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Swiss Financial Giant UBS Completes Credit Suisse Merger
UBS has completed its acquisition of Credit Suisse, marking an important moment in the Swiss banking sector under a single and massive…
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European Regulator Cautions Banks On AI Use: Innovation Vs Compliance
The European Securities and Markets Authority (ESMA) has cautioned banks about using artificial intelligence (AI) in their operations in compliance with the…
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UK’s Coventry Building Society Buys Co-operative Bank For $990 Million
UK’s Coventry Building Society has acquired Co-operative Bank for £780 million ($990 million) in cash, Reuters reported. This merger, expected to finalize…
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US Court Rules BitGo’s $100M Suit Against Galaxy Digital Can Proceed
The legal tussle between cryptocurrency custodian BitGo and financial services firm Galaxy Digital over their failed $1.2 billion merger deal will proceed,…
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Apple Engages OpenAI For AI Integration In iOS: Report
Apple is in talks with OpenAI and Google about potential partnerships to bring new AI features to iPhone’s upcoming update, Bloomberg reported.…
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Troubled Lender Republic First Sold By Authorities To Fulton Bank: Report
The Federal Deposit Insurance Corp (FDIC) has facilitated the sale of Republic First Bank to Fulton Bank, according to a report by…
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Morgan Stanley Discloses $270M Spot Bitcoin ETF Holdings
Morgan Stanley recently disclosed substantial holdings in Bitcoin exchange-traded funds (ETFs). As of March 31, the investment bank held nearly $270 million…
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Crypto Lender Genesis To Return $3B In Bankruptcy Liquidation
US court granted Genesis Global approval to return approximately $3 billion in cash and cryptocurrency to its customers as part of bankruptcy…
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US Crypto Market At Crossroads As House Prepares To Vote On Bill
The US House of Representatives is preparing to make a crucial decision regarding cryptocurrency regulation. Representative Patrick McHenry has confirmed that the…
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Bank Of England Considers First Rate Cut Since 2020 Amid Inflation Slowdown: Report
Bank of England (BoE) is preparing for its first interest rate cut since 2020, indicating a potential shift in monetary policy, Reuters…