All articles by Vidhya Edwards Munnangi
Vidhya Edwards Munnangi
Monzo chief eyes European expansion – report
The move follows Monzo’s receipt of a European banking licence from Irish regulators in December and the opening of offices in Spain and Ireland.
Chase enters Germany with digital savings account
The new account pays 4% annual interest for the first four months. After that introductory period, a variable standard rate of 2% a year will apply.
French regulator fines SocGen €20m over customer disclosure failings
The lender did not inform customers in 2018 that an insurance policy was being added automatically when they opened a new account product.
UK sets out ring-fencing rule review
The ring-fencing framework applies to banks with more than £35bn in core deposits and investment banking operations.
India weighs lower reserve price to revive IDBI Bank stake sale
Officials have signalled that they want to reopen the process with parties that had already shown interest, including Fairfax.
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Commerzbank rallies shareholders against UniCredit takeover offer
The German lender said the proposal “does not reflect the fundamental value of Commerzbank” and “entails considerable risks”.
Emirates NBD receives all approvals for majority stake acquisition in RBL Bank
This initial subscription represents approximately 60% of RBL Bank’s expanded paid-up share capital.
Mistral AI pitches sovereign security model to European banks – report
The discussions centre on a tool intended as a counterpart to Anthropic PBC’s Mythos.
UK government launches review of face-to-face banking access
The step comes amid a marked shift in how retail banking is used, with more customers managing their finances online.
Fintech firm Stitch secures $25m in Series A round
The transaction is a16z’s first investment in the GCC and takes Stitch’s total funding to $35m.