All articles by Shivam Mishra
Shivam Mishra
China accelerates banking merger efforts to establish global giants
The consolidation effort seeks to streamline China’s traditionally fragmented financial landscape.
Paul, Weiss, Rifkind, Wharton & Garrison and Debevoise & Plimpton lead M&A legal advisory in financial services for Q1 2025
Paul, Weiss, Rifkind, Wharton & Garrison topped in terms of value, by advising on over $12bn worth of deals.
Citi and Houlihan Lokey lead Q1 2025 M&A financial advisories
Citi led by deal value, while Houlihan Lokey topped by deal volume.
Santander UK to shutter 95 branches, affecting 750 jobs
This decision comes amid a shift towards digital banking, with a 63% increase in digital transactions at the bank since 2019.
mylo receives approval for digital onboarding in Egypt
mylo said this “landmark achievement represents a transformative leap” in Egypt’s consumer finance sector industry.
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India’s IndusInd Bank raises Rs110bn through certificates of deposit
This move comes as the bank seeks to strengthen its funding position following the revelation of a Rs20bn accounting discrepancy in its derivatives book.
CommBank expands AI partnership with Anthropic
This collaboration aims to leverage Amazon-backed Anthropic’s AI expertise to accelerate AI adoption within CBA.
UniCredit obtains ECB approval for Commerzbank stake hike
Notably, Germany has resisted UniCredit’s efforts to expand its stake in Commerzbank.
Challenger bank Lunar launches app for kids and teens
Lunar Youth is linked to parents’ accounts, helping young users explore digital money management while parents retain oversight.
Neobank Zolve secures $251m in Series B funding
The latest funding is the largest in Zolve’s history, valuing the Houston-based company at approximately $800m.