Visa Closes U.S. Open-Banking Unit, Shifts Focus To Europe And Latin America
The business faced difficulties as major banks like JPMorgan and PNC considered charging fintechs significant fees to use their data. ...
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HSBC Bids To Take Hang Seng Private In $13.6B Deal, Pauses Buybacks
The proposal marks a shift in HSBC’s strategy from cost-cutting to major acquisitions. The bid reportedly values Hang Seng Bank ...
UK Banks Launch Tokenized Deposit Pilots To Test Faster Payments
The initiative is advancing despite Bank of England Governor Andrew Bailey warning that stablecoins could threaten financial stability. Tokenized deposits ...
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