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FINASTRA, a financial technology company owned by buyout firm Vista Equity Partners, is exploring a sale of its banking unit for as much as US$7 billion, five people familiar with the matter said on Tuesday (Feb 14).

THE sentiment among chief executive officers has improved in recent months after predictions last year that the US economy was headed towards a possible recession, Goldman Sachs Group chief executive officer David Solomon said.

FINTECH platform iFast Corporation posted an 82 per cent drop in net profit to S$1.3 million for its fourth quarter ended Dec 31, 2022, from S$7.2 million a year ago.

TAURUS, a Swiss firm developing market infrastructure for digital assets, has raised US$65 million in an equity round led by Credit Suisse Group, as bigger financial institutions push on with projects despite the prolonged crypto winter.

GEORGE Soros’s investment firm piled into US corporate bonds as yields on fixed-income securities hit multi-year highs in late 2022.

PAXOS Trust’s move to halt issuing more of the Binance-branded stablecoin BUSD amid pressure from US regulators is trickling down into the world of decentralised finance.

BRITAIN on Tuesday (Feb 14) will set out draft legislation to regulate “buy now pay later” (BNPL) credit, saying the sector posed potential harm to consumers without thorough affordability checks.

JAPAN’S government is expected on Tuesday (Fri 14) to name academic Kazuo Ueda as its pick to become next central bank governor, a surprise choice that could heighten the chance of an end to its unpopular yield control policy.

MOST cryptocurrencies were lower, with the native token of the Binance exchange dropping the most since a November market meltdown, as the regulatory crackdown on the digital-asset sector heats up.

BEING the bridge between China and Asean is a key focus for Green Link Digital Bank (GLDB), said its chairman Geng Jing. GLDB is one of two wholesale digital banks in Singapore, the other being ANext Bank, which caters to commercial customers. GLDB focuses on small and medium-sized enterprises...