A recent power outage in Spain and Portugal caught many card users off guard, as electronic payment systems came to a standstill. With businesses unable to process transactions, customers found themselves scrambling for cash, shining a spotlight on the vulnerabilities within the region’s infrastructure.
As we step into January 2025, the UK’s private capital market is navigating a vibrant and challenging macroeconomic landscape. With interest rates on the rise and inflation making its presence felt, investors are rethinking their strategies. They are on a quest for resilience in the face of market fluctuations while skillfully adapting to evolving regulatory changes.
Citi has made the surprising decision to shut down its office on the stunning Spanish coast, a location that was launched just three years ago with the aim of boosting employee work-life balance. This unexpected move sparks a conversation about the true effectiveness of remote work strategies as companies continue to navigate evolving corporate policies.
Spain’s antitrust authority is on the brink of greenlighting BBVA’s acquisition of Sabadell, but not without some necessary adjustments, according to insider sources. This pivotal approval has the potential to transform the Spanish banking scene, paving the way for greater consolidation in response to mounting competitive challenges.
At Finovate Global Brazil, industry leaders gathered to dive into cutting-edge debt management solutions and the surging trend of Buy Now, Pay Later (BNPL) schemes. The event also highlighted exciting initiatives aimed at boosting Bitcoin reserves in a fast-changing financial landscape.
EY UK is dedicated to “Building a Better Working World” by delivering innovative solutions and insights that drive growth and sustainability. The firm’s commitment to collaboration empowers businesses to tackle challenges and seize opportunities in today’s dynamic landscape.
UK’s Hargreaves Lansdown announced the departure of its Chief Financial Officer, sparking speculation about future leadership changes. The decision comes as the investment platform faces evolving market challenges and seeks strategic growth.
Crypto.com has successfully obtained its Virtual Asset Service Provider (VASP) registration in Argentina, a significant move that enhances its operational footprint in the Latin American market. This development aligns with the platform’s global expansion strategy.
The Chair of the UK’s Payment Systems Regulator has described the potential abolition of certain regulations as a “pragmatic next step.” This move aims to streamline payment processes and enhance innovation within the sector, signaling a shift towards modernized financial systems.
Spain’s second largest bank has reportedly received approval to offer trading services for Bitcoin and Ether. This move marks a significant step in the country’s growing acceptance of cryptocurrencies, potentially expanding access for investors and enhancing the digital asset market.
BBVA has announced it will provide Bitcoin and Ether trading and custody services in Spain, expanding its digital asset offerings. This move positions the bank as a key player in the cryptocurrency market, catering to growing consumer interest in digital currencies.
BBVA has received regulatory approval to offer cryptocurrency services in Spain, marking a significant step in the bank’s digital strategy. This move underscores the growing acceptance of digital currencies within traditional banking frameworks.
Lloyds Banking Group has decided to relocate skilled IT roles from the UK to India, according to a report by the Financial Times. This move aims to enhance efficiency and reduce costs, reflecting a broader trend in the banking sector towards offshoring.
Japan’s prosecutors are set to pursue penalties against former executives of SMBC Nikko Securities for alleged misconduct. This move highlights ongoing scrutiny within the financial sector as authorities crack down on corporate malpractices.
