All articles by Shivam Mishra
Shivam Mishra
Monte dei Paschi secures 62.3% of Mediobanca shares
BMPS first launched an unsolicited bid to acquire its larger competitor in January. However, Mediobanca’s leadership strongly resisted the takeover attempt.
BBVA’s initial offer undervalues Sabadell, says CEO
The CEO remarks came following BBVA’s official initiation of a takeover bid for Sabadell earlier this week.
ANZ to lay off 3,500 employees
The plan will also reduce engagements with consultants and third parties, affecting around 1,000 managed services contractors.
PNC agrees to acquire FirstBank in $4.1bn deal
The acquisition will involve approximately 13.9 million shares of PNC common stock and $1.2bn in cash.
ANZ penalised in New Zealand for legal violation
The issue arose between 20 December 2012 and 31 May 2023, when ANZ imposed an unarranged overdraft fee and additional interest on customers.
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BBVA initiates takeover bid for Sabadell
BBVA said the proposal’s total value has seen an increase, from €12.2bn on 29 April 2024, just before the merger talks were publicised, to €17.4bn.
Klar moves to acquire Bineo digital bank from Banorte
In June, Klar raised $190m through a financing round, receiving $170m in equity and $20m in debt.
JPMorgan to enter German retail banking market in 2026
The initial offering in Germany will be a savings account, due to the “popularity” of such products among German customers.
UniCredit’s Commerzbank takeover unlikely, says German bank CEO
Speaking at a banking conference, Bettina Orlopp also affirmed that the ultimate decision will be left to the shareholders.
Lloyds staff performance overhaul may lead to job cuts
The initiative involves assessing the performance of its 63,000-strong workforce, with the lowest 5% facing possible dismissal.