Marqeta to buy fintech infrastructure start-up Power Finance for $223m
Marqeta, a US-based modern card issuing platform, has agreed to acquire credit card programme management platform Power Finance for a total of $223m in...
UBS reports 23% increase in Q4 2022 net profit to $1.65bn
Swiss investment bank UBS has reported a net profit of $1.65bn for the fourth quarter ended 31 December 2022, a 23% increase compared to...
A Slight Interest Rate Hike But More Coming- US Fed Reserve
The US Federal Reserve increased its target interest rate percentage point quarter on February 1 and yet continued to promise an ongoing surge in...
Rising Interest Rates May Significantly Sting European Banks
A surge in the cost of borrowing is a much-needed lift for the already troubled banks in Europe, but it does come with a...
A $12 Billion Borrowing Planned By Saudi Arabia In 2023
As per the Saudi Press Agency, the country is planning to borrow $12.9 billion this year. Mohammed bin Abdullah Al-Jadaan, the country’s foreign minister,...
EU Financial Services Aims To Give Investors Value For Money
A likely ban on bank commissions to financial advisers who are in the business of selling their products can very well be a part...
BENEFIT and JoPACC sign MoU to support key financial initiatives
BENEFIT, an electronic financial transactions services company, signed a Memorandum of Understanding with the Jordanian Payment and Clearing Systems Company (JoPACC).
The key focus of...
New Dollar Bonds Worth $20 Billion Ordered By Saudi Arabia
For its first Eurobond sale of the year, Saudi Arabia has attracted more than $20 billion in investor orders for a triple-tranche dollar bond.
The...
EU financial services chief wants investment sales incentives banned
According to Mairead McGuinness, the head of the European Union's financial services, a restriction on inducements for advocating sales of financial goods could reduce...
Duck Creek to acquire a modern payments platform, Imburse Payments
Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) insurance, announced a definitive agreement to acquire Imburse Payments,...