All articles by Satarupa Bhowmik
Satarupa Bhowmik
Berkshire Hills, Brookline Bancorp to merge to form Beacon Financial
Berkshire Hills is parent of Berkshire Bank, while Brookline Bancorp is parent of Brookline Bank, Bank Rhode Island, and PCSB Bank.
BNI boosts AI innovation with Cloudera partnership
BNI will leverage Cloudera’s open, hybrid data platform to enhance its AI supply chain.
HSBC to exit retail banking operations in Bangladesh
HSBC will immediately stop onboarding new retail customers in Bangladesh but will support existing clients during the exit process.
Revolut mulling US bank acquisition to accelerate licencing process – report
The company is also considering the option of applying for a banking licence on its own, according to the Financial Times.
BTG Pactual to acquire HSBC operations in Uruguay for $175m
After the acquisition, BTG Pactual plans to offer services in retail banking, corporate and SME lending, investment banking, and wealth management.
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CBA cuts jobs amid AI chatbot rollout
The bank has communicated to the impacted employees that consultations are ongoing regarding the job cuts.
Birch Hill, Brookfield to acquire First National Financial
The deal values the company’s equity at C$2.9bn ($2.1bn).
Reserve Bank of India governor rules out issuance of banking licences to corporates
Malhotra said RBI has no plans to revise the 26% voting rights cap outlined in the Banking Regulation Act.
Pinnacle Financial Partners, Synovus announce $8.6bn merger
After the merger, Synovus shareholders will own around 48.5% of the new company, while Pinnacle shareholders will possess about 51.5%.
NS&I to deploy SBS’ cloud-native core system
SBP Digital Core will replace the current core system, offering a cloud-native infrastructure for retail banking services.