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11.03.26 - 22:15
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Banks evacuate, close offices in Qatar, Dubai after Iran threatens attacks (The Hill)
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Several banks urged their employees to evacuate offices in Qatar and the United Arab Emirates on Wednesday as Iran threatens to launch strikes on financial institutions. HSBC has closed all its branches in Qatar until further notice, citing safety precautions in a text message sent to clients, Reuters reported. Citigroup and Standard Chartered also told......
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11.03.26 - 17:24
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British fintech Revolut gets full banking licence (The Guardian)
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Group lodged application in 2021 but had to overcome accounting issues and reputational concernsRevolut can finally launch as a fully-fledged UK bank after a five-year wait for regulatory approval.The fintech said it has received the all-clear from the Prudential Regulation Authority (PRA) for a full banking licence, allowing it to offer accounts for retail and business customers. Continue reading......
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11.03.26 - 14:12
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Circle CEO on Why Stablecoins Are Replacing Banks (Bloomberg)
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Jeremy Allaire, co-founder, chairman, and CEO of Circle, said stablecoins are a superior alternative to traditional banking for moving money, offering faster, cheaper, and more direct transactions with fewer intermediaries, as seen in markets like Turkey. He's on this week's episode of The David Rubenstein Show: Peer to Peer Conversations. This interview was recorded January 15 at the Economic Club of Washington, DC. (Source: Bloomberg)...
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11.03.26 - 12:57
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Insurance As A Weapon: How The Strait Of Hormuz Shapes Global Power And Energy Markets (ZeroHedge)
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Insurance As A Weapon: How The Strait Of Hormuz Shapes Global Power And Energy Markets
Submitted by Thomas Kolbe
War is raging in Iran. Amid the fog of propaganda, it is increasingly difficult to separate fact from fiction, to distinguish AI-generated material from actual bomb strikes, and to see behind the carefully woven veil of media spin and national interests. Yet, we attempt here to make sense of the latest moves on the geopolitical chessboard.
One immediate consequence of the Strait of Hormuz blockade is a fatal ripple effect in the energy sector. Companies such as QatarEnergy are forced to reduce gas and oil production. Refineries are shutting down, and tankers can no longer transport output. The physical logistics of the energy market are faltering – with consequences far beyond the region.
Markets are responding nervously. Both spot and futures prices continue to climb. At the close of New York trading, WTI crude stood at around $93 per barrel, nearly a twenty percent increase sinc...
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11.03.26 - 11:18
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Schufa: Welche Banken den neuen Score einsetzen (Manager-Magazin)
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Wohl kein Unternehmen sammelt so viele sensible Daten über die Deutschen wie die Schufa. Ab nächster Woche will Chefin Tanja Birkholz die Kreditwürdigkeit mit einem neuen Score nachvollziehbarer bewerten. Einige Banken sind von Anfang an dabei....
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