All articles by Vidhya Edwards Munnangi
Vidhya Edwards Munnangi
HSBC reviews $400m fraud-related provision
The provision was connected to the collapse of specialist UK mortgage lender Market Financial Solutions (MFS).
NexTier to acquire Riverside Bank of Dublin
The combined business and all branches will operate under the NexTier Bank name.
Commerzbank to shed 3,000 jobs amid UniCredit bid
The new plan follows UniCredit’s decision earlier this week to formally begin its bid, valuing Commerzbank at €37bn ($43.43bn).
UniCredit to divest part of Russian subsidiary to UAE investor
The agreement speeds up its shift in Russia towards a narrower business model centred mainly on international payments in euros and US dollars.
10x Banking teams up with Tweezr on AI banking migration
Under the arrangement, 10x Banking clients will be able to use Tweezr to examine legacy systems through source code analysis.
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HDFC Bank governance review finds no major lapses – report
The conclusion would remove a key obstacle to the reappointment of chief executive Sashidhar Jagdishan.
Santander to drop UK’s TSB name after takeover
The Spanish lender intends to operate the enlarged business under the Santander UK name once the integration of the two banks has been completed.
Anthropic targets financial services with new AI agents
The company is launching ten agents designed to automate routine financial tasks, including preparing pitchbooks.
UniCredit presses ahead with Commerzbank stake increase
The proposal, set out as an all-share transaction, would take UniCredit’s direct equity interest to above 30% from 27%.
Banco BPM weighs deal options in home market – report
The bank was considering deals of different sizes involving lenders as well as other businesses that generate fees.