BaFin orders UniCredit to stop “unobjective” ads targeting Commerzbank
Germany’s financial watchdog BaFin has instructed UniCredit to stop running advertising it judged to be “unobjective” in relation to its…
27 Apr 2026
India’s central bank revokes Paytm Payments Bank permit
The Reserve Bank of India has withdrawn the banking permit granted to Paytm Payments Bank, effective 24 April 2026. As a result, Paytm Payments Bank must immediately cease carrying on the business of “banking” as…
24 Apr 2026
Commonwealth Bank to cut 119 jobs across Australia
Commonwealth Bank of Australia is set to remove another 119 positions in Australia, with the Finance Sector Union saying half a dozen of those roles linked to automation. The union said 43 of…
24 Apr 2026
Taiwan to launch finance-sector AI model project
Taiwan has begun a project to create a large language model for the financial sector to support domestic institutions, reported Bloomberg. The move is intended to avoid the constraints of overseas AI platforms…
23 Apr 2026
Prosperity and Stellar secure regulatory nod for $2bn merger
Prosperity Bancshares and Stellar Bancorp, both Texas-based lenders, have obtained the regulatory clearances for their merger. The transaction, first announced in January, would see Prosperity buying Stellar Bancorp and its subsidiary Stellar Bank in a deal worth about $2bn. Under the agreed terms,…
23 Apr 2026
Backbase launches AI platform to fix broken banking workflows
Backbase has introduced an AI-based banking operating platform designed to reduce fragmentation across financial institutions’ frontline activities. The company said the system creates what it calls a Unified Frontline, bringing together…
22 Apr 2026
Anthropic aims to expand Mythos access to European banks – report
Anthropic is preparing to make its Mythos AI model available to banks in Europe as lenders worldwide seek to assess the technology after initial access was granted to major US…