All articles by Satarupa Bhowmik
Satarupa Bhowmik
HSBC plans to trim headcount by around 10% in France
This decision is part of a cost-cutting initiative aimed at saving $1.8bn by the end of 2026.
UK neobank Zopa secures $106m in AT1 capital
Jefferies was the structuring adviser and sole lead manager for this transaction.
Goldman Sachs in discussions to launch Marcus retail bank in Ireland
The bank is in early talks with regulators about expanding the Marcus brand to Ireland.
Bank of America to set up over 150 new financial centres by 2027
This expansion entails opening 40 centres this year in addition to 70 more by 2026.
Fortis Bank, Middlesex Federal Savings tap iDENTIFY for data management
iDENTIFY offers a structured data transformation approach for community banks navigating complex regulations and rising digital performance demands.
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Citizens & Northern to acquire Susquehanna Community Financial
The move, approved by both companies’ boards of directors, involves SQCF’s merger with and into C&N.
Santander turns down NatWest’s offer for UK retail banking arm
According to sources familiar with the situation, the proposal advised by Morgan Stanley and UBS is no longer active.
SMBC to purchase 20% stake in India’s YES Bank
The transaction includes a 13.19% secondary stake acquisition from State Bank of India and a 6.81% total stake from other banks.
DenizBank partners with Konsentus to improve open banking security
The collaboration aims to enhance the bank’s retail and commercial services while navigating changing regulatory challenges.
Pinwheel and nCino collaborate to ease direct deposit switching
The collaboration seeks to enhance the efficiency of deposit switch conversions for banks and credit unions.