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French banking group BNP Paribas has agreed to acquire a 22.5% stake in wealth management firm Allfunds for an undisclosed amount. The transaction will involve BNP Paribas Securities
Bank of America Merrill Lynch has introduced an Accounts Payable Optimization solution to address the needs of small and large businesses that face the challenge of choosing the
Bank of America has earned a net income of $5.77bn in the third quarter of this year, a 21% decrease compared to $7.34bn recorded during the second half
The Goldman Sachs Group has reported net earnings of $1.87bn, or $4.79 per diluted share, for the third quarter ended 30 September 2019, a 26% decrease compared to
California-based specialty finance company Redwood Trust has signed an agreement to acquire CoreVest American Finance Lender, a lender to real estate investor, for $490m. As part of the
A group of global financial institutions has created DirectBooks, a new technology platform to streamline connectivity within the primary market. The financial institutions that joined hands in creating
Payments provider Ingenico Group has partnered with Alipay, WeChat Pay and UnionPay to introduce a full suite of payment methods for international ecommerce players in China. The payment
Small business lender BFS Capital has opened a data science and engineering hub in Toronto, Canada, to accelerate the development of digital financial products for small businesses across
The Swiss National Bank (SNB) and the Bank for International Settlements (BIS) have signed an operational agreement on the establishment of BIS Innovation Hub Centre in Switzerland. BIS
British financial services company Legal & General has secured approval from the Financial Conduct Authority (FCA) to launch an advice business for Legal & General Home Finance’s range