All articles by Vidhya Edwards Munnangi
Vidhya Edwards Munnangi
Starling sets sights on US expansion via in-house tech sale – report
Starling is aiming to secure a deal with an American institution within the “$5bn-50bn asset range” by early next year.
India proposes new committee to review financial sector
The committee’s purpose is to undertake examination of the financial sector and prepare it for the country’s next growth phase.
Tarabut acquires Servable to add financial AI capabilities
Servable’s AI functionalities will be directly incorporated into Tarabut’s platform.
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.
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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%.
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.