Europe

Japan’s SMBC sets up private credit fund in Europe

The fund will focus on loan investments to middle market businesses.

BNP Paribas, Ant Int’l ink MOU to enhance cross-border payments

The MOU includes the further development of Ant’s Whale platform.

Alipay+ payments now available in European taxi app FREENOW

Tourists from China, Hong Kong, and Malaysia can use their local e-wallet to pay.

Comarch aims to bridge Asian banks’ innovation with wealth needs

The Polish tech firm is looking to help banks build their wealth management platforms.

Weekly Global News Wrap: Nomura eyes $10b US credit portfolio in 10 years; UBS CEO earned $15.9m

And JPMorgan Chase revamps investment banking and capital markets leadership.

Weekly Global News Wrap: HSBC may receive just $21.7m from Russia sale; 282 US banks at risk

And Japan’s small businesses, homeowners brace for life after the interest rate policy shift.

Weekly Global News Wrap: US banks’ profits down 40%; NYCB loses $5b in deposits

And Greece’s biggest lender optimistic profits will grow through 2026.

SMBC, Jefferies expand investment banking collaboration to EMEA

In 2023, SMBC had raised its ownership of Jefferies to 15%.

Weekly Global News Wrap: Citi to cut 20,000 jobs in two years; Spain’s BBVA expects higher dividend payout

And crypto firms in UK are introducing new risk assessment and profile tests ahead of stricter regulations.

Weekly Global News Wrap: Citi to exit distressed-debt trading business; Korea seeks to fine HSBC, BNP Paribas

And Germany seizes $790m from the bank account of a Russian financial institution.