In today’s FinTech news, Colombian short-term lender RapiCredit is looking to grow across Brazil and the Caribbean, while the LendingClub puts crypto on the backburner to tackle more traditional growth. M&T Bank wants to make digital banks accountable to the same regulations other financial institutions...
In today’s top Europe, Middle East and Africa news, count China out of joining the West’s sanctions against Russia for its war on Ukraine, and the U.K.’s advertising regulator has pulled an ad by crypto company Floki Inu for an alleged breach of advertising standards....
The Russian central bank said Wednesday (March 2) that it will host daily 3 trillion rouble ($28.31 billion) repossession and deposit auctions to help lending institutions across the country “manage their liquidity and keep overnight money-market rates close to its key rate,” according to a...
Colombia-based, short-term lending startup RapiCredit is in talks with business groups in Brazil and the Caribbean about expanding into those regions, The Rio Times reported Wednesday (March 2). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The European Union might trim seven Russian banks from SWIFT, the international messaging system used to process payments, according to documents seen by POLITICO Tuesday (March 1). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
China is opposed to unilateral financial sanctions against Russia and will not join Western countries in imposing them, the head of the country’s banking and insurance regulator says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
No matter the vertical, the world in which enterprises operate is ever more complicated. Supply chains are constrained. Interest rates are volatile. And currencies gyrate wildly against one another on the threat that the current Russia-Ukraine conflagration might escalate and spread. Get the Full Story...
The multibillion-pound sale of U.K. drugstore Boots has been derailed after a possible buyer walked away and several bidders raised concerns about financing a deal in the midst of Russia’s invasion into Ukraine, Financial Times reported Tuesday (March 1). Get the Full Story Complete the...
The CEO of Austria’s Raiffeisen Bank, which has seen its market price halved in the last few weeks because it had a lot of exposure to Russia, doesn’t plan to pull out of the country in the wake of the recent war, Financial Times reported...