All articles by Satarupa Bhowmik
Satarupa Bhowmik
Alkami launches Digital Banking Conversion Toolkit for financial leaders
The new toolkit aims to assist bank and credit union leaders throughout each phase of their digital banking conversion process.
NOBA targets Nasdaq Stockholm listing with $3.74bn valuation
NOBA becomes the second major Swedish financial group to seek a public listing this year, following Klarna’s New York debut.
Starling Bank reportedly plans secondary share sale targeting £4bn valuation
The bank has enlisted investment banks, including Morgan Stanley and Rothschild to assist with the sale process.
NAB to cut over 400 jobs amid sector-wide layoffs
NAB noted that the job cuts intend to streamline team structures.
ANZ Group reportedly plans potential reduction of 5,000 jobs
Capital Brief reports that the proposed cuts could affect around 2,000 positions in the retail sector.
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Deutsche Bank reportedly initiates sale of retail banking assets in India
The bank has contacted both domestic and international financial institutions to request bids for its retail assets.
Sumitomo Mitsui to reportedly inject $1.8bn into India’s Yes Bank
The funding plan comprises Rs85bn from yen-denominated bonds and Rs75bn in equity, potentially through FCCBs.
Hong Kong regulator fines Deutsche Bank for regulatory violations
The investigation found that the bank had multiple process shortcomings from November 2015 to November 2023.
UniCredit raises stake in Greece’s Alpha Bank to 26%
The conversion of the stake exceeding 9.9% into physical shares is contingent upon the completion of the ongoing regulatory approval processes.
Swedbank to purchase Barclays’ stake in Entercard
Entercard, which serves the Nordic credit market, provides card products and consumer loans across Sweden, Norway, Denmark, and Finland.