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Latest Results from /retail

/retail

Bank of Ireland warns of worrying surge in investment scams

Bank of Ireland is warning of a surge in investment fraud, describing it as the most concerning trend in evolving scam tactics.

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Mastercard to cut around 1000 jobs - Bloomberg

Payments firm Mastercard intends to cut its 33,400-strong workforce by three per cent, according to Bloomberg.

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Revolut hits $45bn valuation in secondary share sale

Revolut has secured a $45 billion valuation in a secondary share sale with new and existing investors.

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Deutsche Bank's Postbank settlement rejected by plaintiffs - Reuters

Deutsche Bank’s settlement offer to shareholders that sued them for underpaying for the Postbank acquisition has been rejected by plaintiffs.

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NatWest added to Texas energy ban

Texas Comptroller Glenn Hegar has added NatWest to its list of financial institutions that they will not be doing business with according to a new Texas law.

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PSR sets out next steps for variable recurring payments in the UK

The UK's Payment Systems Regulator says it will assess the necessity and scope of mandated participation in Phase 1 expansion of Variable Recurring Payments (VRPs) following stakeholder feedback.

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Stablecoin-to-fiat money transfer app Sling Money raises $15m

Sling Money, which combines stablecoin technology with fiat payment rails for instant money transfers, has raised $15 million in Series A funding.

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Klarna takes on banks with new 'account' for storing funds

Klarna is rolling out an "account" where customers can store money and cashback rewards as the Swedish fintech continues to diversify beyond its BNPL roots into more traditional retail banking services.

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UK challenger banks beat incumbents all-hands down in CMA awards

UK challenger banks once again outshone incumbents in the latest annual banking satisfaction survey conducted by the Competition and Markets Authority.

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Science Card opens e-money account for socially-conscious spending

UK fintech Science Card has opened an e-money account to further its goal of supporting scientific projects across health, climate change and tech through customer spending.

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UAE-based fintech Yuze rises $30m

Yuze, a UAE-based, SME-focussed fintech, has raised $30 million from Osten Investments to expand into new markets.

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Keir Starmer and Prince William used in deepfake crypto scam

Crooks are circulating AI-generated deepfake videos of Prince William and UK prime minister Keir Starmer on Facebook and Instagram to dupe viewers into scam cryptocurrency investments.