Month: August 2021

Testing the water: UK shared bank branch pilots

Testing the water: UK shared bank branch pilots

The acceleration in the closure of bank branches as a result of Covid-19 has been well documented, as banks step up cost-cutting drives and customers shift to digital services. More than 4000 bank and building society branches have closed in the UK over the past six years, according to consumer group Which. There remains, however, … Read more

Elon Musk, currently the second richest person in the world

Who wants to be a trillionaire?

Elon Musk, currently the second richest person in the world&nbsp Author: Selwyn Parker August 27, 2021 It wasn’t so long ago that a billionaire was considered to be unimaginably rich. But as new industries emerge in the digital age, billionaires have become almost two a penny and bets are being made on when we will … Read more

Asian banks ramp up regional expansion drives

Asian banks ramp up regional expansion drives

Banks in developed Asian economies are increasingly looking to acquire stakes and broaden their franchises in emerging economies around the region, as they contend with saturated local markets, low interest rates and constrained domestic growth prospects. Leading banks in Japan, South Korea and Singapore have stepped up their offshore expansion strategies over the past few … Read more

Roaring 20s for SPACs? | World Finance

Roaring 20s for SPACs? | World Finance

Even for a ‘super-app,’ the announcement was astounding, sending shockwaves through global markets. On April 13, Grab, a Singapore-based tech powerhouse that started as a ride-hailing app and has since branched out into banking, hospitality, insurance and other services, announced that it would join the latest Wall Street frenzy, going public on Nasdaq via a … Read more