European regulators won’t ban bank dividends and share buybacks because of the Ukraine crisis, the Financial Times reported Tuesday (March 15). Instead they’ll be looking to a more relaxed supervisory response. Eurozone lenders are looking at paying tens of billions of euros to shareholders this...
In today’s top Europe, Middle East and Africa news, South Africa’s competition regulator is seeking to prosecute Facebook for abusing its dominance in the social media sector, and the United Kingdom’s National Crime Agency has called for more cryptocurrency rules. Plus British platform Playter has...
The British government on Tuesday (March 15) added 350 new listings under its slate of Russian sanctions and nine new listings under its ongoing list of cybersecurity sanctions, according to a Reuters report. Among those in the latest round of sanctions are Andrey Melnichenko, who...
Financial executives are expressing fears of Russian cyber attacks on SWIFT after several of the country’s biggest banks were removed from the payments messaging system. As The Financial Times reported Tuesday (March 15), a number of senior executives overseeing cyber security at major banks say...
This week in FinTech Ukraine, Dutch entrepreneurs form the People for People Foundation, which is offering Ukrainian refugees shelter and no-cost digital bank accounts. Also, the Ukrainian government has introduced a cryptocurrency donation website. People for People Foundation A trio of Dutch tech entrepreneurs have...
In today’s top Europe, Middle East and Africa news, brand aggregator Flummox raised $12.9 million (€11.8 million), while former Wirecard CEO Markus Braun has been charged with fraud, breach of trust and accounting manipulation. Plus, German express delivery startup Gorillas finalized its purchase of the...
German express delivery startup Gorillas finalized the closing of its first acquisition deal for the French delivery start-up Frichti for undisclosed terms, according to multiple media reports. Founded in 2015 and already profitable, Frichti offers operational efficiency and expertise around the private label and ready-to-eat...
Singapore’s central bank is the latest financial institution to take economic measures against Russia for its invasion of Ukraine, Bloomberg reported Monday (March 14). The Monetary Authority of Singapore (MAS) said in response to the war, the Singapore government has imposed financial measures targeted at...
Perfect storms are gathering in all corners of the globe to roil stocks – no matter where you look. The Dow, and the NASDAQ, have long been shorthand as barometers for how stocks are doing, in general, tied to the world’s largest economy (that would...
