TP ICAP's new institutional credit venue merges Neptune's dealer axe data with Liquidnet's execution infrastructure, promising buy-side firms sharper pre-trade intelligence and reduced spread costs across a $41 trillion global corporate bond market. TP ICAP launched RealQ on 8 June 2026, a dedicated institutional credit trading and data platform that consolidates dealer axe and inventory data with electronic execution workflows for the first time under a single interface. The

By Brad Goad, DXC - Global Head - Banking & Payments, Commercial Lead For most of the past decade, the conversation about banking modernization has been framed as a binary. Either an institution commits to replacing its core, with all the cost, risk, and multi-year disruption that implies, or it accepts that its legacy estate will continue to constrain what it can offer customers, regulators, and counterparties. Neither option has aged well. The wholesale replacements have a

Mercury, the San Francisco fintech that built its business banking platform around venture-backed startups, has closed a $200 million Series D at a $5.2 billion valuation, a 49% markup from the $3.5 billion valuation it carried in March 2025. The round, led by growth investor TCV, lands as Mercury moves toward a national bank charter and positions itself as the default operating account for an AI-driven wave of new company formation. Existing backers Andreessen Horowitz, Coat

JPMorgan Chase opened its Chase digital retail bank in Germany on 20 May 2026, entering continental Europe for the first time with a fee-free savings account paying 4% per annum for four months before reverting to a 2% variable rate. The Chase Germany launch makes Berlin the bank's second European hub after London and pits the world's largest bank by assets, with $4.9 trillion on its balance sheet as of 31 March 2026, against a crowded field of incumbents and digital challeng