All articles by Satarupa Bhowmik
Satarupa Bhowmik
Revolut to create 200 jobs in France amid $1.12bn expansion
The company will reportedly open a new office in Paris as part of its expansion.
Emirates NBD Bank gets in-principle nod to create Indian subsidiary
The approval allows the bank to transform its current branches into a wholly owned subsidiary.
Capital One closes $35.3bn acquisition of Discover Financial Services
Capital One expanded its board from 12 to 15 members, adding Thomas Maheras, Michael Shepherd, and Jennifer Wong from Discover’s board.
Raqami Islamic Digital Bank gets restricted licence from State Bank of Pakistan
After the pilot phase, Raqami plans to move to full commercial operations.
Bank al Etihad to acquire Investbank
Bank al Etihad will carry out the acquisition through a capital increase, issuing new shares to Investbank shareholders for full ownership transfer.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
Hang Seng Bank to axe jobs as part of restructuring initiative
By the end of 2024, the bank had about 8,300 employees in Hong Kong and mainland China, but the core staff number remains undisclosed.
HSBC plans to trim headcount by around 10% in France
This decision is part of a cost-cutting initiative aimed at saving $1.8bn by the end of 2026.
UK neobank Zopa secures $106m in AT1 capital
Jefferies was the structuring adviser and sole lead manager for this transaction.
Goldman Sachs in discussions to launch Marcus retail bank in Ireland
The bank is in early talks with regulators about expanding the Marcus brand to Ireland.
Bank of America to set up over 150 new financial centres by 2027
This expansion entails opening 40 centres this year in addition to 70 more by 2026.