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Atos staves off bankruptcy, casts wider net for refinancing

CIO Business Intelligence

Atos may have won a few extra months to find a long-term solution to its financial problems after reaching interim agreements with banks, bondholders, and the French government to provide €450 million (US$490 million) in additional liquidity. In 2023, the company made a net loss of €3.4 In 2023, the company made a net loss of €3.4

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Banks Signed a 'Net Zero' Pledge, Then Shoveled Cash at Fossil Fuels

Gizmodo

The world’s most powerful banks have funded fossil fuel projects to the tune of $4.6 trillion in the six years since the Paris Agreement, a new report from a group of NGOs finds. banks—JPMorgan Chase, Citi, Wells Fargo, and Bank of America—all of which have signed… Read more.

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Moonstone Bank, the Washington state bank with ties to FTX, will wind down crypto operations

GeekWire

(Bigstock Image) Moonstone Bank , the digital lender with ties to FTX, announced this week it will wind down plans to offer banking services for industries such as crypto and cannabis. It was acquired in 2020 by FBH Corporation, owned by Jean Chalopin, also the chairman of Bahamas-based Deltec Bank. Its net worth was $5.7

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Senators ask regulators to investigate bank and crypto ties, citing Washington state bank

GeekWire

bank regulators to investigate the ties between the banking industry and cryptocurrency firms including Farmington, Wash.-based based Moonstone Bank. 23 report in the New York Times that revealed how Moonstone received $11.5 Moonstone Bank, formerly known as Farmington State Bank, was acquired in 2020 by FBH.

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Bank downplays ties to FTX sister company in latest fallout from crypto exchange failure

GeekWire

A bank in rural Washington state sought to distance itself from FTX on Tuesday following a report last week detailing its connections to the failed cryptocurrency exchange. The New York Times reported Nov. 23 that FBH, the parent company of Farmington State Bank, received $11.5 Moonstone Bank’s reputation as well.”

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Emirates NBD drives sustainability goals with Microsoft partnership

CIO Business Intelligence

Emirates NBD is one of the first banks in the region to successfully integrate Sustainability Manager in its sustainability journey which will drive efficiencies by engaging on all horizons. It automates manual processes, enabling organizations to efficiently record, report, and reduce their emissions and water or waste impact.

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Remitly revenue climbs 69% to $121M in first earnings report as public company

GeekWire

Seattle-based financial services company Remitly issued its first earnings report since its initial public offering, reporting revenue of $121.2 Remitly’s net loss widened to $13 million for the quarter, from a $2.4 share at the end of trading Wednesday, prior to the earnings report. Remitly CEO Matt Oppenheimer.

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