All articles by Vidhya Edwards Munnangi
Vidhya Edwards Munnangi
Italy’s UniCredit gains around 48% Commerzbank stake
According to UniCredit, that position corresponds to 49.65% of Commerzbank voting rights.
SambaNova to power on-prem AI inference for JPMorgan
SambaNova raised $1bn as part of a Series F round, giving it a post-money valuation of $11bn.
Singaporean regulator outlines safety guardrails for financial AI agents
SAFR was developed through MAS’ BuildFin.ai initiative, which focuses on responsible development of AI tools in financial sector.
Starling Bank to shed about 130 roles in restructuring drive – report
The lender would reorganise its banking and technology divisions, a move expected to remove “duplicate” roles.
ECB weighs doubling banks’ minimum reserve requirement – report
The minimum reserve ratio would be lifted to 2% from 1% of customer deposits and certain other funding categories, sources said.
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Intesa Sanpaolo migrates core IT systems to Google Cloud
The project was intended to make its technology setup quicker, more secure, and ready for artificial intelligence use.
Lloyds confirms plan to scrap 173-year-old Halifax brand
Under the plan, Halifax will no longer take on new account openings, while its branch network will be renamed Lloyds.
Freedom gets regulatory nod to buy 99.32% of Turkish Bank
The stake is being acquired from Özyol Holding and the National Bank of Kuwait.
Emirates NBD in discussions to acquire HSBC Türkiye arm – report
The Dubai-based lender is seeking to increase presence in Türkiye, while HSBC concentrating on its main lines of business.
Kotak to acquire Deutsche Bank’s retail and wealth businesses in India
The businesses involved include about €2.7bn in loans, along with €1.5bn in deposits and €1bn of assets under management.