OCC grants conditional approval for Mercury to set up Mercury Bank, N.A.
US fintech company Mercury has received conditional approval from the Office of the Comptroller of the Currency (OCC) to establish…
28 Apr 2026
Customers Bank broadens OpenAI collaboration to automate lending and onboarding
Customers Bank, a subsidiary of Customers Bancorp, has agreed a multiyear strategic collaboration with OpenAI aimed at automating parts of lending and customer onboarding. The US-based bank said it will…
27 Apr 2026
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 takeover approach for Commerzbank. The move comes during a prolonged…
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The Reserve Bank of India has withdrawn the banking permit granted to Paytm Payments Bank, effective 24 April 2026.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,…