All articles by Vidhya Edwards Munnangi
Vidhya Edwards Munnangi
CSBS debuts framework to guide state reviews of financial AI risks
The document is meant to give regulated firms a clearer picture of how state examiners may approach AI-related reviews.
Revolut explores dual London and New York listing – report
Storonsky said the group was currently looking at a dual listing on Nasdaq and the London Stock Exchange.
Ineco to acquire majority stake in Slovenia’s Hranilnica LON
The deal gives the Armenian group access to Slovenia’s banking sector and marks its move into the European Union market.
French firm Azure Financial to buy Izola Bank stake
As part of the deal, Azure Financial is also set to inject €2.8m into Izola Bank by subscribing to newly issued shares.
Grab enters $1.49bn deal for 60% stake in Atome Financial
The transaction would give Grab a larger position in consumer lending through Atome Financial’s existing platform.
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Italy launches antitrust probe into Intesa bid for Monte dei Paschi
The probe is intended to assess possible effects of the transaction on competition dynamics in banking and insurance markets.
Revolut gains Colombian banking licence and files for Swiss approval
Revolut plans to invest more than SFr150m ($183.2m) in Switzerland over the next five years.
US sanctions VTB Bank over alleged Iranian banking ties
US Treasury said foreign institutions continuing business with the sanctioned VTB face risk and must sever ties immediately.
Germany sets conditions for UniCredit takeover of Commerzbank
The conditions include Commerzbank should stay listed on stock market and keep providing finance to German mid-sized businesses.
ICICI Prudential AMC gets clearance to buy up to 9.95% of four lenders
The fund house is now allowed to acquire up to 9.95% of CSB Bank, DCB Bank and AU Small Finance Bank, and Kotak Mahindra.