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The forint is getting increasingly worse, falling to 365.
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The forint is getting increasingly worse, falling to 365.

The forint’s trading on Thursday initially stabilized, but the exchange rate weakened throughout the day due to the international mood and expectations regarding US labor market data. Important factors include the US-Iran negotiations, the price of oil, and expected interest rate changes by the Japanese and US central banks. The KSH’s unfavorable industrial and retail data also affected the forint, while demand for Hungarian government bonds remained stable.

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It's becoming increasingly difficult to get into the ranks of the wealthiest Hungarians, here's the latest list. befektetes-bank

It's becoming increasingly difficult to get into the ranks of the wealthiest Hungarians, here's the latest list.

Despite geopolitical risks, falling oil prices, and a strengthening forint, private banking assets in Hungary increased in the first half of the year. According to a Portfolio survey, the total value of private accounts exceeded 136 billion forints by the end of June. OTP Private Banking continues to hold a leading position, while the assets of Concorde and Apelso increased the most. The average value of private accounts increased to nearly 220 million forints, but the sector lost approximately 300 accounts.

Portfolio.hu - Bank
It turned out that OTP could purchase goods at a very good price. befektetes-bank

It turned out that OTP could purchase goods at a very good price.

The most important detail about the largest acquisition in OTP’s history has so far been unknown: how much the bank could pay for Luminor. However, a recent announcement by one of the sellers has left a financial trail that allows us to read much more about the deal’s pricing – and, at first glance, a very favorable picture is emerging for OTP.

Portfolio.hu - Bank
A former successful company is being investigated: a major payment giant could face billions in fines. befektetes-bank

A former successful company is being investigated: a major payment giant could face billions in fines.

PayPal, once a Wall Street favorite and the leader in the digital payments market, has experienced a significant decline in recent years. Apple Pay dominates the American market, while PayPal received a takeover offer of $53 billion from Stripe and Advent International, which would lead to its delisting from the stock exchange. The PayPal board of directors considers the offer of $60.50 per share to be too low, but there is an opportunity for a higher offer.

Portfolio.hu - Bank
A major American bank has made huge investments in artificial intelligence, effectively sidelining its older rival. befektetes-bank

A major American bank has made huge investments in artificial intelligence, effectively sidelining its older rival.

Morgan Stanley became the leading bank on Wall Street in financing investments in artificial intelligence, as new credit and capital structures are flowing into the construction of data centers, amounting to billions of dollars. These financial transactions highlight the extent to which AI is transforming the technology and capital markets, as highlighted in a Financial Times article.

Portfolio.hu - Bank
Finally, a change has come to Revolut bank cards that affects many people. befektetes-bank

Finally, a change has come to Revolut bank cards that affects many people.

Revolut has been expanded with new, gap-filling security features, as well as daily limits (24 hours) for card payments, cash withdrawals, and transfers, in addition to the previous monthly limits, according to Revb.hu. These account-level settings offer significantly more protection against abuse and fraud compared to the previous system.

Portfolio.hu - Bank