Mergers: Commission approves acquisition of Banco Popular Español S.A. by Banco Santander

The European Commission has approved, under the EU Merger Regulation, Banco Santander's proposed acquisition of Banco Popular Español, S.A. The Commission concluded that the transaction would not raise competition concerns in the European Economic Area. Banco Santander and Banco Popular are universal banks, providing commercial, retail investment and wholesale banking services as well as insurance [...]

Humaniq Opens New US Office in Silicon Valley

Humaniq, the Ethereum-based blockchain banking app offering financial inclusion solutions for the unbanked, just opened a new office space in San Francisco, following a successful pre-seed funding campaign that reached nearly 12,000 participants and surpassed $5.2 Million. This development will intensify the capacity of Humaniq to accelerate its global social impact by working alongside leading [...]

Kozminski University: Brexit may Increase Costs of Banking Services

The UK's decision to withdraw from the EU means that a number of banks could pull out of the country due to obstacles to trade and increased costs of operation, scientist warn. "Financial institutions may lose their EU passport as a result of Brexit. So far, many international banks can provide services across the European [...]