All articles by Vidhya Edwards Munnangi
Vidhya Edwards Munnangi
Italy moves to shed domestic bank holdings – report
Giorgetti said last month that an accelerated bookbuilding procedure would be “one of the best solutions” for lowering the state’s stake in MPS.
UK sets out AI adoption plan for financial services – Industry reaction
On regulation, the paper calls for closer coordination between authorities so firms can better understand what is expected of them.
First Bancorp to buy First Carolina Bancshares in $166m deal
Payment to First Carolina shareholders will comprise around 1.96 million First Bancorp common shares and $40m in cash.
Canada regulator warns major banks on Anthropic AI cyber risks – report
As per the regulator, the technology could increase cyber threats and cut the time available to detect and patch vulnerabilities.
Raiffeisen upgrades to Broadridge’s BRx Match reconciliation platform
The change is aimed at supporting CRISP’s expanding operational needs by improving efficiency across markets in Europe and Asia.
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Finland’s S-Bank enters €571m deal to acquire Oma Savings Bank
Oma Savings Bank serves more than 200,000 customers via 48 branches across Finland.
Italy’s UniCredit gains around 48% Commerzbank stake
According to UniCredit, that position corresponds to 49.65% of Commerzbank voting rights.
SambaNova to power on-prem AI inference for JPMorgan
SambaNova raised $1bn as part of a Series F round, giving it a post-money valuation of $11bn.
Singaporean regulator outlines safety guardrails for financial AI agents
SAFR was developed through MAS’ BuildFin.ai initiative, which focuses on responsible development of AI tools in financial sector.
Starling Bank to shed about 130 roles in restructuring drive – report
The lender would reorganise its banking and technology divisions, a move expected to remove “duplicate” roles.