UniCredit wins ECB approval to take control of Commerzbank, targets year-end takeover
Andrea Orcel-led Italian banking giant UniCredit has received authorisation from the European Central Bank (ECB) to take control of Commerzbank. The…
Author: Team Invest50
BlackRock profit jumps 38% as asset manager attracts USD 205 billion in quarterly inflows
While BlackRock’s adjusted earnings per share climbed 38%, revenue rose to USD 7.8 billion, beating analysts’ consensus estimate of USD…
UAE wealth to hit USD 6 trillion by 2030 despite Iran war jitters, says BCG report
BCG expects the number of ultra-rich residents to climb to 800 as property, financial assets and cross-border wealth underpin the…
Visa gets Beijing’s green light after 40-year wait to crack China
While Visa gets preliminary approval to enter a USD 143.9 trillion market dominated by UnionPay and mobile wallets, a final…
Forbes Middle East Fintech 50: UAE leads ranking with 15 firms
Gulf fintechs processed more than USD 260 billion in 2025, with Saudi Arabia and Egypt following the Emirates in a…
Greece plans 10% tax on crypto gains as Europe tightens digital asset rules
The legislation is expected to be submitted to parliament in November, with the government aiming for a vote in the…
UniCredit-Commerzbank merger: EU antitrust decision due by November 16
UniCredit’s two-year pursuit of acquiring Commerzbank succeeded in July, as the German lender entered into M&A talks with its Italian…
Florida-based Securitize launches blockchain-based stocks with security entitlements
Securitize Stocks are also expected to trade on the new 24/7 digital trading venue being developed by the New York…
African Union launches own credit rating agency to take on Moody’s, S&P and Fitch
AfCRA opens in Mauritius promising context-driven assessments of sovereign and corporate risk, but it has no ratings and no track…
Goldman CEO David Solomon, top executives set for over USD 500 million in ‘Special Equity Awards’
While Solomon is set to receive over USD 100 million, President John Waldron and three business heads also stand to…