Berkshire Hathaway exits Wells Fargo, buys $3bn Citi stake
Billionaire investor Warren Buffet’s Berkshire Hathaway has sold its remaining stake in US banking group Wells Fargo. Wells Fargo has been part…
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CoLG raises fresh funds to accelerate digital development of Recognise Bank
City of London Group (CoLG) has raised £8.7m in new capital for its subsidiary Recognise Bank, which is focused on SMEs in…
Latin American fintech Nomad bags $32m funding
Brazilian fintech Nomad, which allows customers to open a bank account in the US, has raised $32m in the latest funding round. …
South Africa places Ubank under administration
South African authorities have placed Ubank under administration citing concerns related to the bank’s financial metrics and governance. The Minister of Finance…
SeABank looking to divest minority stake to foreign investors
Southeast Asia Commercial Joint Stock Bank (SeABank) is looking to divest a minority stake to foreign investors, Bloomberg has reported.…
Israeli digital bank ONE ZERO taps AU10TIX for customer verification
Israel-based ONE ZERO Digital Bank selected identity management firm AU10TIX to power its customer verification system and know your customer (KYC) platform.…
Ant to expand Singapore team before digital bank launch
Chinese technology giant Ant Group is hiring for 20 new positions in Singapore in a bid to expand operations in…
UniCredit and Citi considering asset swaps for Russian business
Understand the impact of the Ukraine conflict from a cross-sector perspective with the Global Data Executive Briefing: Ukraine Conflict Western banks…