Banking
New York Community Bancorp secures $1bn equity boost following Q4 2023 losses
New York Community Bancorp (NYCB) Raises $1.05 Billion:Equity Capital Raise:NYCB, the parent company of Flagstar Bank, is set to secure $1.05 billion...
Banking
Deutsche Bank to cut 3,500 roles over two years amid €2.5bn savings drive
Deutsche Bank plans to cut approximately 3,500 jobs over the next two years as part of its €2.5 billion operational efficiency program.
The...
Banking
Jack Dorsey’s Block lays off staff across Cash App, Square and foundational teams
Block, a San Francisco-based payment solutions specialist, is implementing job cuts across its Cash App, Square, and foundational teams.
Block CEO Jack Dorsey...
Banking
Citigroup to cut 20,000 jobs over two years after Q4 downturn
Citigroup Job Cuts: Citigroup plans to cut around 20,000 jobs by 2026.
Q4 2023 Performance: In the fourth quarter of 2023, Citigroup reported...
Banking
UK fintech funding fell 63% in 2023, new Tracxn report finds
Funding Decline: Fintech funding in the UK experienced a significant decline for the second consecutive year, dropping by 63% in 2023. The total...
Banking
Monese aims to secure fresh funding after recording £30.5m annual loss for 2022
Monese records £30.5 million loss for 2022, seeks new funding
Generated revenues of £27.7 million, attributing the increase to growth in active customer...
AI
UK financial services firms cautious but keen to adopt GenAI, new survey says
GenAI Adoption in UK Financial Services:70% of UK Finance members are currently piloting generative AI (GenAI) use cases.
Primarily focused on co-pilot...
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