All articles by Vidhya Edwards Munnangi
Vidhya Edwards Munnangi
HSBC weighs up to 20,000 job cuts amid AI shift – report
The assessment is at an early stage, and no final decisions have been made, as per sources cited by the news agency.
Kotak, Federal Bank compete for StanChart India card clients – report
The review is part of the bank’s effort to reduce its exposure to single-product clients.
Treasury Committee seeks answers on Lloyd’s Bank data breach
Dame Meg Hillier described the event as an “alarming breach of confidentiality” and called for “transparency” about the nature and extent of the problem.
OakNorth expands US hiring as Community Unity acquisition nears – report
The transaction, structured as an all-share deal and announced a year ago, is going through regulatory procedures.
BMO to add over 145 branches in California and Arizona
The move follows an announcement made in October 2025 concerning new financial centres in major US markets.
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Iute Group starts banking operations in Ukraine
IuteBank will offer a limited range of banking services, including current accounts, deposit products, and instant payments.
Commerzbank rejects UniCredit €35bn takeover offer
The offer seeks to surpass the 30% ownership threshold under German takeover regulations.
US Fed to lower capital buffers for major US banks
The central bank’s implementation of the Basel III Endgame rules would cause only a “small increase” in capital requirements.
India halts IDBI Bank stake sale as bids miss target – report
The privatisation process has been suspended for now, with details remaining confidential.
Esquire Financial seals $348.4m deal to buy Signature Bancorporation
Following the completion of the deal, the combined company will hold about $4.8bn in assets.