All articles by Vidyasagar Maddela
Vidyasagar Maddela
Santander to sell around a 3.5% stake in Polish unit for $473m
Santander plans for and accelerated placement of 3,576,626 ordinary shares of its Polish unit at 482 zlotys ($132.33) per share.
Laurentian Bank to sell operations to Fairstone Bank, National Bank of Canada
In 2023, Laurentian Bank announced a review of its strategic options, including a possible sale, which ended without finding a buyer.
HSBC partners with Mistral AI to advance generative AI adoption
The collaboration aims to enhance HSBC’s business processes, save employees time, and improve service for millions of customers worldwide.
Associated Banc-Corp to acquire American National for $604m
American National’s banking subsidiary will integrate into Associated Banc-Corp’s subsidiary, Associated Bank.
India’s banking regulator issues digital banking guidelines
RBI requires the banks to record or document the explicit consent of customers before providing digital banking services.
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Italy considers modifying golden powers, plans to retain veto authority- report
The European Commission previously expressed concerns that Italy’s regulations on specific banking sector acquisitions might not align with EU law.
Bandhan Bank’s board approves NPA portfolio sale
The loan portfolios to be sold belong to the bank’s Emerging Entrepreneurs Business.
ECB examines allegations of Deutsche Bank understating balance sheet risks-report
This review is based on claims by a former Deutsche Bank employee regarding the lender’s application of netting practices.
ČSOB selects Camunda to support core banking transformation
Camunda will simplify ČSOB’s product portfolio, optimise internal workflows, and reduce system complexity.
US agencies issue final capital rule for banks
The new rule aims to address disincentives for banks to engage in lower-risk activities, including intermediating in US Treasury markets.