All articles by Satarupa Bhowmik
Satarupa Bhowmik
United Bankshares finalises Piedmont Bancorp acquisition
This move is set to enhance United’s footprint in the Mid-Atlantic and Southeast US.
Lloyds Banking Group allows branch access across brands
The group’s decision is seen as a step to optimise customer experience as more customers switch to online banking.
CFPB authorises FDX as open banking standards setter in US
The move is part of the CFPB’s Open Banking regulation that mandates companies to share financial data with authorised parties.
Fintech app Dave faces legal action over deceptive marketing
The DOJ is seeking civil penalties, refunds for consumers, and a court order to halt the company’s alleged unlawful practices.
Scotiabank concludes $2bn stake acquisition in KeyCorp
The second phase of investment involved purchasing an additional 10% stake in KeyCorp.
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Access Bank secures $228m for expansion via rights offer
The move is aimed at strengthening the bank’s position above the new regulatory capital requirements.
Westpac New Zealand admits to customer overcharges
The admission came as part of a civil proceeding initiated by the FMA at the High Court in Auckland.
Cofece approves BBVA’s acquisition of Sabadell’s Mexican units
The merger will form a lender with over 100 million customers and assets surpassing €1tn.
Delaware regulator clears Capital One’s $35.3bn Discover acquisition
Upon completion, the deal is expected to create the sixth largest bank in the US by assets.
Banca Transilvania, OTP Bank Romania to complete integration in February 2025
Banca Transilvania has initiated the distribution of over 320,000 new bank cards to OTP Bank Romania customers.