JP Morgan takes over First Republic Bank in second largest US bank collapse ever May 1, 2023 Wall Street titan JP Morgan has swooped in for crisis-hit First Republic Bank, marking the third big American bank to collapse in just over a month and the second largest failure ever, US authorities announced today. The Federal Deposit Insurance Corporation (FDIC) confirmed they had accepted a bid from JP Morgan to seize the majority [...]
SPOTLIGHT on Rationarium – the world’s first full stack ERP for Web3 and blockchain May 1, 2023 Crypto AM Spotlight on Rationarium - the world’s first full-stack cloud-based enterprise solution for Web3 and blockchain.
Mastercard seeks to expand crypto card tie-ups April 28, 2023 Mastercard will expand its cryptocurrency payment card programme by seeking more partnerships with crypto firms, the company’s head of crypto and blockchain said, even as the sector comes under closer scrutiny from regulators and banks grow wary. Mastercard has already partnered with crypto exchanges including Binance, Nexo and Gemini to offer crypto-linked payment cards in some countries. The Binance cards allow users to make payments in traditional currencies, funded by their cryptocurrency holdings on the [...]
US officials lead urgent rescue talks for First Republic April 28, 2023 US officials are coordinating urgent talks to rescue First Republic Bank as private-sector efforts led by the bank’s advisers have yet to reach a deal, according to three sources familiar with the situation. The Federal Deposit Insurance Corporation (FDIC), the Treasury Department and the Federal Reserve are among government bodies that have in recent days [...]
Gymshark chief brands UK ‘a great place to do business’ as firm eyes expansion April 28, 2023 Despite much criticism about the UK’s high level of corporation tax and struggling capital markets, the boss of sportswear brand Gymshark said today the Britain is a “great place to do business.” Asked by LBC’s Nick Ferrari, how easy is it to start and to grow a business in the UK, chief executive Ben Francis [...]
Are we genuinely staying ahead of the curve in FinTech by blatantly ignoring Bitcoin? April 28, 2023 Susie Violet Ward is dismayed at the amount of time, effort and money being put into CBDCs, and believes Bitcoin already holds the answers.
Flutter inches closer to primary US listing as more firms fall out of love with London April 28, 2023 London-listed gambling company Flutter yesterday won shareholder approval to launch a secondary listing in the US, paving the way for it to switch its primary listing in the future. 99 per cent of shareholders approved the secondary listing at Flutter’s annual general meeting on Thursday. The listing is expected to take place later this year, [...]
Richard Sharp resigns as BBC chairman over breach of appointment rules April 28, 2023 Richard Sharp has resigned as BBC chairman after conceding a report found he breached the governance code for public appointments. He announced on Friday morning that he will stand down at the end of June after reading the findings of barrister Adam Heppinstall KC’s review into his appointment, which has just been published. The report [...]
Deutsche Bank to buy British stockbroker Numis for £410m April 28, 2023 Deutsche Bank said on Friday it had agreed to buy Numis Corp, a London-based institutional stockbroker and corporate adviser, for about 410 million pounds ($511.2 million) as the German company deepens links with the UK corporate client segment. The 350 pence-per-share, all-cash offer represents a premium of 72 per cent to Numis stock’s Thursday close. [...]
WANdisco confirms falsified orders linked to one employee April 28, 2023 An investigation into the beleaguered tech firm WANdisco has found that falsified accounts can be traced back to one senior sales employee, the company said on Friday. The Sheffield-based data company said the investigation — carried out by advisory firm, FRP Advisory — found that falsified purchase orders associated with the senior employee in question [...]