All articles by Vidhya Edwards Munnangi
Vidhya Edwards Munnangi
Türkiye to merge three state-owned banks
President Recep Tayyip Erdoğan named the banks as Ziraat Katılım, Vakıf Katılım and Halk Katılım.
Intesa counters Banco BPM with €30.6bn offer for Monte dei Paschi
Intesa said that, if completed, the deal would create the euro zone’s second-largest banking group by market value.
Societe Generale sheds managerial posts in restructuring– report
The changes are now taking place within the corporate and investment banking division, including trading and risk functions.
HSBC Swiss unit under probe in Lebanese fund embezzlement case – report
The bank is under investigation over suspected conspiracy to commit offences including misuse of public money.
EU to defer banks’ market risk capital rules by three years
The measures are designed to improve how banks assess trading-related risks.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
Deutsche Bank shuns “aggressive” promotions to beat rivals
Notably, the move follows JPMorgan’s May launch of its Chase digital retail bank in Germany.
Freedom pursues French banking licence amid US SEC scrutiny
If cleared, the application would make Freedom the first formerly Russian firm to enter EU banking market since Ukraine invasion.
UniCredit stake in Commerzbank reaches 34.4%
The offer remains open until June 16 and is currently below the market price.
J.C. Flowers buys French banking arm of Monte Paschi
The bank had operated as the French unit of Monte dei Paschi di Siena and is due to adopt a new name.
Absa gets approval to buy Standard Chartered Uganda assets
The sale forms part of Standard Chartered’s broader plan to leave wealth and retail operations in Botswana, Uganda and Zambia.