All articles by RanjithKumar Dharma
RanjithKumar Dharma
Standard Chartered weighs sale of select African banking operations
The decision to explore the sale of its WRB units in Botswana, Uganda, and Zambia is part of a strategic refocus.
India’s Axis Bank expands IFSC Banking Unit at GIFT City
The new premises, covering nearly 8,000 ft², represent a significant expansion from the previous 2,700 ft² facility.
Credit Benchmark, Oliver Wyman unveil IRB model enhancement tool for banks
Using Credit Benchmark’s dataset, the solution offers banks benchmarking analytics to validate their IRB models.
Egypt’s CIB collaborates with Truecaller to boost banking security
Features such as Verified Business Caller ID will authenticate the bank’s brand.
Riverfront Federal Credit Union selects Lumin’s banking platform
This move is expected to enhance Riverfront’s banking experience with frequent service upgrades and security for members.
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Old National to buy Bremer Bank in $1.4bn deal
The move is set to make Old National the third-largest bank in the Twin Cities.
Barclays fined £40m over Qatar capital raise disclosure failings
This follows Barclays’ decision not to challenge the FCA’s proposed actions in the Upper Tribunal.
HSBC halts Russia payments for retail banking customers
The decision follows HSBC’s completion of the sale of its Russian unit in May, after announcing it in June 2022.
Italy’s UniCredit makes buyout offer for Banco BPM
Under the offer, Banco BPM shareholders would receive 0.175 UniCredit shares for each share held.
US sanctions over 50 Russian banks, including Gazprombank
Gazprombank and its subsidiaries in five countries face sanctions under Executive Order 14024.