All articles by Vidhya Edwards Munnangi
Vidhya Edwards Munnangi
PNC to cut 777 roles after $4.1bn FirstBank acquisition
The reductions will affect staff at 12345 West Colfax Avenue and are intended to “reduce its workforce”.
UK’s FCA names eight banks for AI testing
The programme aims setto help participating firms examine issues such as risk controls and live oversight to use AI in services.
Revolut pushes IPO plan to 2028 – report
Storonsky also said the company may pursue additional secondary share transactions before any IPO.
NAB flags A$706m impairment charges amid Iran war uncertainty
NAB said the chance of an Australian “downside economic scenario” had increased because of the conflict.
Asian watchdogs heighten alert over Mythos AI risks – report
Regulators are in contact with financial companies about how they are dealing with cyber risks connected to Mythos.
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Vietnam’s SHB collaborates with Huawei for digital banking
The tie-up with Huawei forms part of its longer-term plan to use technology.
OCBC leads race for HSBC Indonesia retail unit – report
The bank is seeking to strike a deal that may value HSBC’s consumer banking business in Indonesia at more than Rp6tn ($350m).
BasisBank buys 95.99% of Liberty Bank
Liberty Bank serves more than 1.7 million retail customers and over 60,000 small and medium-sized businesses.
Danske admits system upgrade exposed over 20,000 client addresses
The bank became aware of the problem in October, and later checks found that a significant number of clients had been affected.
CTBC Bank USA taps Narmi for digital overhaul
The lender will introduce parts of Narmi’s platform in stages as part of a wider upgrade programme.