Revolut to Expand French Operations with 200 New Hires
UK-based fintech Revolut announced plans to hire 200 additional employees in France to support its ongoing European expansion efforts.
Sophie Renard
SoftBank commits €75 billion to build Europe’s largest AI facility in France
SoftBank Group announced a €75 billion investment to construct Europe’s largest AI facility in France, positioning France as a key hub in Masayoshi Son’s global artificial intelligence expansion strategy.
Société Générale Chair Lorenzo Bini Smaghi Steps Down After Decade-Long Tenure
Lorenzo Bini Smaghi, former Chair of Société Générale, has stepped down after leading the bank for over a decade. He highlighted improvements in governance and a 60% increase in share price during his tenure, while indicating that restructuring efforts continue and significant deals are anticipated.
ING Deploys ‘Vibe Coding’ AI to Build New Trading Systems for Currency and Credit Markets
ING Groep NV is implementing ‘vibe coding’ artificial intelligence technology to develop new electronic trading systems for currency and credit markets, representing the bank’s latest strategic use of AI to enhance its competitive position against larger financial institutions.
Prosus Seeks EU Waiver on Delivery Hero Share Divestiture Requirement
Prosus NV has requested that the European Union remove the mandatory divestiture requirement of its shares in Delivery Hero SE, which was imposed as a condition for approving Prosus’s acquisition of another delivery platform under EU antitrust rules.
Eutelsat Shares Rally on SpaceX IPO Momentum, Lifting Satellite Sector
Eutelsat Communications shares experienced their best week in nearly a year following enthusiasm over SpaceX’s anticipated IPO, which triggered broader investor interest in the satellite communications sector.