All articles by Shivam Mishra
Shivam Mishra
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.
Banking frauds in India soar to 18,461 cases in H1FY25
The financial implication of banking fraud was Rs213.67bn in H1FY25, an eightfold surge from the previous year.
National Bank gets final nod for $3.47bn Canadian Western Bank acquisition
As a full-service bank in Canada, CWB focuses on servicing businesses, their owners, and families.
CFPB sues JPMorgan, BofA, Wells Fargo over failures to prevent Zelle fraud
Early Warning Services, which developed and operates Zelle, has also been named in the lawsuit.
HSBC plans $3bn cost-saving from restructuring
The banking major informed managers last week that its restructuring would be completed by June 2025.
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Gen Digital to acquire fintech MoneyLion for $1bn
MoneyLion’s platform includes credit building and financial management services, enhancing Gen’s “comprehensive financial wellness” offerings.
India considers selling minority stakes in four state-owned banks
The government could sell stakes in Central Bank of India, Indian Overseas Bank, UCO Bank, and Punjab and Sind Bank.
CommBank introduces new app features to combat scams and reduce customer losses
The new Review digital wallet feature allows customers to see all digital wallets linked to their CommBank payment details and remove any unrecognised ones.
Italy sells 15% stake in Monte dei Paschi stake for $1.16bn
Banco BPM, a major Italian bank, has acquired a 5% stake in MPS, aligning with its strategy while maintaining a standalone approach.
UK plans to ease ring-fencing regulations for banks to boost competitiveness
The current regulations, which require separation of retail and investment banking, were introduced to protect consumers following the 2007-09 financial crisis.