BNP Paribas: net profit surges 26% after retail banking returns to form
Galvanised from a rebound of its retail bank and a decrease in its provisions for bad debts, BNP Paribas has reported net income of €2.9bn ($3.44bn) over the three-month period…
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NatWest bounces back to profitability, declares dividends
NatWest Bank has returned to profit, as bad loan fears ebb, and immediately promised payouts…
Varo Bank selects Wolters Kluwer FRR for regulatory reporting solution
US-based Varo Bank has leveraged Wolters Kluwer Finance, Risk and Regulatory Reporting’s (FRR) OneSumX for Regulatory Reporting software to file…
Digital banking firm Mercury rakes in $120m at $1.62bn valuation
Mercury, a digital banking company aimed at startups, has raised $120m in Series B funding round, taking its valuation to…
First Mid Bancshares to acquire Delta Bancshares Company for $106.3m
First Mid Bancshares has signed a definitive agreement to acquire Missouri-based Delta Bancshares Company for nearly $106.3m. Under the terms…
IFC acquires 4.99% stake in India’s Federal Bank with $127m investment
International Finance Corp (IFC) has made an investment of $127m in Indian private-sector lender Federal Bank. The investment provides IFC…
Collaboration in fight against AML hugely encouraging says Andrew Davies, Fiserv
Andrew Davies, VP global market strategy for financial crime and risk management at Fiserv tells Douglas Blakey how AI and machine learning are optimising the fight against security breaches and…
US bank earnings: it’s good to be a bank but it isn’t all rosy
At first glance, the second quarter of fiscal 2020-21 represents a blinding quarter for US bank earnings. Profits are up and analyst forecasts are beaten. Witness the booming investment banking…
UniCredit to begin exclusive talks to acquire Monte dei Paschi
UniCredit said that it will begin exclusive discussions to acquire parts of Banca Monte dei Paschi di Siena (MPS). The move comes after UniCredit and the Italian Government, the majority…
Weavr founder Alex Mifsud discusses the potential of embedded banking
It has been a cracking July for Weavr. It kicked the month off by raising a further £7m in seed funding. This represents an extension to the £3m of seed…
finleap connect buys Spanish open banking firm MyValue Solutions
German fintech firm finleap connect has purchased Spanish open banking provider MyValue Solutions for an undisclosed sum. Founded in 2009, the acquired firm specialises in banking aggregation and categorisation for…
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