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Robinhood raises $1B after trading halts to keep its platform running
After a turbulent week for the stock market and halts to the trading of certain speculative securities including GameStop (GME) and AMC, consumer investing ...
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SEC issues statement on past week’s turbulent market activity prompted by Reddit-fueled GameStop run
The U.S. Securities and Exchange Commission (SEC) has issued an official statement on the tumult of the past week in the public stock market. ...
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Saudi Central Bank Issues the Open Banking Policy
The Saudi Central Bank “SAMA”, announces the issuance of the “Open Banking Policy”, which articulates the main objectives of implementing Open Banking in ...
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Nigerian banks issued N774.28 billion new loans in December 2020
Nigerian banks increased their total loans to the Nigerian economy by N774.28 billion in December 2020. This is according to the information contained ...
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MTN Sues South African Telco Regulator Over Exclusion from 5G Spectrum Allocation
Telco giant, MTN has filed a lawsuit against the Independent Communications Authority of South Africa (ICASA) to challenge its decision classifying the telco ...
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Apple Surpasses $100bn Revenue for the First Time, Facebook Hits $28bn
Apple has reported record-breaking revenue of $111.4 billion in its first fiscal quarter of 2021. The earnings cover the last 3 months of ...
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Wari to begin cross-border remittance in Africa, other continents
Wari, a global digital platform, has offered to strengthen and expand its global network to provide access to money transfer services worldwide. The ...
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UK to start talks with Switzerland on post-Brexit financial services deal
Chancellor Rishi Sunak will today start formal talks with his Swiss counterpart in a bid to broker a new post-Brexit financial services agreement ...
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Stilt, a financial services provider for immigrants, raises $100 million debt facility from Silicon Valley Bank
Stilt, a provider of financial services for immigrants in the United States, announced this week it has raised a $100 million warehouse facility ...
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JP Morgan to launch UK digital bank within months
JP Morgan will launch a digital consumer bank in the UK within months, the Wall Street giant confirmed early this week. The new ...