March 10, 2020

Plan Bs will get banks thinking about costs

Goldman Sachs’ masters of the universe may be about to swap premium sushi lunches for Greggs sausage rolls. The US investment bank is based in central London but has a backup site in less glamorous Croydon, 11 miles out of town. As coronavirus starts to bite, it might have to use"...

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March 10, 2020

European Central Bank faces high expectations

Economists increasingly hope for intervention from the European Central Bank at a meeting on Thursday, expecting the institution to cushion the impact of the novel coronavirus on the already stuttering eurozone economy.
Faced with the “unknown and unprecedented risk” of"...

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March 5, 2020

Argentina recruits leading banks to help restructure debt...

BUENOS AIRES — The Argentine government recruited three major banks to guide a massive debt restructuring as the country seeks to emerge from an economic crisis, the economy ministry announced Wednesday.

The institutions designated as underwriting banks are the Bank of"...

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March 3, 2020

i2c Expands Presence in Middle East and Africa Due to High...

i2c Inc., a leading provider of payment and open banking technology, today announced it is expanding its presence in the Middle East and Africa (MEA) due to high demand in the region for its solutions. i2c partners with financial institutions, fintechs and governments using its unique i2c agile processing technology and APIs to bring innovative credit, debit, prepaid, and multi-currency solutions to market quickly. To support the growth in MEA, i2c added a General Manager position to its team and is announcing today the appointment of payments industry veteran Aurangzaib Khan to the position. Khan is based in Dubai. Prior to joining i2c, Khan......

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March 2, 2020

Jim McCarthy Joins i2c as President

i2c Inc., a leading provider of payment and open banking technology, today announced the appointment of Jim McCarthy as President of the company. Reporting to i2c CEO and founder Amir Wain, McCarthy is responsible for i2c teams working with clients, partners and prospects. He is based at i2c headquarters in Silicon Valley. McCarthy is an industry veteran with over 20 years of experience in financial services across all stakeholders in the payments and open banking industries. Most recently, he has served as a strategic consultant and advisor to many Silicon Valley fintech startups. At Visa, where McCarthy worked for eighteen years, he held senior......

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February 23, 2020

RAKBank offers free account transfers to any bank in the...

Dubai: RAKBank recently enhanced its current remittance footprint in the Philippines by partnering with BDO Unibank, a full-service universal bank in the Philippines.

The bank’s RAKMoneyTransfer (RMT) services"...

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February 18, 2020

HSBC sets new earnings targets after 2019 profit falls 33%...

HONG KONG/LONDON: HSBC on Tuesday unveiled plans to cut $100 billion in assets, slash its investment bank and restructure in the United States and Europe, as it launched its biggest overhaul in years in a bid to improve returns.
The restructuring announcement comes against the backdrop"...

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February 17, 2020

China to quarantine old bank notes to stop spread of coronavirus...

The new coronavirus has restricted millions of Chinese people to their homes and towns, and now old bank notes are being quarantined.

The government cut off the transfer and allocation of old bank notes across"...

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February 17, 2020

Western Union Launches Worldwide Coronavirus Relief Drive...

(AETOS Wire)-- Today, Western Union (NYSE: WU) a leader in cross-border, cross-currency money movement and payments, and the Western Union Foundation announced a USD $1M global matching challenge to help fight COVID-19 (coronavirus) and for relief in China and other affected countries. The combined Western Union and Western Union Foundation match will be up to USD $500,000. The Western Union Foundation is accepting contributions from Western Union employees, Agents, customers, and the public, across the globe between now and April 14, 2020. The aid will be pledged to local and global NGOs, including Give2Asia and International Medical Corps*......

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February 17, 2020

1.86 Customer Minutes Lost (CML) of Electricity per Year...

Dubai Electricity and Water Authority (DEWA) has achieved a new world record in electricity Customer Minutes Lost (CML) per year. DEWA recorded 1.86 minutes, in Dubai, compared to around 15 minutes recorded by leading electricity companies in the European Union. This is a new addition to"...

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