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…
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…
22 Apr 2026
MUFG lending head signals further Asia dealmaking
Japan’s MUFG Bank is scanning for further acquisitions and investments in Asia and other regions as it wraps up its latest Indian deal, according to Masakazu Osawa, the newly appointed…
22 Apr 2026
PNC to cut 777 roles after $4.1bn FirstBank acquisition
PNC Bank plans to eliminate about 777 jobs at the former FirstBank headquarters in Lakewood following its takeover of the Colorado-based bank, reported KDVR. According to a WARN filing submitted to the Colorado…