First Bancorp to buy First Carolina Bancshares in $166m deal
First Bancorp has agreed to acquire First Carolina Bancshares in a transaction valued at $166m. The purchase price is based…
15 Jul 2026
Canada regulator warns major banks on Anthropic AI cyber risks – report
Canada’s federal banking watchdog alerted the country’s financial institutions on risks tied to Anthropic’s Claude Mythos and other advanced AI models, reported Reuters. According to the regulator, the technology could…
15 Jul 2026
UK BNPL regulations come into effect: Industry reaction
Deferred payment credit (DPC), often known as Buy-now-pay-later (BNPL) is finally subject to FCA regulation. According to the FCA, it wants its regulatory regime to reduce the risks of harm…
14 Jul 2026
Australia adds non-bank lenders to CDR framework
Australia's non-bank lenders have now been mandated to share interest rates, fees, and eligibility via the Consumer Data Right (CDR) system. This aims to expand loan comparison tools and improve…
14 Jul 2026
IDBI stake sale advances with revised bids from Fairfax, Emirates NBD
India has received revised bids from Fairfax Financial and Emirates NBD for the purchase of its stake in IDBI Bank, as the long-running privatisation process moves into a crucial stage.…
13 Jul 2026
HDFC headcount shrinks by over 3,000 amid automation push
India’s HDFC Bank is shifting backend employees to customer-facing roles by utilising technology-driven efficiencies. The country’s largest private lender has reduced its workforce by 3,343 employees in the financial year…
13 Jul 2026
UK puts four major cloud providers under direct financial regulation
The UK has placed its four key cloud service providers under direct financial regulatory oversight to reduce the risk of disruption affecting millions of users. The new framework designates Amazon…