All articles by Vidhya Edwards Munnangi
Vidhya Edwards Munnangi
Revolut gets conditional OCC clearance for US banking licence
If approved, Revolut could offer US customers loans, credit cards, FDIC-insured deposits, stablecoins and cryptocurrencies directly.
First National of Nebraska to acquire InBankshares for up to $204m
FNBO will strengthen its operations in Colorado with the addition of nine InBank branches across the Front Range.
UK fines Citigroup unit over Russia sanctions breaches
The bank handled 970 payments worth more than £19.7m through accounts that ought to have been subject to restrictions.
Jack Henry reports limited cyber breach in non-production systems
The breach did not reach client-facing systems, operating systems, core platforms, or day-to-day processing services.
Banner completes $177m acquisition of Pacific Financial
The banks plan to complete systems integration in November, when operations will move under the Banner name.
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Allica Bank applies for banking licence in Sweden
As part of the process, Allica has established a legal entity in Sweden and appointed a local leadership team for the planned business.
Canadian regulators approve Laurentian Bank transactions with Fairstone and NBC
Fairstone will acquire Laurentian Bank, along with its commercial operations, while National Bank of Canada will take over retail and SME banking portfolios.
Hong Kong selects 36 AI use cases for financial sector GenAI trials
The programme, known as GenAI Sandbox++, covers banking, securities, insurance and pensions.
DBS and Stripe forge ties on agentic AI
The arrangement brings together DBS’ banking services and regional network with Stripe’s financial technology platform.
HSBC weighs consolidating Singapore business under one entity – report
The proposed movewould group the bank’s wholesale, retail and private banking businesses in the city state under one structure.