]
Standard Chartered to double down on wealth management as profit beats forecasts October 30, 2024 Standard Chartered is to double investment in its wealth management arm as the bank beat estimates for its third-quarter profit and boosted plans for shareholder returns.
Standard Chartered wins Libor-linked court battle against investors October 15, 2024 British bank Standard Chartered has won its battle against its investors, meaning it can now impose "fundamentally different commercial bargains...from what had been agreed"
High Court: Standard Chartered Libor test case against investors kicks off September 27, 2024 Standard Chartered kicks off its legal case against a group of investors over transactions dating from the scandal-ridden Libor era
FTSE 100: Natwest, Barclays and Lloyds shares drop on fears of Labour tax raid August 28, 2024 Shares in the UK's largest banks dropped on Wednesday amid concerns that the new Labour government could raise taxes on the sector in October's Budget.
Biggest UK lenders including Natwest, Lloyds and Nationwide could fail safely in a crisis, Bank of England says August 6, 2024 The Bank of England has said any major UK lender could be safely wound down in a crisis without causing disruption to banking services or forcing a taxpayer bailout.
Standard Chartered accused of helping Iran-linked terrorist funders June 4, 2024 Standard Chartered is alleged to have facilitated billions of dollars worth of transactions for Iran-linked entities, including funders of terrorist groups, according to fresh US court filings.