FINTECH
Monzo Merger?
Monzo, the British digital bank, is contemplating a merger with Lunar, a Denmark digital bank. As Monzo eyes other mergers to expand across Europe.
BANKING
Canada’s Laurentian Bank, Looking for Suitor
The 177 year old Canadian bank, Laurentian Bank, is looking for potential buyers. The ninth-largest lender in Canada, they’re finding it hard to compete with Canada’s other Big Banks and believe a sale to another larger partner will help it compete.
ECONOMY
IMF Bails Out Pakistan
Pakistan had a sigh of relief after the IMF (International Monetary Fund) approved a $3bn bailout to help the country avoid defaulting on its debt obligations. The bailout is addition to TWO other deposits from Saudi Arabia and United Arab Emirates.
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