The initiative supports the COP30 Presidency’s goal of accelerating climate finance for forests and developing economies. Brazil, as host nation, is placing strong emphasis on halting and reversing deforestation and forest degradation by 2030.
BBVA Colombia and IFC are to issue the financial sector’s first biodiversity bond.
ClearToken, a London-based clearing house for global digital assets, has signed up for Nasdaq’s Eqlipse Clearing technology.
The London Stock Exchange Group (LSEG) has sold a 20% stake in its Post Trade Solutions business to a consortium of 11 banks.
Spanish incumbent bank BBVA launched a hostile takeover bid on Thursday to buy out rival Banco Sabadell.
UK fintech Revolut has set its sights on Europe’s fixed income market as the next investment option for its clients.
FE fundinfo, a financial data platform for the asset management industry, has acquired German WealthTech Dericon.
Goldman Sachs is rolling out a Generative AI assistant to its staff in the first stage of a programme that aims to create a bot capable of thinking and acting like a veteran employee.
The Canadian Investment Regulatory Organization (Ciro) says it shut down some of its systems last week after identifying a “cybersecurity threat”.
The main financial regulator in the US has dropped its investigation against a crypto exchange, adding further credence to the notion that there has been a seismic shift in the US’s regulation of decentralised finance (DeFi).
Gamification features such as push notifications and prize draws used by trading apps can increase risk taking among users, according to research from the Financial Conduct Authority.
New York Attorney General Letitia James has filed a lawsuit against crypto firm Gemini and Digital Currency Group for allegedly defrauding nearly quarter of a million investors of more than $1 billion.
The first half of 2024 has seen a dramatic decline in spending within Ireland’s fintech industry, reflecting cautious investor sentiment.
Share prices of Big Tech companies Google and Microsoft shot up on Friday, a result of large investments in artificial intelligence (AI) that led to immediate revenue returns.