Swift exits network provision

Swift, one of the first private networks developed for banks, has decided to subcontract its network.

It is understood that the banking group will finalise contracts with a chosen network provider this week, following a decision ratified at its December board meeting to outsource the network services.

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Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on ItExternal link

Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on It