All articles by Kuldeep Jha
Kuldeep Jha
EU reportedly preparing “biggest relaxation” of merger rules in decades
The Commission plans to place greater weight on “innovation, investment and resilience of the internal market” when deciding whether to clear corporate deals.
Bank of England updates bank failure playbook after US regulator’s nod
A key addition is an alternative bail-in approach where affected creditors receive non-transferable contingent beneficial interests.
Raiffeisen launches takeover offer for Austrian rival Addiko Bank
As part of the transaction, Raiffeisen intends to sell Addiko’s subsidiaries in Serbia, Bosnia-Herzegovina and Montenegro.
Revolut to open western Europe headquarters in Paris, France
The UK digital bank framed the move as part of a broader push in France and Western Europe, including its application for a French banking licence.
Citigroup using AI to speed account openings and retire legacy software
“We still have legacy systems, but after the tech investments we’ve made, we are in a much better place,” the bank’s tech chief told Reuters.
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Nu secures conditional approval for US national bank charter
Regulatory timelines require Nu to fully capitalise the new institution within 12 months and open the bank within 18 months.
Trump files $5bn lawsuit accusing JPMorgan of politically driven debanking
It claims the bank breached its own internal rules by allegedly targeting Trump to align with the prevailing “political tide.”
Credit card cap at 10% would hit up to 159 million US cardholders, warns ABA
Between 74% and 85% of active US credit card accounts would either be closed or face substantial cuts to their credit limits.
UniCredit said to explore Delfin’s stake in Monte dei Paschi and Generali
UniCredit has also evaluated a direct investment in Delfin, the holding company of the Del Vecchio family.
US regulators scrap guidance on lenders’ use of immigration status
The agencies said withdrawal is “appropriate to avoid any unnecessary burdens” from new or increased compliance efforts.