All articles by Vidyasagar Maddela

Vidyasagar Maddela

ECB reduces capital requirements for banks after stress test results 

This allows European banks to increase dividends and share buybacks, supported by profits and the end of negative interest rates. 

Italy prioritises MPS-BPM merger to reduce stake in MPS – report 

The government is prioritising MPS-BPM merger plans through a future merger, with Banco BPM identified as the preferred partner.

Deutsche Bank announces growth strategy for 2028 

Deutsche Bank’s 2028 growth strategy targets higher revenues, improved returns, and a scalable operating model.

SuMiTB implements FIDO authentication to secure mobile banking services 

The move introduces OneSpan’s cloud-based FIDO authentication solution to the Japanese mobile banking sector. 

Westpac extends regional branch moratorium to 2030 

Westpac will launch the Community Banking Service pilot, developed in partnership with local councils, in early 2026.

Dutch banks to reduce workforce amid AI adoption and cost-cutting – report 

The job cuts in the banking sector reflect ongoing efforts to address profitability pressures and adapt to changing operational demands. 

Russia approves Citibank Russia sale to Renaissance Capital

The approval is required under Russian rules introduced in response to Western sanctions after the country’s military actions in Ukraine.

ABN AMRO to acquire commercial bank NIBC for up to €960m

The acquisition will expand the scale of ABN AMRO’s retail banking operations and strengthen its position in the Dutch market.

CDP opposes Nexi’s sale of majority stake in digital banking unit to TPG 

CDP is opposing a full divestment alongside senior Italian officials, considering the banking-services division as strategically important. 

JRF and DBL Group seek digital banking licence in Bangladesh

The proposed new bank received initial approval from the central bank in 2023 and now awaits a letter of intent (LOI) to begin formal operations.