Tag: Banking
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The Shuttering of an Open-Banking Unit in the United States
It has been reported that the payments processor Visa has shuttered its open-banking business within the United States. This development has been attributed to...
National Australia Bank Faces Higher Expenses After Payroll Underpayment Discovery Despite Earnings Growth
It was announced that the National Australia Bank had warned its investors of an unexpected rise in its full-year operating expenses after issues were...
Elliott-Backed Banca CF+ Initiates Strategic Merger Bid Amid Ongoing Italian Banking Consolidation
A significant development in Italy’s financial sector unfolded when Banca CF+, a specialty lender backed by Elliott Management, announced the launch of a public...
France’s BPCE to Acquire Portugal’s Novo Banco in €6.4 Billion Cross-Border Banking Deal
A major acquisition agreement has been reached by France’s BPCE to purchase Portugal’s Novo Banco in a transaction valued at €6.4 billion ($7.39 billion)....
Colombia’s Fiscal Rule May Be Loosened as Government Signals Growth Priorities Over Austerity
Colombia’s government, through its finance ministry, has indicated that strict adherence to the nation’s fiscal rule would not be prioritized at the cost of...