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Judge orders Ripple to pay $125m penalty

/crypto

Judge orders Ripple to pay $125m penalty

Ripple has been ordered by a US judge to pay the Securities and Exchange Commission $125 million in penalties for improperly selling its XRP token to institutional investors.

Tencent dumps stake in UK fintech Tide

/wholesale

Tencent dumps stake in UK fintech Tide

Chinese tech giant Tencent has sold its 14% stake in British business banking platform Tide, according to the Telegraph.

Standard Chartered links interest rates and fees to clients' ESG performance

/sustainable

Standard Chartered links interest rates and fees to clients' ESG performance

Standard Chartered has launched a new ESG-linked Cash Account for corporate banking clients that rewards them for meeting material environmental, social and governance related targets.

Amazon and Barclays launch co-branded credit card

/payments

Amazon and Barclays launch co-branded credit card

Amazon and Barclays have come together to launch a perks-loaded co-branded credit card in the UK.

HSBC pledges to retain branch numbers

/retail

HSBC pledges to retain branch numbers

HSBC has pledged not to close any more branches until at least 2026 amid politcal and regulatory pressure to maintain access to cash on UK high streets.

Kfw selects Boerse Stuttgart for issuance of blockchain-based digital bond

/crypto

Kfw selects Boerse Stuttgart for issuance of blockchain-based digital bond

German development bank KfW has selected Boerse Stuttgart Digital as infrastructure partner for its new blockchain-based digital bond.

Techstars cuts staff as JP Morgan-backed programme ends

/startups

Techstars cuts staff as JP Morgan-backed programme ends

Startup accelerator Techstars is cutting its workforce by 17% and killing off its $80 million JP Morgan-backed Advancing Cities programme.

Payoneer buys payroll firm Skuad

/payments

Payoneer buys payroll firm Skuad

Cross-border payments firm Payoneer has acquired Singapore-based workforce and payroll management outfit Skuad for $61 million in cash.

CFTC orders FTX to pay customers $12.7 billion

/crypto

CFTC orders FTX to pay customers $12.7 billion

FTX has been ordered by the Commodity Futures Trading Commission (CFTC) to pay $12.7 billion to FTX customers and victims of its fraud, the largest recovery in CFTC history.

Sustainable Finance Live 2024: The impact of biodiversity in the Nordics

/sustainable

Sustainable Finance Live 2024: The impact of biodiversity in the Nordics

Leading up to Sustainable Finance Live 2024, that will be taking place on 8 October at Events@No6 in London, Richard Peers, founder of ResponsibleRisk and keynote speaker at the event, conducted an interview with FinextraTV on the impact of biodiversity in the Nordics.

ClearBank secures Dutch banking license

/retail

ClearBank secures Dutch banking license

British bank ClearBank has secured its European banking license from the European Central Bank, under supervision of De Nederlandsche Bank.

NerdWallet cuts workforce by 15%

/retail

NerdWallet cuts workforce by 15%

US personal finance outfit NerdWallet is reducing the size of its 730-strong full-time workforce by about 15% as part of a restructuring plan to slash operating expenses.

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