French lender BNP Paribas to slash up to 800 jobs in Poland
France-based retail banking group BNP Paribas has decided to axe up to 800 jobs at its Polish banking arm BNP…
Two of ‘Big Five’ Canada banks allow remote working until April 2021
A pair of Canadian banking giants have decided to allow some of their employees to continue working from home at least until April next year. The Bank of Montreal (BMO)…
26 Nov 2020
JPMorgan amalgamates three EU units as Brexit looms
American banking giant JPMorgan Chase is reportedly planning to consolidate its three banking subsidiaries in the European Union (EU) to slash costs. The lender is planning to fold the three…
26 Nov 2020
LVB set to function as DBS Bank starting tomorrow
The Reserve Bank of India (RBI), the country’s central bank, said that the merger of Lakshmi Vilas Bank (LVB) with DBS Bank India (DBIL) will be effective from 27 November…
26 Nov 2020
Intuit secures US DOJ nod for $7.1bn deal to buy Credit Karma
US-based financial platform company Intuit has obtained the regulatory approval from the US Department of Justice (DOJ) to acquire personal finance company Credit Karma. Intuit is the creator of TurboTax,…
26 Nov 2020
Japan: bank branches take on a new look as they speed into the digital age
The Covid-19 pandemic is thrusting Japanese banks deeper into the digital age with the revamping of branch outlets and the planned disappearance of bank tellers. Bank branches in Tokyo and…
26 Nov 2020
Mongolia’s XacBank taps Infosys for digital transformation
Mongolia-based universal bank XacBank has selected Infosys as its technology partner to power its digital transformation. XacBank has selected Infosys Finacle, part of EdgeVerve Systems, an Infosys subsidiary. The bank…
25 Nov 2020