Nubank secures $400m in series G funding; reaches $25bn valuation
Brazilian fintech Nubank has raked in $400m in a series G funding round led by GIC, Whale Rock and Invesco,…
ByMonth: January 2021
TD Bank to shutter 81 retail branches as digital banking grows
Canadian lender TD Bank Group has reportedly decided to permanently close 81 of its retail branches as the Covid-19 pandemic…
JPMorgan invests £500m in UK mortgage lender LendInvest
JPMorgan Chase has invested £500m ($686m) in the mortgage lending business of the UK-based property financing platform LendInvest. The British…
National Australia Bank to acquire digital bank 86 400 for $168.5m
National Australia Bank (NAB) has inked a scheme implementation deal to fully acquire 86 400 Holdings, the holding company of…
Twitter round-up: Chris Gledhill’s tweet on Google’s device lock controller app most popular tweet in Q4 2020
Retail Banker International lists five of the most popular tweets on fintech in Q4 2020 based on data from GlobalData’s…
Commerzbank plans 10,000 job cuts, 340 branch closures by 2024
German lender Commerzbank is planning to make around 10,000 lay-offs and shutter 340 branches by 2024, as part of its…
By
FCA asks banks to rethink 300 branch closures in 2021
The Financial Conduct Authority (FCA), the watchdog that oversees financial firms providing services to consumers, has asked banks to reassess…
By
Switzerland’s EFG International gets regulatory nod to bolster Cyprus presence
Zurich-based private bank EFG International has enhanced its presence in Cyprus as part of its strategy to focus on geographies…