All articles by Shivam Mishra
Shivam Mishra
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.
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.
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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.
Coventry Building Society finalises purchase of Co-operative Bank
This deal, approved by regulators in November, marks a return to mutual ownership for the 152-year-old bank.
FDIC sets January deadline for BlackRock on bank stake scrutiny
This move is part of the FDIC’s efforts to strengthen oversight of large investors in small and midsized banks.
UK banks face higher fee requirement to use Post Office network
This proposal suggests the next banking framework could cost between £350m and £400m annually.