Welcome to Everly.eu’s weekly roundup. Let’s review the most important news we covered during the week in a TOP 5 list!
1st place: Job cuts at Deutsche Bank and UniCredit push global bank job cuts to 75,000 this year
UniCredit SpA has announced it will cut around 8,000 jobs, bringing the total number of job cuts announced by banks this year to over 75,000, most of them in Europe (due to negative interest rates and a weakening economy).
2nd place: Ally Financial will buy CardWorks in a $2.65 billion deal
Auto lender Ally Financial Inc. said Tuesday it is buying subprime lender CardWorks for $2.65 billion. Ally Fin. is looking to diversify its consumer products offerings, supported by a growing and low-cost deposit base.
3rd place: Monzo is hiring! And introducing paid accounts
British digital bank Monzo is a fast-growing company. It plans to hire up to 500 people and forecasts to gain 5.5 million users this year.
4th place: Mastercard announces first European Cyber Resilience Center!
Mastercard announced yesterday that it is developing its first European Cyber Resilience Centre, a state-of-the-art cyber and security centre in Europe that will drive collaboration between the public and private sectors and regulators to further strengthen the resilience of businesses in the region.
5th place: Coinbase becomes the first major member of the “crypto company” Visa
According to the official press release, Coinbase is the first pure-play cryptocurrency company to receive Visa membership.
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