Finance in Motion

T Bank | May 13, 2020

T Bank announced that it has received approval from the U.S. Small Business Administration (SBA) to fund over $100 million in loans through the SBA's Paycheck Protection Program (PPP). T Bank has helped more than 1,000 borrowers secure PPP loan approval...

INVESTMENT MANAGEMENT

Wells Fargo & Company | December 14, 2021

Wells Fargo & Company (NYSE: WFC) and HSBC Bank plc today announced an agreement to use a blockchain-based solution for the netting and settlement of matched foreign exchange (FX) transactions. Through this agreement, Wells Fargo and HSBC will jointly use a shared settlement ledger to process US dollar, Canadian dollar, British pound sterling and Euro transactions with plans to extend the platform to settle additional currencies in the near future. Utilizing blockchain technology, this solut...

FUNDING

Circle | June 01, 2021

Circle has today announced that it has secured $440 million in funding from major institutional and strategic investors, a worldwide financial technology company offering payments and treasury infrastructure for Internet businesses. The funding is the source of continuous growth, organisational development and expansion potential for the firm among the top ten in private fintech investments. As a Chief Strategy Officer, and Head of Global Policy (CSO), Jeremy Fox-Geen, Chief Finan...

Wall Street | March 31, 2020

Wall Street’s slide deepened on Tuesday, with the S&P 500 was set for its worst first quarter since 1938 on growing evidence of a largescale corporate damage from the coronavirus pandemic as well as a near collapse in oil prices. The benchmark index was tracking its biggest quarterly decline since the 2008 financial crisis, losing more than $5 trillion in market value, as the health crisis worsened in the United States and brought business activity to a standstill. Real estate stocks. ...