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10 Weekend Reads

Barry Ritholtz

Business Insider ) • UBS Looks Beyond Credit Suisse to Bank Even More Billionaires : The return of CEO Sergio Ermotti and the acquisition of its Swiss rival have the bank doubling down on wealth management and expanding in the US. If the past is any indication, younger generations shouldn’t get their hopes up.

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Pakistan Launches Payment System To Boost Financial Inclusion

PYMNTS

The system was developed over a period of years by a collaboration between the State Bank of Pakistan and the Bill & Melinda Gates Foundation. The Raast system was also supported by the World Bank, Britain and the United Nations. One goal for the company, according to Reuters, is to boost the role of women in the formal economy.

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Bitcoin Daily: Turkey To Test Digital Currency In 2021; Japan Prepares To Issue CBDC; Bitcoin Crests $28,000

PYMNTS

Japan might look into launching its own central bank digital currency (CBDC) in both the public and private sectors, according to a report from Japan Times. While there are no immediate plans, the Bank of Japan (BOJ) will launch a feasibility study on the idea next spring. The exchange will close trading services on Jan.

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Intuit Buys Credit Karma For $7.1B

PYMNTS

Intuit closed a deal to buy Credit Karma for a price tag of $7.1 Consolidation of this kind has been sweeping the financial technology sector as of late, with Intuit’s deal just the latest example. billion to acquire Plaid, which helps fintech companies connect with customers’ bank accounts. billion on Monday (Feb.

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Russia in Ukraine: Let Loose the Dogs of War!

CFO News Room

Slicing the data based on sector yields the following: Against, there are no surprises, with energy being the only sector to post positive returns and with consumer discretionary and technology generating the most negative returns. I have seen no evidence, so far, that this is the case, but that may change.

Economics 130
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ToneTag CEO Sounds Off On Payments At The Speed Of Sound

PYMNTS

FinTech firm ToneTag said earlier this month that it has linked with First Abu Dhabi Bank, the largest bank in the United Arab Emirates (UAE). Through the partnership between ToneTag and First Abu Dhabi Bank, customers of the bank are able to pay using their PayIt app and make the payments from their mobile phone.

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Russia in Ukraine: Let Loose the Dogs of War!

Musings on Markets

Slicing the data based on sector yields the following: Against, there are no surprises, with energy being the only sector to post positive returns and with consumer discretionary and technology generating the most negative returns. I have seen no evidence, so far, that this is the case, but that may change.

Economics 100