Europe

Weekly Global News Wrap: JPMorgan Chase to open more branches; EU banks make record payouts

And Portugal’s Novo Banco reportedly exploring potential tie-up with WiZink.

Weekly Global News Wrap: JPMorgan Chase to open more branches; EU banks make record payouts

And Portugal’s Novo Banco reportedly exploring potential tie-up with WiZink.

Japan’s JCB boosts card acceptance in France with FrenchSys partnership

French acquirers need to perform less certification before they can accept JCB cards.

Swiss Fintech Rides High with Fresh Strengths – Time for Onshore Collaboration?

In economic & business cycles, asset prices gyrate from time-to-time. Many fresh opportunities also emerge from these cycles.  

Mizuho launching universal bank in Europe, to close offices in 4 cities

The new bank will be based in Amsterdam, with offices in Frankfurt, Madrid, and Paris.

UBS buys Credit Suisse in “emergency rescue”

The $3.2b acquisition has the full support of Swiss financial regulators, UBS said.

For French fintechs, Asia is a land of opportunities and learning

Compared to Europe, fintechs in Asia have struck a balance with banks, says Bpifrance Deputy CEO Arnaud Caudoux.

Weekly Global News Wrap: Crypto exchange FTX owes $3.1b to creditors; Deutsche ex-trader sues bank for $150m

And Italy’s UniCredit gives German staff bonuses up to 2,500 euros for inflation.