All articles by Vidhya Edwards Munnangi
Vidhya Edwards Munnangi
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.
Societe Generale to axe 1,800 roles in home market
The move comes as part of a broader organisational restructuring that has been submitted for consideration to employee representatives.
Latham & Watkins and Kirkland & Ellis lead 2025 global M&A legal rankings
As per GlobalData’s Financial Deals Database, Latham & Watkins led by value with advisory on deals valued at $740.4bn.
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ZET gains NPCI nod to offer UPI payments via RuPay credit cards
The payment infrastructure relies on technology from Juspay and is supported by RBL Bank as the banking partner.
Barclays to relocate European headquarters to Paris
The bank indicated that its presence in Continental Europe has expanded and now plays a larger role within the wider group.
JPMorgan and Citigroup consider fixed pay cuts for senior UK executives
This follows the recent modifications to local remuneration regulations.
Brazil’s PicPay sets sights on $2.5bn valuation for Nasdaq listing
PicPay plans to list its shares on the Nasdaq Global Select Market under the ticker symbol ”PICS”.
Backbase to power Albanian digital-only lender Jet Bank
The collaboration is intended to provide Jet Bank with a single platform for managing its customer interactions and digital services.