JPMorgan to axe hundreds of mortgage banking roles
JPMorgan is reportedly laying off hundreds of employees in its mortgage arm, as steeper rates to tame inflation begin to cool the US housing market. As…
Satarupa Bhowmik
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Government guarantee for India’s bad bank gets cabinet’s clearance
India’s Union Cabinet has given the go-ahead to government guarantee of $4.1bn (INR306bn) to back security receipts to be…
American Pacific Bancorp secures $40 investment from DSS
Document Security Systems (DSS) has entered into a subscription agreement for a $40m investment in bank holding company American…
Indian central bank takes UCO Bank out of PCA framework
India’s apex bank has lifted prompt corrective action (PCA) restrictions on UCO Bank after a review by the Board…
Live Oak Bank concludes conversion to Finxact core platform
US-based digitally-focused lender Live Oak Bank, a unit of Live Oak Bancshares, has converted all of its retail and commercial deposit…
STO applies for digital banking licence in Maldives
Maldives’ State Trading Organization (STO) has submitted an application for a digital banking licence to the country’s central bank.…
Mastercard bolsters open banking capabilities with Aiia purchase
Mastercard has agreed to buy open banking technology provider Aiia for an undisclosed amount. Aiia provides a direct connection to…
India Post Payments Bank, LIC Housing Finance tie up on home loans
India Post Payments Bank (IPPB) has collaborated with LIC Housing Finance Limited (LICHFL) to offer home loan products to…
Indian central bank monitors Google Pay-Equitas deposit deal
The Indian apex bank is reportedly assessing the recent alliance between Google Pay and Equitas Small Finance Bank on…