All articles by Vidhya Edwards Munnangi
Vidhya Edwards Munnangi
JPMorgan chief pushes for more AI experts over traditional hires – report
Dimon said the change is unlikely to cause large-scale job cuts, adding it could mostly be handled through normal staff turnover.
Mercury secures $200m Series D at $5.2bn valuation
The latest round brings its total primary and secondary funding to about $700m.
HSBC chief warns of AI-driven job cuts, urges staff to adapt
Elhedery said HSBC is offering workers training and coding support as it prepares for the disruption.
FintechOS deepens ties with Google Cloud
FintechOS 8 can now be deployed on Google Cloud, while Data Core has been listed on Google Cloud Marketplace.
Monzo chief eyes European expansion – report
The move follows Monzo’s receipt of a European banking licence from Irish regulators in December and the opening of offices in Spain and Ireland.
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Chase enters Germany with digital savings account
The new account pays 4% annual interest for the first four months. After that introductory period, a variable standard rate of 2% a year will apply.
French regulator fines SocGen €20m over customer disclosure failings
The lender did not inform customers in 2018 that an insurance policy was being added automatically when they opened a new account product.
UK sets out ring-fencing rule review
The ring-fencing framework applies to banks with more than £35bn in core deposits and investment banking operations.
India weighs lower reserve price to revive IDBI Bank stake sale
Officials have signalled that they want to reopen the process with parties that had already shown interest, including Fairfax.
Commerzbank rallies shareholders against UniCredit takeover offer
The German lender said the proposal “does not reflect the fundamental value of Commerzbank” and “entails considerable risks”.