Bunq, the $1.8 billion European neobank, hopes to secure license for UK expansion this year
PARIS — Dutch digital bank Bunq is hoping it will manage to secure a banking license from U.K. financial regulators later this year or early next year, the firm’s CEO and founder Ali Niknam told CNBC. “I hope we’ll get somewhere by the end of the year, maybe early next year, because the U.K.’s processes […]
Morning Bid: Soaring yields sour sentiment
A look at the day ahead in European and global markets from Kevin Buckland Soaring bond yields continued to unnerve equity investors on Wednesday, with benchmark U.S. Treasuries pushing further above 4.5% in Tokyo hours and their Japanese counterparts hitting levels not seen since 2011. Concerns that stubborn inflation will keep interest rates high for […]
Amazon Pharmacy expands $5 monthly subscription to Medicare patients
Amazon.com (NASDAQ:AMZN)’s pharmacy unit said on Tuesday it is expanding eligibility for its monthly subscription service, which covers a range of generic drugs, to those enrolled in government-backed Medicare insurance plans. Amazon has worked to lure customers away from more established pharmacies like CVS and Walgreens since launching its pharmacy unit in 2020. With the […]