Mercury secures $200m Series D at $5.2bn valuation
Fintech firm Mercury has raised $200m in a Series D funding round that values the company at $5.2bn. The investment was led by TCV,…
21 May 2026
HSBC chief warns of AI-driven job cuts, urges staff to adapt
HSBC Holdings CEO Georges Elhedery said AI will remove some positions while also leading to the creation of others, as he called on staff to adjust to the change rather than push back against…
20 May 2026
FintechOS deepens ties with Google Cloud
FintechOS, an AI platform for financial product operations, has expanded its collaboration with Google Cloud, covering data and AI for financial services. As part of the expanded arrangement, FintechOS 8…
20 May 2026
Monzo chief eyes European expansion – report
Monzo’s new chief executive has pledged to expand into more European countries, after the neobank decided to shut US operations, reported the Financial Times. Diana Layfield, who took over from TS Anil in February,…
20 May 2026
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. According to the bank,…
19 May 2026
Lloyds stays mum over rumoured Halifax phase-out
Lloyds Banking Group is tight-lipped on reports of scrapping the nearly 174-year-old Halifax brand. In a statement to Retail Banker International, a Lloyds Banking Group spokesperson said: “We regularly look…
19 May 2026
French regulator fines SocGen €20m over customer disclosure failings
France’s banking watchdog has levied a €20m ($23.3m) sanction on Societe Generale over disclosure failures affecting some retail clients, reported Reuters. In a statement, the Autorité de contrôle prudentiel et…