All articles by Vidhya Edwards Munnangi
Vidhya Edwards Munnangi
Nu enters US with savings account and stablecoin-backed transfers
The company launched Nu Global, a multi-currency digital account intended for customers who move money internationally.
India’s NPCI, HDFC tie up to launch sovereign AI retail banking model
FiMi is intended to handle complex assignments involving long-context processing within a bank’s rules and existing systems.
Kapital raises $125m for AI development
The company said the funds will go towards further development of its in-house AI system and data analytics tools.
John Marshall agrees $253m all-stock merger with Eagle Financial
The merged business will have $4.4bn in assets and 23 banking offices.
Chime to buy Stride Bank in $590m deal
Stride, a nationally chartered bank, has worked with Chime as a banking partner for more than seven years.
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Blackstone explores stake in India’s IIFL Finance – report
Fairfax is looking at exit from IIFL Finance as it works to align with regulatory norms ahead of a possible acquisition of IDBI.
WaFd and EverBank Financial agree on $3.9bn reverse merger
After the deal closes, WaFd is set to stay listed on the public market but will be renamed as EverBank Financial.
BMO finalises divestment of 138 branches to First-Citizens Bank
First Citizens Bank is taking on about $5.7bn of deposit liabilities and purchasing roughly $1.1bn of loans.
State Bank of India targets 12,000 hires and 250 more branches – report
The recruitment drive will span clerical as well as officer roles.
Equity Bancshares and Lincoln Bancorp agree $123.8m merger
The deal will bring 16 Lincoln Savings Bank branches into Equity’s network.