Deutsche Bank to create new international private bank
Deutsche Bank is gearing up to combine its Wealth Management and Private & Commercial Business International units to form a new international private bank, Yahoo Finance reports. “This exciting combination is the next step in the private bank’s transformation announced last July,” says the bank’s president The bank hopes to target 3.4 million clients through the … Continue reading Deutsche Bank to create new international private bank Continue Reading
As the coronavirus pandemic continues to disrupt everyday life the world over, many consumers want compensation for things they paid for but aren’t able to use. Airlines, in one case, are letting flyers request vouchers or refunds for flights that have been canceled. KLM and Air France have further refined their rules for flight cancellations, according to an announcement. … 
While few industries haven’t been hit hard in some way by the global pandemic and the economic slowdown it has carried in its wake, the cruise industry has seen its fortunes uniquely sunk by COVID-19’s effects on the travel industry. Cruise ships had the unfortunate status of being the site of several early outbreaks, replete … 
A surprising improvement in the jobs market and states reopening for business are combining to lift the spirits of U.S. consumers, according to data from a University of Michigan consumer survey released Friday (June 12). The widely-watched gauge of consumer sentiment posted its biggest gains in four years, showing a jump of 9.1 percent in June over May, … 
Stronger report functions for QBO Accountant and QuickBooks Online have come with a refresh of the accounting software programs in June. A new QuickBooks Desktop Enterprise level, which provides versions tailored to certain verticals as well as assisted payroll, also arrived with the revamp, Accounting Today reported. Updates to the QuickBooks Online and QuickBooks Online Accountant report … 
A pair of Indonesia’s FinTechs plan to merge in a bid to challenge Gojek’s GoPay, sources told Bloomberg. The potential union would unite Ovo, Indonesia’s giant digital payment service that is backed by Singapore’s ride-hailing giant Grab Holdings, along with Dana, Indonesia’s digital wallet platform, an Alibaba Group Holding Ltd. affiliate. If successful, it could catapult Ovo and Dana into … 
Wallex Technologies, a Singapore-based fintech which offers businesses the ability to hold multi-currency wallets, send and accept international payments, and exchange currency, has landed an undisclosed Series A funding round. The fintech is licensed by Indonesia’s and Singapore’s financial regulators The round was led by BAce Capital, alongside Indonesian venture capital firms SMDV and Skystar … 
COVID-19 continues to spread around the planet with now more than 7.3 million reported cases, including over 416,000 deaths, according to the latest data from the Johns Hopkins University. In Southeast Asia, Singapore has one of the highest infection tallies, with more than 38,000 cases. In addition to the human impact, there is also a significant commercial impact … 
Chicago-based investment fintech M1 Finance has raised $33 million in a Series B funding round led by Left Lane Capital. Brian Barnes, M1 Finance CEO Jump Capital and Clocktower Technology Ventures participated in the round, alongside existing investors. M1 Finance, led by CEO Brian Barnes, claims to have accrued more than $1 billion in assets … 
Sberbank, one of Russia’s largest state-owned banks, has partnered with Visa and Russian supermarket chain Azbuka Vkusa to pilot its first ‘Take&Go’ store. Located in Moscow City’s Federation Tower, the unmanned store acts like an Amazon Go store, using artificial intelligence (AI) to let people automatically pay upon leaving the store. The bank says more than …