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Latest News

Jet Bank: Albania’s First Online Only Lender Launches With AI-Native Banking Platform

Jet Bank: Albania’s First Online Only Lender Launches With AI-Native Banking Platform

6 hours ago
Sygnum, the Swiss Digital Asset Bank, Secures MiCAR License for EU Expansion: Targeting Private Wealth and Institutional Investors

Swiss digital asset bank Sygnum Wins MiCAR License to Expand into EU: Targeting Private Wealth and Institutional Investors

17 hours ago
Luxembourg Boost: Rothschild & Co Triples Assets Under Management After One Year

Luxembourg Boost: Rothschild & Co Triples Assets Under Management After One Year

2 days ago
Standard Chartered Secures MiCA and EMI Licenses in Luxembourg, Paving Way for European Digital Asset Expansion

Standard Chartered Secures MiCA and EMI Licenses in Luxembourg, Paving Way for European Digital Asset Expansion

2 days ago
Lombard Odier and Alpha Japan Forge Deeper Partnership to Expand Global Asset Management Reach

Lombard Odier and Alpha Japan Forge Deeper Partnership to Expand Global Asset Management Reach

3 days ago
France Real Estate Trends Update: Climate Emerges as a Decisive Factor in Residential Choices

France Real Estate Trends Update: Climate Emerges as a Decisive Factor in Residential Choices

5 days ago

Trending Now

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    Greece Real Estate: Sellers Outnumber Buyers

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    Spain’s Banking Share News: BBVA, Santander, Sabadell, CaixaBank Drop

    Asset Management NewsBankingBanking Share News
    3

    UBS Reshapes Swiss Wealth Management: EMEA Headquarters Move to Middle East Marks Strategic Shift

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    Real Estate News

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      Spain Real Estate: Q3 Sees 8.1% Price Increase  

      2 years ago
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      France Real Estate: Île-de-France Sales Plummet

      2 years ago
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      Greece Real Estate: Sellers Outnumber Buyers

      2 years ago
      0

      Banking News

      • Banking
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        Cash Losing Ground in the EU: A Digital Shift Explore how cash is declining in the Eurozone as digital payments rise, reshaping consumer habits and the future of transactions. In the ever-evolving landscape of monetary transactions within the Eurozone, cash appears to be gradually relinquishing its erstwhile dominance. Despite its continued status as the preferred medium of exchange for many consumers, particularly for minor purchases, the European Central Bank (ECB) has illuminated a discernible shift towards digital payment modalities. Recent analyses reveal that while cash transactions still constitute a significant portion of exchanges, their prevalence is waning. In 2023, a mere 52 percent of transactions were executed in cash, a notable decline from 59 percent in 2022 and a staggering 72 percent in 2019. This trend underscores a broader societal pivot towards the convenience and efficiency of digital payments. Moreover, the ascendancy of card payments is equally striking, with their share escalating from 25 percent in 2019 to 39 percent in the latest evaluation. This transition is not merely a statistical anomaly; it reflects a profound transformation in consumer behavior and preferences. Interestingly, the decline in cash transactions is not uniform across the Eurozone. While most member states have witnessed a decrease in cash usage, Finland and the Netherlands stand as exceptions, maintaining a more robust engagement with physical currency. Cyprus has experienced the most pronounced drop, with an 11 percentage point decrease in cash transactions, followed closely by Germany, Malta, and Portugal, each recording a 10 percentage point decline. As we navigate this intricate tapestry of financial evolution, one must ponder: is cash truly losing its grip, or is it merely adapting to a new role in an increasingly digital economy? The answer may lie in the delicate balance between tradition and innovation, a dance that will undoubtedly continue to unfold in the years to come.

        Cash Losing Ground in the EU: A Digital Shift

        2 years ago
        0
        Novo Banco Sells Non-performing Loan Portfolio for €30.7 Million  

        Novo Banco Sells Non-performing Loan Portfolio for €30.7 Million  

        2 years ago
        0

        Spain Real Estate Market: Mortgage Signings Jump 61%

        2 years ago
        France Real Estate: 2025 Price Forecasts Unveiled

        France Real Estate: 2025 Price Forecasts Unveiled  

        2 years ago
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        Investing News

        • Investing
          UK’s Investment Platforms Shake Up: Octopus-Backed Seccl Establishes Irish Unit After Rapid Growth

          UK’s Investment Platforms Shake Up: Octopus-Backed Seccl Establishes Irish Unit After Rapid Growth

          7 days ago
          GB Bank Cuts Buy-to-Let Mortgage Rates to 4.69%, Reinforcing Its Position Among UK’s Property Investment Lenders

          GB Bank Cuts Buy-to-Let Mortgage Rates to 4.69%, Reinforcing Its Position Among UK’s Property Investment Lenders

          7 days ago
          US investment manager Balbec Capital acquires UK Property Lender Funding 365

          US investment manager Balbec Capital acquires UK Property Lender Funding 365

          1 week ago
          PostFinance launches first multi-asset ETF for private investors with DWS

          PostFinance launches first multi-asset ETF for private investors with DWS

          1 week ago
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          Wealth Management News

          • Wealth Management
            Sygnum, the Swiss Digital Asset Bank, Secures MiCAR License for EU Expansion: Targeting Private Wealth and Institutional Investors

            Swiss digital asset bank Sygnum Wins MiCAR License to Expand into EU: Targeting Private Wealth and Institutional Investors

            17 hours ago
            Luxembourg Boost: Rothschild & Co Triples Assets Under Management After One Year

            Luxembourg Boost: Rothschild & Co Triples Assets Under Management After One Year

            2 days ago
            Standard Chartered Secures MiCA and EMI Licenses in Luxembourg, Paving Way for European Digital Asset Expansion

            Standard Chartered Secures MiCA and EMI Licenses in Luxembourg, Paving Way for European Digital Asset Expansion

            2 days ago
            Lombard Odier and Alpha Japan Forge Deeper Partnership to Expand Global Asset Management Reach

            Lombard Odier and Alpha Japan Forge Deeper Partnership to Expand Global Asset Management Reach

            3 days ago
            • 1
            • …
            • 21
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            Finance News

            • Finance
              Jet Bank: Albania’s First Online Only Lender Launches With AI-Native Banking Platform

              Jet Bank: Albania’s First Online Only Lender Launches With AI-Native Banking Platform

              6 hours ago
              Luxembourg Boost: Rothschild & Co Triples Assets Under Management After One Year

              Luxembourg Boost: Rothschild & Co Triples Assets Under Management After One Year

              2 days ago
              Standard Chartered Secures MiCA and EMI Licenses in Luxembourg, Paving Way for European Digital Asset Expansion

              Standard Chartered Secures MiCA and EMI Licenses in Luxembourg, Paving Way for European Digital Asset Expansion

              2 days ago
              Lombard Odier and Alpha Japan Forge Deeper Partnership to Expand Global Asset Management Reach

              Lombard Odier and Alpha Japan Forge Deeper Partnership to Expand Global Asset Management Reach

              3 days ago
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              Asset Management News

              • Asset Management News
                Spain’s Banking Share News: BBVA, Santander, Sabadell, CaixaBank Drop

                Spain’s Banking Share News: BBVA, Santander, Sabadell, CaixaBank Drop

                1 year ago
                Swiss National Bank Reports CHF81 Billion Profit

                Swiss National Bank Reports CHF81 Billion Profit

                1 year ago
                Spanish Real Estate Stocks: February Sees 1.81% Decline in Market Value

                Spanish Real Estate Stocks: February Sees 1.81% Decline in Market Value

                1 year ago
                0
                Ofi Invest AM: Gold to Hit $3,000, Silver Up 20%

                Ofi Invest AM: Gold to Hit $3,000, Silver Up 20%

                1 year ago
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                Real Estate Investing News

                • Real Estate Investing News
                  Pictet’s Elevation Fund II Acquires Zurich Marriott Hotel: Strategic Bet on the Swiss Luxury Real Estate Market

                  Pictet’s Elevation Fund II Acquires Zurich Marriott Hotel: Strategic Bet on the Swiss Luxury Real Estate Market

                  2 weeks ago
                  Demand rises: luxury real estate in France hits €40B

                  Demand rises: luxury real estate in France hits €40B

                  2 weeks ago
                  Spain Real Estate Investment Opportunities: Offices, Data Centers, and Flex Living Take the Lead

                  Spain Real Estate Investment Opportunities: Offices, Data Centers, and Flex Living Take the Lead

                  2 weeks ago
                  Luxury Real Estate in Portugal: Safe Haven Demand Soars Amid Middle East Conflict

                  Luxury Real Estate in Portugal: Safe Haven Demand Soars Amid Middle East Conflict

                  3 weeks ago
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                  Banking Share News

                  • Uncategorized
                    Luxembourg Private Banking: Global Gate’s €11.5M Investment in Bemo Europe

                    Luxembourg Private Banking: Global Gate’s €11.5M Investment in Bemo Europe

                    1 week ago
                    Rumors Swirl in Italian Banking Sector: Banco Bpm and Bff Bank in Spotlight

                    Italian Banking Sector Buzz: Banco Bpm, Bff Bank, and Banca Monte Paschi Siena in the Mix

                    2 weeks ago
                    Germany Rejects UniCredit's Offer for Commerzbank Citing Price Concerns

                    Germany Rejects UniCredit’s Offer for Commerzbank Citing Price Concerns

                    2 weeks ago
                    Intesa Sanpaolo Launches Bold €30.6 Billion Bid for Monte dei Paschi di Siena to Cement Italian Banking Leadership

                    Intesa Sanpaolo Launches Bold €30.6 Billion Bid for Monte dei Paschi di Siena to Cement Italian Banking Leadership

                    3 weeks ago
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