All articles by Vidhya Edwards Munnangi
Vidhya Edwards Munnangi
Santander UK closes £2.65bn purchase of TSB from Sabadell
After the acquisition, Santander UK ranks as the UK’s third largest bank by personal current account balances.
BPCE completes €6.7bn acquisition of Portugal’s novobanco
Novobanco holds a 9% share of the Portuguese banking market overall.
Federal Bank to buy StanChart India credit card book
The bank now has 800,000 non-co-branded credit cards and 1.3 million co-branded cards.
Australian regulator cautions AI outpacing bank cyber defenses
According to the regulator, rapid progress in AI is becoming a stronger risk for the country’s financial sector.
OppFi seals $130m deal to buy Arizona-based BNCCORP
The deal would bring together OppFi’s online lending operations and BNC’s national bank charter and banking infrastructure.
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BaFin orders UniCredit to stop “unobjective” ads targeting Commerzbank
The move follows a social media campaign in which the German bank was described as “neglected, uncertain, short-sighted”.
India’s central bank revokes Paytm Payments Bank permit
The RBI said there was no useful purpose or public interest in allowing the bank to continue operations.
Commonwealth Bank to cut 119 jobs across Australia
The union said 43 of the affected jobs are at Bankwest, which was acquired by CBA in 2008.
Taiwan to launch finance-sector AI model project
The initiative brings together 16 financial institutions in Taiwan. The lenders have formed a task force under the Taiwan FinTech Alliance to advance the work.
Prosperity and Stellar secure regulatory nod for $2bn merger
Stellar shareholders are set to receive 0.3803 Prosperity common shares and $11.36 in cash for each share they hold.