Italy’s government to tax banks on profits from interest rate rises
The Italian parliament has 60 days to bring the proposed tax into law.
The Italian parliament has 60 days to bring the proposed tax into law.
The move is part of Block’s plans to reduce brand spending.
The bank has seen its customer count jump from around 123,000 during FY22 to 224,000 at present.
Aspire says its results have set “a new industry standard of sustainable growth”.
Marqeta is undertaking “restructuring actions” in Q2 this year to reduce operating expenses.
The Ohio-based firm says the restructuring support agreement is expected to “significantly” reduce debt.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Joseph Reece joins as chairman of the board with Tim Oliver and David Wilkinson named CEO-designates.
Cover story: EVERYTHING, EVERYWHERE… but is all at once the answer?
Here’s our pick of five of the top news stories from the world of finance and tech this week.
UK-based ClearBank is plotting its European expansion and expects to remain profitable through 2023.
According to The Irish Times, the firm’s liabilities have outstripped its assets by €2.5 million ($2.6m).
Fintech Business Weekly reports the firm is raising $50m at a $1.8bn valuation, a 28% decline in value.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Despite the loss, the firm says it is edging towards profitability thanks to growth in its gross merchandise volume.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Bunq reported a pre-tax profit of €2.3 million over Q4 2022.
Cover story: HAPPY DAZE – Banking for cannabis businesses boosted.
Ordonez will assume the role of CFO once current CFO Michael Levine steps down in March.
Company execs say the layoffs are a result of “reduced marketplace revenue” due to interest rate increases.
Reuters reports the firm outlined a pre-tax loss of $1.2bn for the first nine months of 2022.
Under the new leadership, Temenos says it will focus on SaaS opportunities, including in the US.
Coinbase CEO and co-founder Brian Armstrong says he is “still optimistic about our future and the future of crypto”.
Silvergate Capital’s share value dropped by over 40% in response to the financial results.
The firm says it has generated £45.4 million in revenue since the beginning of this year.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
CRO Erich Gerber, who only joined the company in March, has left the business “effective immediately”.
Canalyst says it wants to be “the new fundamental dataset of record”.
The banking platform suffered from the high costs of doing business during the pandemic.
Vaneet Grewal, Box’s financial services managing director, talks to FinTech Futures.
The fintech lender’s total assets now sit at £3.1 billion.
There is plenty of room for experiments in BNPL, and many customer segments are yet to be addressed.
The bank spent around £1.2bln on tech in 2020, equivalent to the profit it generated for the year.
Asia delivered HSBC a $13 billion adjusted profit before tax in 2020.
All but two are down to property development loans gone bad.
The neobank’s best-performing arm, by a long way, was its NPL unit.
Between last October and December, revenue was up 38%, to $54 million.
2020 set unprecedented records for PayPal, but its 2021 outlook is more conservative.
“Vaccination is the most important economic policy for 2021,” says Botín.
N26’s failed UK expansion cost it a total of €26.9 million.