While the Treasury Department report on “The Future of Money and Payments” was as carefully neutral as ever about the need for and desirability of a digital dollar, a great deal of attention was paid to the topic in the Sept. 16 report, one of...
Today in Europe, the Middle East and Africa (EMEA) news, the European Central Bank (ECB) announces five industry partners that will be involved in a “prototyping exercise” as part of the digital euro project, while Truelayer cuts 10% of its workforce. Amazon, Nexi, Worldline, CaixaBank,...
The European Central Bank (ECB) has selected five companies to be involved in a “prototyping exercise” that will be part of its two-year investigation phase into a digital euro, a central bank digital currency (CBDC) that could be used as an alternative to cash. The...
As European economies seek shelter from inflation, governments across the continent are turning to windfall taxes — aimed at an industry that is perceived to have profited from a sudden increase in income — as a way to fund initiatives and alleviate some of the...
August 23, 2022
As European economies seek shelter from inflation, governments across the continent are turning to windfall taxes — aimed at an industry that is perceived to have profited from a sudden increase in income — as a way to fund initiatives and alleviate some of the pressure from rising prices. Even fiscally conservative governments like that […]
February 22, 2023
Spain’s government expects to raise $6.3 billion from its “windfall tax” on banks and energy companies. With those entities recording record earnings, the tax “is quite a manageable amount given the profit volume which, under no circumstances … can be considered confiscatory, but rather proportionate to these profits,” Budget Minister Maria Jesus Montero said on […]
September 16, 2022
The European Central Bank (ECB) has selected five companies to be involved in a “prototyping exercise” that will be part of its two-year investigation phase into a digital euro, a...
March 03, 2022
The chairman of Spanish global financial services company CaixaBank told an audience that changing customer habits are one of the most complex issues facing banks over the next few years....
December 29, 2021
Spanish insurance firm Mapfre has sold Bankia’s insurance platform to CaixaBank for 571 million euros ($645 million), although the sides noted that an ongoing arbitration process could increase the price,...
