‘Green’ banks face lower repo rates – ECB study
Banks Exposed to Climate Transition Risks Face Higher Repo Market Borrowing Costs A recent study conducted by the European Central Bank (ECB) has concluded that banks with higher exposure to risks associated with climate transition face increased borrowing costs in the repurchase agreement (repo) market. This groundbreaking research, published on January 7, explores the complex […]
Zilch to acquire Lithuania’s Fjord Bank for expansion in Europe
Zilch’s Step towards European Expansion by Acquiring AB Fjord Bank In a recent development in the fintech sector, Zilch, a prominent fintech firm, has confirmed its plans to acquire AB Fjord Bank, a Lithuania-based institution. The deal has been sealed for an undisclosed amount. Details about the Acquisition Fjord Bank, holding approximately $120 million in […]
SEC proposes new ‘small firm’ definition
The Securities and Exchange Commission (SEC) is considering reclassifying more advisory firms as “small entities” in order to better understand how they may be disproportionately impacted by new regulatory burdens. The Proposed Rule Amendment A rule amendment proposed by the SEC aims to redefine a “small entity” among investment advisors as firms with less than […]
Morgan Stanley sells environmental services platform to Blackstone
Blackstone Energy Transition Partners Acquires Alliance Technical Group Blackstone Energy Transition Partners, the energy transition arm of Blackstone, has recently acquired Alliance Technical Group, an environmental testing and compliance services provider, from Morgan Stanley. The acquisition was announced on Tuesday, and neither Blackstone nor Morgan Stanley disclosed the financial terms of the transaction. The sale […]
Dutch neobank Bunq reapplies for a US bank charter
The Amsterdam-based digital bank, Bunq, is reapplying for a U.S. banking charter, a strategic move that could stir the competitive dynamics among European neobanks and fintechs operating in the United States. This comes two years after Bunq withdrew its previous application for a U.S. charter. The Dutch neobank is planning to leverage European Union (E.U.) […]