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Bank of America to grow corporate cash management through a new tool

Bank of America to grow corporate cash management through a new tool

Bank of America will roll out a new cash management tool to US-based clients to gain market share in the $300 billion cash management business for multi-national corporations. Transaction banking&mda... Read more

An $86B dividend payout threatens to drive the yuan lower

An $86B dividend payout threatens to drive the yuan lower

Having dropped by most on record in offshore trade last month, China’s Yuan is now facing the threat of selling pressure from the country’s companies. According to Bloomberg’s data,... Read more

IBM Chairman elected to New York’s Federal Reserve Bank’s board of directors

IBM Chairman elected to New York’s Federal Reserve Bank’s board of directors

The Federal Reserve Bank of New York elected the Chairman and CEO of IBM, Arvind Krishna, to the Board of Directors. The New York’s Fed said that Krishna was elected as a Class B director to re... Read more

SocGen sells Rosbank to billionaire Potanin’s Interros, to exit Russia

SocGen sells Rosbank to billionaire Potanin’s Interros, to exit Russia

French bank Societe Generale SA will endure a loss of nearly 3 billion euros ($3.3 billion) after agreeing to sell its Roskbank PJSC to Interros Capital, a firm linked to Russian billionaire Vladimir ... Read more

President Biden seeks minimum tax on billionaires as part of 2023 budget

President Biden seeks minimum tax on billionaires as part of 2023 budget

According to a released U.S.White House budget office fact sheet, U. S. president Joe Biden intends to introduce a minimum tax of 20% on households worth more than $100 million and cut projected budge... Read more

Warren Buffet’s Berkshire Hathaway to purchase insurance firm Alleghany for $11.6B

Warren Buffet’s Berkshire Hathaway to purchase insurance firm Alleghany for $11.6B

Berkshire Hathaway announced it had agreed to buy insurance company Alleghany for $11.6 billion, at $848.02 per share, in cash, as 91-year old Warren Buffet returns to deal-making after a hiatus in re... Read more

Nigeria’s Flutterwave raises $250M, reaches $3B valuation

Nigeria’s Flutterwave raises $250M, reaches $3B valuation

Africa-focused Nigeria-based fintech firm Flutterwave raised $250 million on Wednesday in its single-biggest funding round to date, valuing the fintech startup at more than $3 billion, as it targets a... Read more


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