UBS breaks banking records, yet thousands to lose their jobs
UBS Group AG posted the biggest quarterly profit among banks in its emergency takeover of Credit Suisse in the Q2 and confirmed it will fully integrate the local business of…
Visa, Mastercard Prepare to Raise Credit-Card Fees
Merchants could end up paying an extra $502 million annually in fees, according to a consulting firm Visa V 0.62%increase; green up pointing triangle and Mastercard MA 1.03%increase; green up…
Twitter X Payments confirmed
Twitter, or X as it is now known, has received the Rhode Island Currency Transmission License, which is required for cryptocurrency trading in the state. The license may allow Twitter…
Grayscale wins case against SEC, Bitcoin reacts
Bitcoin rises 5% amid Grayscale’s victory in its lawsuit against the SEC. A US federal appeals court has ruled that the SEC’s rejection of Grayscale’s application for a spot Bitcoin…
Saudi Arabia’s changing investment plans caused reserves to fall
Saudi Arabia’s foreign reserves fell by more than $16 billion last month as the kingdom allocates less money to its central bank and funnels more into riskier assets. The country…
