All articles by Vidhya Edwards Munnangi
Vidhya Edwards Munnangi
Danish regulator seeks further police investigation into Nordea Finans Danmark
The referral stems from an inspection carried out in June 2023 and relates to a possible breach of the Money Laundering Act.
Reem Finance becomes Reem Bank in UAE
The digital bank will operate as an open financial platform, using Banking-as-a-Service infrastructure and API-based fintech links.
OCBC to acquire HSBC Indonesia retail and wealth units
OCBC Indonesia expects its assets under management to rise by 25%, while credit card balances are projected to increase by more than 150%.
Kotak Mahindra Bank weighs Deutsche Bank retail unit
The bank’s MD & CEO Ashok Vaswani said the bank would consider acquisitions only if they satisfied three conditions: strategic fit, financial viability and execution.
Santander UK closes £2.65bn purchase of TSB from Sabadell
After the acquisition, Santander UK ranks as the UK’s third largest bank by personal current account balances.
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BPCE completes €6.7bn acquisition of Portugal’s novobanco
Novobanco holds a 9% share of the Portuguese banking market overall.
Federal Bank to buy StanChart India credit card book
The bank now has 800,000 non-co-branded credit cards and 1.3 million co-branded cards.
Australian regulator cautions AI outpacing bank cyber defenses
According to the regulator, rapid progress in AI is becoming a stronger risk for the country’s financial sector.
OppFi seals $130m deal to buy Arizona-based BNCCORP
The deal would bring together OppFi’s online lending operations and BNC’s national bank charter and banking infrastructure.
BaFin orders UniCredit to stop “unobjective” ads targeting Commerzbank
The move follows a social media campaign in which the German bank was described as “neglected, uncertain, short-sighted”.