All articles by Vidhya Edwards Munnangi
Vidhya Edwards Munnangi
US Fed to revamp bank supervision framework into five regions
The new regions will be aligned with state boundaries rather than Federal Reserve district boundaries.
Norwegian lender DNB to cut 400 jobs in AI overhaul
The bank has directed capital into automation and digital tools to modernise customer services and streamline operations.
CIMB explores sale of Philippine unit – report
The Malaysian banking group is working with a financial adviser to gauge buyer appetite for the asset.
French lender BPCE takes 7% stake in Spain’s Sabadell
BPCE plans to act as a long-term investor and intends to gain a seat on Sabadell’s board of directors.
Putin clears UniCredit Russia restructuring ahead of proposed sale
Under the plan, the Russian unit will be partitioned, allowing UniCredit to retain full control of the payments division.
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Three Japanese regional banks consider business integration
The Japanese lenders concerned are Procrea Holdings, Akita Bank, and Bank of Iwate.
Intesa sweetens Monte Paschi bid and gains top shareholder backing
The revised terms include €1.25 in cash for every MPS share tendered, up from €1 previously offered.
US Fed finalises bank stress test rules
The central bank will solicit yearly public feedback regarding “hypothetical scenarios” and substantial methodology revisions.
Infosys to support ABN AMRO’s wider AI rollout
The work will include consolidating and updating parts of ABN AMRO’s technology environment.
Thought Machine and AWS tie up on AI-driven core banking migration
The process focuses on identifying the underlying business rules rather than translating individual lines of code.