All articles by Vidhya Edwards Munnangi
Vidhya Edwards Munnangi
Prosperity Bancshares and Stellar Bancorp to merge in $2bn deal
As per the agreement, Prosperity will offer 0.3803 shares of its common stock along with $11.36 in cash for each Stellar share.
Metro Bank initiates more layoffs as restructuring continues – report
Around 100 employees have been told their jobs may be cut aimed at concentrating on areas likely to enhance business growth.
Lunar secures new capital to support Nordic expansion
The funding round included participation from both long-standing and new investors.
Revolut commences full banking services in Mexico
The launch represents the fintech firm’s first bank outside European borders and expanding Revolut’s footprint to 40 countries.
Major UK banks expected to lift profitability targets – report
HSBC is expected to raise its ROTE guidance, while NatWest is considering a revision of its 2027 ROTE target from 15% up to 17%.
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Bank of Scotland penalised for breaching Russian sanctions law
The breach stemmed from an incident in which the sanctioned person opened a personal account using a British passport.
ANZ faces backlash from Finance Union over Suncorp layoffs
According to the union, a total of 197 positions at Suncorp Bank will be affected, with 66 workers to be laid off.
Societe Generale to axe 1,800 roles in home market
The move comes as part of a broader organisational restructuring that has been submitted for consideration to employee representatives.
Latham & Watkins and Kirkland & Ellis lead 2025 global M&A legal rankings
As per GlobalData’s Financial Deals Database, Latham & Watkins led by value with advisory on deals valued at $740.4bn.
ZET gains NPCI nod to offer UPI payments via RuPay credit cards
The payment infrastructure relies on technology from Juspay and is supported by RBL Bank as the banking partner.