Gulf International Bank

Bitcoin and Crypto

Mastercard | December 10, 2021

As interest in cryptocurrency and digital assets continues to rise, a new cohort will join the Mastercard Start Path Crypto startup engagement program dedicated to exploring and solving real world problems for people and businesses around the world using blockchain technology. Mastercard announced today the five new startups joining the program are Ava Labs, Envel, Kash, LVL, and NiftyKey. Through this program and across the entire Mastercard Developers portfolio, the company prov...

Financial Management

Wells Fargo and HSBC Holdings plc | November 18, 2022

Wells Fargo & Company (NYSE: WFC) and HSBC Bank plc today announced that the blockchain-based solution they are using for bilateral FX settlements is expanding to include the offshore yuan (CNH). The offshore yuan marks the fifth currency to be settled between the two banks using a shared settlement ledger that currently encompasses the U.S. dollar, Canadian dollar, British pound sterling, and the euro. Since launching the shared DLT solution in December 2021, HSBC and Wells Fargo have settl...

Financial Management

PRA Group, Inc. | April 05, 2022

PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, announced today that on April 1, 2022, it completed the refinancing of its European credit facilities. This refinancing includes a new $800 million UK credit facility and an amended and resized $750 million credit facility covering the rest of Europe, excluding the UK. The new UK facility includes a diverse group of both new and existing lenders that participate in both the North American...

Hightower Advisors | August 11, 2020

Hightower today announced it has made a strategic investment in Teak Tree Capital Management, a $600 million advisory business in Fort Worth, Texas, that specializes in financial planning and research-driven investment strategies designed to protect and grow wealth. Founded in 2009, Teak Tree has seven employees, including three advisors, serving entrepreneurs, business professionals, and multi-generational families. Teak Tree’s mission is to educate clients, organize and simplify th...