All articles by Shivam Mishra
Shivam Mishra
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.
Doha Bank and Ooredoo Money form alliance for fintech growth
This partnership focuses on leveraging technologies to enhance digital banking services and financial inclusion.
Japan Post Bank stake sale raises $4bn in privatisation effort
The share sale, including an over-allotment option, involved 410 million shares, as stated in a finance ministry filing.
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RBC reportedly lays off employees after restructuring
This move comes after the C$13.5bn ($9.4bn) acquisition of HSBC’s Canadian operations.
Lloyds to relocate IT jobs to India, affecting UK roles
By the end of the year, nearly half of the bank’s engineers will be based outside the UK.
Indian government invites bids from advisors for stake sale in PSBs
This initiative aligns with the government’s disinvestment strategy and aims to comply with SEBI norms.
India’s central bank launches exclusive internet domains to combat cyber threats
Indian banks will be assigned a ‘bank.in’ domain, while non-bank entities will receive a ‘fin.in’ domain.
Bank of America to acquire TD Bank’s $9bn jumbo mortgage portfolio
For TD Bank, the sale is part of efforts to adjust its balance sheet to meet a $434bn cap on its US retail banking assets.