Welcome to Everly.eu’s weekly summary. Let’s see the most important news we have covered during the week in a TOP 5 list!
1st place: Deutsche Bank and UniCredit job cuts push global bank-job cull to 75,000 this year
UniCredit SpA’s announced to eliminate around 8,000 jobs. This is pushing cuts announced by banks this year past 75,000 with most of them in Europe (due to negative interest rates and a slowing economy).
2nd place: Ally Financial will buy CardWorks and it makes a $2.65 billion deal
Auto lender Ally Financial Inc on Tuesday has announced it’s buying subprime lender CardWorks for $2.65 billion. Ally Fin. looks to diversify its consumer product offerings, supported by a growing and low-cost deposit base.
3rd place: Monzo is hiring! And relaunching paid accounts
British digital bank Monzo is a fast-growing business, so it plans to hire up to 500 people and forecasts it will get 5.5 million users this year.
4th place: Mastercard announces first European Cyber Resilience Centre!
Mastercard yesterday announced yesterday it is developing its first European Cyber Resilience Centre, a state-of-the-art cyber and security center in Europe that will drive collaboration between both public and private sectors, as well as regulatory bodies to further support enterprise resilience in the region.
5th place: Coinbase becomes the first “crypto firm” Visa principal member
Coinbase has become the first pure-play cryptocurrency company to receive Visa membership, according to the official press release.
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