20

Jan

Stockholm-based Tink secures €90 million to expand its open banking platform further across Europe

Today the Swedish startup Tink announces it has completed a €90 million investment round, co-led by Dawn Capital, HMI Capital and Insight Partners. Tink, founded in 2012, is one of Europe’s leading open banking platforms that enables banks, fintechs and startups to use data to develop smart, personalised and “delightful” financial services. Through one API, Tink allows […]

20

Jan

Why banks are bowing out of Europe’s bond markets

Ultra-low interest rates and reduced trading profits are taking their toll on the banks that play a pivotal role in Europe’s sovereign debt markets. At the end of December, UBS withdrew as a “primary dealer” in the Irish debt market, a move that extends a deeper industry decline and leaves the €8.3tn EU market increasingly dependent on[…]

20

Jan

Credit Suisse admits second executive was followed by private detectives

An extraordinary corporate espionage scandal has deepened at Credit Suisse after the Swiss bank admitted a second executive had been tracked by private detectives. The bank has confirmed that its former head of human resources Peter Goerke was followed for “several days” in February this year by private detectives hired on behalf of the bank. This follows[…]

20

Jan

2020 will be the year of a historic market surge, Medley Global predicts

Medley Global Advisors’ Ben Emons expects the market to break out in 2020. But his forecast doesn’t apply to the next few months. Despite this week’s strong market gains, the firm’s managing director of global macro strategy predicts uncertainty over the U.S.-China trade war and Brexit will prevail and continue to rock stocks. “We’re dealing with a[…]