Morgan Stanley reportedly set to cut 3,000 jobs by end of Q2
A dearth of deal making is to blame, Bloomberg reports, with a 32% decline in the bank’s merger advisory arm.
News, intelligence and resources on the global fintech industry including topics such as corporate & commercial banking.
A dearth of deal making is to blame, Bloomberg reports, with a 32% decline in the bank’s merger advisory arm.
JP Morgan has assumed all deposits – insured and uninsured – worth approximately $92 billion from the FDIC.
The bank also intends to begin a new share buyback of up to $2 billion.
Sharegain’s SLTech solution allows investors to generate revenue through loaning out their financial assets.
This year’s ceremony will be held on 30 November 2023 at the Royal Lancaster Hotel, London.
Hackett was most recently president of BMO’s wealth management division in the US.
Owners Bank offers checking and savings accounts as well as digital tools for small businesses.
The FDIC says the two portfolios are worth around $27 billion (Signature Bank) and $87 billion (SVB).
Here’s our pick of five of the top news stories from the world of finance and tech this week.
The financial details of the acquisition, expected to close in H1 2023, have not been disclosed.
Take a look at our highlights video from FinovateEurope 2023 in London.
The Bank of England facilitated the deal over the weekend, in consultation with the Treasury.
The new deadline for nominations is now Friday, 24 February 2023. Apply today!
BBVA says the AWS platform “provides greater computing power” to make financial market-related calculations.
The cuts amount to around 6.5% of the total staff headcount at Goldman and less than 3% at BlackRock.
The solution means corporates can now offer business buyers deferred payments at checkout through a single API.
Trovata will host JP Morgan Asset Management’s Morgan Money investing application.
Vantage leverages AI and machine learning to deliver personalised financial services for businesses.
US banking heavyweights will explore the feasibility of a DLT-powered interoperable digital money platform.
Digital banks are setting themselves apart from the incumbents and ushering in a new age in banking.
The facility will support Dwight Funding’s growth and allow it to invest further in its proprietary technology.
“The concept of being broad, with a consumer footprint, is not really playing to our strength,” says CEO.
The new capital takes NorthOne’s total funding raised to date to more than $90 million.
At Sibos 2022, Brim Financial’s Meenaz Sunderji discusses the evolving retail and corporate card landscape.
“We want to be the ecosystem platform provider to power up the Web3 economy,” says HSBC’s Catherine Zhou.
At Sibos 2022, senior bankers discussed the importance of interoperability between payment systems old and new.
Jiko’s solution provides firms access to spendable T-bills.
The transaction is expected to close in the first quarter of 2023, subject to regulatory approvals.
Congratulations to the 2022 finalists!
The ClearTrade solution has been integrated into JP Morgan’s trade processing system.
The partnership will allow the bank’s clients to give their employees access to earned wages before payday.
Maguire will succeed current Truist CFO Daryl Bible following his retirement.
People, projects & products that demonstrated stellar results, genuine innovation and had a tangible impact.
In this episode of the podcast, we’re joined by Kim Symmons, head of design at UK business bank Mettle.
Truist identified the Arena platform as “an investment that will help us deliver better financial experiences”.
BankProv CEO Dave Mansfield says working with Republic will “expand access to new investment opportunities”.
The deadline for nominations for the Banking Tech Awards 2022 is now Friday 19 August.
Klarpay solves one of the biggest challenges faced by digital businesses – access to efficient transactional banking.
The fresh capital takes the bank’s total funding to date up to $160 million.
Here’s our pick of five of the top news stories from the world of finance and tech this week.