UBS Completes Merger with Credit Suisse’s Swiss Unit
Key Insights UBS has completed the merger of UBS Switzerland AG and Credit Suisse (Schweiz) AG, with the latter ceasing…
HSBC Fined $25,000 by CME Over Position Liquidation Rules
Key Insights HSBC Securities (USA) Inc. fined $25,000 by CME Group’s Clearing House Risk Committee (CHRC) HSBC violated CME Rule…
HSBC’s China Unit Rolls Out Digital Yuan Services for Corporate Clients
Key Insights HSBC’s China entity has become the first foreign bank to offer digital yuan services for both retail and…
Revolut Expands to Mexico with New Banking License
Key Insights Revolut has received a banking license in Mexico from the country’s National Banking and Securities Commission The new…
HSBC Australia Fined Over Alleged Consumer Data Disclosure Failures
Key Insights HSBC Bank Australia paid A$33,000 in penalties after the ACCC issued two infringement notices The alleged violations related…
Capital One Set to Acquire Discover in Major Credit Card Deal
Key Insights Capital One in closing talks to acquire credit card issuer Discover Financial per WSJ sources Nearly $80B combined…
Bank of England Holds Rates Steady at 3.5%, Warns of Enduring Inflation
Key Insights Bank of England holds interest rates steady at 3.5% but hints at persistent inflation BoE forecasts show inflation…
Billionaire Joseph Lewis Pleads Guilty in U.S. to Insider Trading Case
Key Insights Billionaire Joseph Lewis pleaded guilty to securities fraud charges related to insider trading in U.S. court. His investment…