All articles by Vidhya Edwards Munnangi
Vidhya Edwards Munnangi
Canada’s TD Bank pledges C$25m for AI
The two groups will examine how AI developed in Canada can be used within TD to raise productivity and improve client experience.
National Bank of Egypt to take over Banque Misr’s UAE network
The lenders reached an “agreement in principle” to restructure their UAE presence, subject to the country’s rules.
Danske Bank expects further job cuts in AI push – report
The bank’s tech head Frans Woelders said that AI would affect the organisation as a whole rather than only certain departments.
Societe Generale targets higher profits and cost cuts in 2029 outlook
The French lender is now aiming for a return on tangible equity of 13% to 14% in 2029 and over 15% from 2030 onwards.
Interview: Revolut chief banking officer Sid Jajodia on growth, margins and IPO plans
Sid Jajodia tells Vidhya Edwards how generating 76% of turnover from fees protects the bank’s 38% pre-tax margin from interest-rate cuts.
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Turkey revokes Istanbul licence of Iran’s Bank Mellat branch
The step was taken as per Turkey’s banking law that allows licence cancellation if activity threatens financial system security.
Bank7 to acquire Century Financial Services in $137.3m deal
Upon completion, the deal would form a Southwest banking group with roughly $3.3bn in total assets.
CSBS debuts framework to guide state reviews of financial AI risks
The document is meant to give regulated firms a clearer picture of how state examiners may approach AI-related reviews.
Revolut explores dual London and New York listing – report
Storonsky said the group was currently looking at a dual listing on Nasdaq and the London Stock Exchange.
Ineco to acquire majority stake in Slovenia’s Hranilnica LON
The deal gives the Armenian group access to Slovenia’s banking sector and marks its move into the European Union market.