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The Russian bank, the Bruce Willis ad and the $900m sanctions battle

TheGuardian

Ministers warned that millions owed after alleged fraud by ex bosses of National Bank Trust could help fund Putin’s war effort In one of Russia’s most high-profile marketing campaigns, film star Bruce Willis appeared in cinematic advertisements with a car chase and a rooftop rescue, ending with the slogan, “Trust is just like me, but a bank.”

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Report: Digital Lender SoFi Eyes IPO Via SPAC

PYMNTS

Social Finance (SoFi), a San Francisco-based online lending startup, is holding talks about selling to a blank-check acquisition company, Reuters reported, to help it debut on the stock market. Office of the Comptroller of the Currency for its application for a national bank charter. SoFi was valued at $4.8

Report 269
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Re-Examining The Role Of Correspondent Banking

PYMNTS

The Bank for International Settlements (BIS) said in a recent report that the number of correspondent banks — where banks and financial institutions (and domestic payment systems) are linked together — slipped 3 percent in 2019 vs. 2018 and declined a significant 22 percent from 2011 to 2019. A Reduction In The Number Of Corridors .

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How Singapore Is Fueling A ‘Smart Nation’

PYMNTS

Singapore is on a mission to build up a Smart Nation by utilizing innovation and technology to create opportunities and strengthen communities. Between 2011 and 2015, the government allocated $16 billion to help accelerate Singapore’s research, innovation and enterprise landscape. With an estimated population of just 5.47

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China May Move To Ban Bitcoin Mining

PYMNTS

According to a report in Reuters , citing China’s state planner, the National Development and Reform Commission, the agency is facing mounting pressure from the government to control the cryptocurrency market and as a result, may move to ban bitcoin mining. The list was first made back in 2011, noted the report.

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24 Big European Banks Take On Visa, Mastercard With Their Own Payment System

PYMNTS

In 2011, PYMNTS reported on the Monnet Project , where two dozen European banks from seven countries considered starting a new European card system. This is not the first time that European banks have tried such a model.

System 327
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China’s Recommerce Market Heats Up

PYMNTS

The recommerce trend is sweeping not just the nation, but perhaps the world. Alibaba initially launched Xianyu in 2011 under a different name, and it received its current moniker in 2014. Despite the fact that these two players carry 90 percent of the market, that may not last forever. Small Players May Make Gains.

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