All articles by Vidhya Edwards Munnangi
Vidhya Edwards Munnangi
ECB weighs doubling banks’ minimum reserve requirement – report
The minimum reserve ratio would be lifted to 2% from 1% of customer deposits and certain other funding categories, sources said.
Intesa Sanpaolo migrates core IT systems to Google Cloud
The project was intended to make its technology setup quicker, more secure, and ready for artificial intelligence use.
Lloyds confirms plan to scrap 173-year-old Halifax brand
Under the plan, Halifax will no longer take on new account openings, while its branch network will be renamed Lloyds.
Freedom gets regulatory nod to buy 99.32% of Turkish Bank
The stake is being acquired from Özyol Holding and the National Bank of Kuwait.
Emirates NBD in discussions to acquire HSBC Türkiye arm – report
The Dubai-based lender is seeking to increase presence in Türkiye, while HSBC concentrating on its main lines of business.
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Kotak to acquire Deutsche Bank’s retail and wealth businesses in India
The businesses involved include about €2.7bn in loans, along with €1.5bn in deposits and €1bn of assets under management.
Atom Bank sale may be halted after weak bids – report
Pollen Street Capital submitted an offer for Atom, but the proposal was below the price expected by sellers.
Personetics AI platform embedded in Fiserv’s Experience Digital
The addition allows financial institutions to use data in real time inside the digital banking environment, offering prompts, guidance and offers through XD.
Digital-only lender Jet Bank begins operations in Albania
The bank technology platform was built entirely on Backbase’s AI-native Banking OS.
External review clears HDFC Bank of ex-chair’s governance claims
Atanu Chakraborty called the report “a hugely caveated one and in a sense superfluous”.