All articles by Vidhya Edwards Munnangi

Citi to divest 25% stake in Banamex to Chico Pardo for $2.3bn 

This move is part of Citi’s strategy to divest its international consumer businesses and concentrate on its primary interconnected businesses. 

HSBC to sell Sri Lanka retail arm to Nations Trust Bank

The deal includes the bank’s retail deposit accounts, credit card portfolios and consumer loans.

Revolut to invest $13bn for global expansion 

The fintech company has opened new global headquarters in the UK and committed to invest £3bn in the country. 

Westpac to cut 200 teller roles as customers shift to digital channels – report

The bank attributed the change to growing customer use of its mobile app, online banking and ATMs.

Monte dei Paschi di Siena secures 86.3% of stake in Mediobanca 

The transaction will be finalised on 29 September 2025, when the payment for the shares will be made. 

Paga rolls out US‑based digital bank accounts for African diaspora

The initial deployment is aimed at Nigerians in the US and is presented as the opening phase of a wider international expansion.

PRA to remove 37 bank reporting templates

The PRA aims to bring the changes into effect on 1 January 2026 .

BBVA raises takeover bid for Banco Sabadell 

The updated offer translates to one new BBVA share for every 4.8376 Banco Sabadell shares.  

Credit Agricole exploring merger of Italian arm with Banco BPM 

UniCredit reportedly eyes M&A opportunities in Poland 

UniCredit is bolstering its team in Poland by recruiting investment bankers, including those from a former Santander team.