Stay informed with free updates Simply sign up to the Chinese business & finance myFT Digest — delivered directly to your inbox. Four of China’s biggest banks will raise a combined Rmb520bn ($72bn) through share sales to investors including the Ministry of Finance, as Beijing seeks to shore up its vast banking sector against pressing … Read more
I just got an interesting report from Visa produced in late 2024. It is focused upon consumers, and their approach to cross-border payments. The research shows that the cross-border payment market is experiencing explosive growth, fuelled by a surge in international travel, ecommerce, and remittances. Consumers are spending more regularly cross-border than ever before and … Read more
Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations. What Is Zelle? Zelle is a peer-to-peer payment tool that allows users to quickly send money between U.S. bank accounts. Once you enroll your email or U.S. mobile number in Zelle through your mobile … Read more
It’s funny how things go around and come around again. For years, I’ve been bemused why banks cannot merge and be successful across borders. There have been almost zero European bank mergers of any size that are cross-border and the few that exist – Santander, Unicredit, Nordea to name a few – have all found … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Pakistan has scrapped plans for a new tax on banks’ profits on government debt, just days before a critical deadline and following a backlash from lenders. The proposed levy was intended to boost the south … Read more