All articles by Satarupa Bhowmik
Satarupa Bhowmik
Gulf Bank gets initial approval for conversion to Islamic banking
The initial approval, which is valid for one year, is contingent upon meeting specific technical, legal, and operational requirements.
TowneBank to buy Dogwood State Bank for $476m
Dogwood State Bank operates 17 branch locations across North Carolina, South Carolina, and Eastern Tennessee.
UniCredit completes merger with Alpha Bank Romania
The newly formed entity is said to hold an 11% share of the market in terms of assets, 13% in loans through UniCredit Consumer Financing, and 11% in customer deposits.
Absa CEO aims for retail expansion in South Africa
The new CEO also intends to expand the bank’s market presence across its 11 African countries.
NAB to take A$85m hit this year over staff underpayments
The revelation has led to an anticipated 4.5% increase in operating expenses for the current financial year.
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NAB, AFSH fined for neglecting customers in financial distress
From 2018 to 2023, NAB and AFSH failed to address 345 hardship applications within the legally required 21-day period.
Santander advances AI-driven banking through OpenAI partnership
The bank plans to scale generative and agentic AI to optimise existing processes and redefine the banking experience entirely.
First Financial Bank to acquire BankFinancial for $142m
The acquisition will enable First Financial to add BankFinancial’s 18 financial centres in the Chicagoland area.
CommBank partners with OpenAI on generative AI-enabled banking services
As part of the partnership, CommBank employees will get access to OpenAI’s advanced AI tools.
Paxos seeks national trust bank charter in US
If granted, the national trust charter would subject Paxos to oversight by the OCC in the US.