All articles by Kuldeep Jha
Kuldeep Jha
Banks outpace regulators on AI adoption, report finds
Over 80% of financial firms now use AI, whereas regulators remain in the early stages of adoption.
JPMorgan Chase becomes first global banking partner of Olympic Games
The banking giant also struck an agreement to serve as the official bank of Team USA and LA28.
OCC grants conditional approval for Mercury to set up Mercury Bank, N.A.
The bank will be headquartered in Utah, with Jon Auxier set to serve as CEO and president.
Customers Bank broadens OpenAI collaboration to automate lending and onboarding
The bank will use OpenAI’s models to redesign workflows across lending, deposits and payments.
MUFG lending head signals further Asia dealmaking
Masakazu Osawa told Bloomberg that non-bank financial companies could be potential targets.
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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.