UK
Standard Chartered invests in financial tech platform United Fintech
Standard Chartered invests in financial tech platform United Fintech
The bank has been granted board observer rights and a rotational board seat.
Citi ceasing operations in Haiti
The bank said that it will voluntarily surrender its banking license.
Japan’s MUFG invests $5.9m in Hitachi to launch 1,000 e-buses in the UK
The two will make business models enabling operators to clinch EV funding.
StanChart’s SC Ventures invests in sharia fintech Algbra
The amount of investment is undisclosed.
HSBC profit before tax is $30.3b in 2023
But the bank also had a $3b impairment charge related to the Bank of Communications.
Weekly Global News Wrap: UBS shoulders US$388m payment over CS’s Archegos ties; UK to meet with banks on account closures
US authorities tell banks to fix inaccurate financial statements.
Japan’s SMBC Group launches UK commercial banking subsidiary
It’s head office is located at 100 Liverpool Street, London.
Weekly Global News Wrap: Klarna, Block execs calls UK’s planned BNPL regulations “outdated”; Citi’s global FX head to leave
And fintech Boost looks to raise $50m to $100m in possible new funding round.
Weekly Global News Wrap: Grupo Mexico clinches $5b to buy Citi assets; Brazilian banks may set aside $890m for Americanas losses
And the UK lays out plans to regulate cryptocurrency.
Weekly Global News Wrap: BNP Paribas vows to slash oil lending; Bank of America employees awarded restricted stock
And Barclays names ex-Credit Suisse dealmaker as head of investment banking.
Weekly Global News Wrap: Credit Suisse to cut 10% OF EU investment bankers; BOE skeptical over digital pound
And Spain’s BBVA says it will exceed 2021 dividend.
HSBC sells Canadian banking operations to Royal Bank of Canada for $10.1b
The bank expects to generate an estimated pre-tax gain of $5.7b.
HSBC to close 114 branches in the UK
Some of the closing branches serve less than 250 customers a week.
Weekly Global News Wrap: Citi cuts mortgage staff; Banks offer pingpong, free meals in back-to-office push
And UK officials classify $1.27b small business loans as suspected fraud.
Weekly Global News Wrap: HSBC sells Russia business to Expobank; Julius Baer to freeze hiring
And HSBC’s UK unit plans to stop collecting gender data as part of inclusivity push.
Weekly Global News Wrap: US to bar Russian bond payments through US banks; England warns profit hit should banks fail to take climate action
And Barclays identifies material weakness in the internal control process.
Weekly Global News Wrap: Gender pay gap in UK banks at 32.1%; Spain mulls creating consumer protection authority
And over 200,000 globally apply for internships at Goldman Sachs.
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