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Nordic mobile wallets mega merger blocked by EC
Back in June 2021, Norwegian Vipps, Danish Mobilepay and Finnish Pivo announced that the three mobile wallets would merge. Late...
Acquisitions market: Hits and Misses show FinTech slowing
Its a been a rocky few weeks of late as the bad news surrounding the global economy starts to hit...
UK credit card and consumer borrowing rising at alarming rate
Credit card borrowing in the UK has grown at its fastest pace since 2005 in the 12 months to July,...
Citibank forced to shutter Russian operations after no buyer found
Citibank has been forced to shut down its consumer and local commercial banking operations in Russia after it proved impossible...
Citibank and the $900 million “biggest blunders in banking history”
In August 2020, Citibank mistakenly used its own money to repay a $900 million term loan it administered on behalf...
Russian Central Bank want to eradicate “toxic” foreign currencies from system
The Central Bank of the Russian Federation wants the government to order state companies to convert their foreign-exchange holdings into...
US sanctions Tornado Cash over systematic money laundering
The US has imposed sanctions on Tornado Cash, a crypto “mixing service” that they say has laundered more than $7...
Long Read: Payments regulation and the systemic perimeter
On 20 July 2022, HM Treasury published a consultation and call for evidence on the government’s approach to reforms to the...