Tag: Banking
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Unlimited Contactless Card Payments on the Horizon
Introduction to Contactless Card Payments Contactless card payments have revolutionized how we conduct transactions in recent years. With the simple tap of a card, users can make quick purchases without the need for cash. As technology evolves, so too do the proposals surrounding these payment methods. Recently, the Financial Conduct Authority (FCA) introduced exciting plans…
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Victor Lee Resigns as CEO of CIMB Singapore: What’s Next?
Introduction In a surprising turn of events, Victor Lee has stepped down from his positions as Chief Executive Officer of CIMB Singapore and Chief Executive of Growth Markets within CIMB Group as of September 9. This announcement has left many in the financial sector questioning the implications of his departure. Background on Victor Lee’s Tenure…
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Snappi: The New Neobank Offering 3% Interest on Deposits
Introduction to Snappi Neobank Snappi is making waves in the financial market as Greece’s first neobank, offering innovative banking solutions that cater to modern users. With a commitment to digital transformation, Snappi stands out by providing services designed to enhance user experience and financial growth. High-Interest Rates on Deposits One of the most attractive features…
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Itaú Unibanco Fires Nearly 1,000 Employees Without Warning
Itaú Unibanco’s Mass Layoffs Explained On Monday, October 8, 2023, Itaú Unibanco, one of Brazil’s largest financial institutions, made headlines by laying off approximately 1,000 employees. These layoffs primarily affected workers in the bank’s technology center (Centro Tecnológico – CT), as well as those in the CEIC and Faria Lima branches. The decision to terminate…
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Monte dei Paschi di Siena Takes Control of Mediobanca
Monte dei Paschi’s Major Milestone In a groundbreaking move, Monte dei Paschi di Siena has successfully taken control of Mediobanca, marking a pivotal chapter in its recent history. The public offer launched aimed at securing a significant share of Mediobanca has seen an overwhelming response, with reported acceptances reaching an impressive 62.3% of the capital.…
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David Blumberg: A Legacy in Israeli Banking
David Blumberg, one of the most esteemed figures in the Israeli banking sector, has passed away at the age of 81. His career spanned several decades during which he made significant contributions to the financial landscape of Israel. A native of Haifa, Blumberg’s journey in the banking world began long before he took on prominent…