RBC Buys HSBC Canada

CRYPTOCURRENCY

Starling Bank says, “No Bitcoin for you!”

More setbacks for cryptocurrencies, as Starling Bank joins other institutions such as Lloyds, Barclays, and RBS to restrict crypto activity (most likely in the wake of the FTX debacle and another crypto business, BlockFi files for bankruptcy).

It shouldn’t be surprising to anyone, since cryptocurrencies are currently even wilder than the Wild West.


BANKING

RBC Buys HSBC Canada

The Royal Bank of Canada (RBC) is one of Canada’s largest banks, and now it’s even bigger.

For the price of $13.5B, RBC is purchasing HSBC Canada’s operations as HSBC focuses on more profitable regions.


FINTECH

Wise is Scaling Up

Fintech payments firm, Wise, is doing quite well as revenue increased 55% in recent months. Along with the increase in revenue, Wise has increased their headcount by 43% to help with the growth.

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