US banks clear Federal Reserve’s annual stress test
The Federal Reserve has cleared all major US banks in the annual stress test that shows the lenders will remain resilient in a severe recession. The…
Aninda Chakraborty
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First Bancorp to acquire GrandSouth for $181.1m
First Bancorp has signed a definitive merger agreement to acquire South Carolina-based bank holding company GrandSouth Bancorporation. The all-stock…
Jyske Bank agrees to acquire Handelsbanken’s Danish operations
Danish lender Jyske Bank has signed a binding agreement to acquire Swedish bank Svenska Handelsbanken’s operations in Denmark. The…
Sweden grants deposit licence to TFB Service
The Swedish Financial Supervisory Authority (FI) has granted a key licence to TF Bank’s Swedish subsidiary TFB Service. The…
DBS Bank India buys stake in NBFC Svakarma Finance
DBS Bank India has bought a 9.9% stake in a local non-banking finance company called Svakarma Finance in a…
HSBC Oman to hold talks for potential merger with local rival
HSBC Bank Oman is set to hold initial talks with local rival Sohar International Bank to discuss a potential…
Japan and Indonesia agree on fintech cooperation framework
Japan and Indonesia have agreed to collaborate to support innovation in the financial sector. The regulatory agencies of the…
Ulster Bank staff accept AIB transfer deal
Ulster Bank employees, who are members of the Financial Services Union (FSU), have voted in favour of a transfer…
Republic Bank taps SEI for cybersecurity programme
Philadelphia-based Republic Bank has collaborated with SEI for its cybersecurity programme. The lender selected SEI Sphere to manage its…