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…
Coinbase Acquires Cyprus Derivatives License for EU Crypto Expansion
Key Insights Coinbase acquiring Cyprus firm for EU derivatives license to offer futures, options Comes as exchange faces regulatory lawsuit…
FINRA Fines UBS $100k Over Transaction Reporting Failures
Key Insights UBS pays $100k fine for lacking municipal trade fee transparency from 2016-2021 Failed to properly flag 91k no-commission…
Singapore Banks Tightens Customer Checks Following $1.8 Billion Laundering Scandal
Key Insights Singapore banks are implementing stricter client checks due to a $1.8 billion money laundering scandal. Customers are being…
Is the UK Heading Towards a Recession? PMI Plummets to 46.8
Key Insights Is the UK heading towards a recession? UK’s PMI fell to 46.8 in September, its lowest level since…
US National Debt Surpasses $33 Trillion
Key Insights The US national debt has exceeded $33 trillion, marking a historic high, as reported by the Ministry of…
Turkey’s Inflation Reaches Alarming Heights: Surges to 60%
Key Insights Inflation in Turkey has shot up again to almost 60 percent in August. The local currency, the lira,…
Argentina Devalues the Peso by 18% to 350 per Dollar
Key Insights Argentina has devalued the official peso rate by 18%. The Central Bank of the country raised the key…