All articles by Satarupa Bhowmik
Satarupa Bhowmik
Sumitomo Mitsui to reportedly inject $1.8bn into India’s Yes Bank
The funding plan comprises Rs85bn from yen-denominated bonds and Rs75bn in equity, potentially through FCCBs.
Hong Kong regulator fines Deutsche Bank for regulatory violations
The investigation found that the bank had multiple process shortcomings from November 2015 to November 2023.
UniCredit raises stake in Greece’s Alpha Bank to 26%
The conversion of the stake exceeding 9.9% into physical shares is contingent upon the completion of the ongoing regulatory approval processes.
Swedbank to purchase Barclays’ stake in Entercard
Entercard, which serves the Nordic credit market, provides card products and consumer loans across Sweden, Norway, Denmark, and Finland.
AI-powered Ryt Bank debuts in Malaysia
Ryt Bank currently provides services in Bahasa Malaysia and English, with plans to introduce Mandarin by September this year.
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Visa halts open banking operations in US amid regulatory challenges
The company has ceased its open-banking initiatives aimed at providing third parties access to customer account data.
Cognizant, Temenos team up for core banking solutions in Australia
Temenos Country Model Bank will harness the capabilities of Temenos’ cloud-native banking solutions and Cognizant’s expertise in implementation.
Truist plans to open 100 new branches in US
The company also plans to renovate more than 300 existing locations.
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.