All articles by Satarupa Bhowmik
Satarupa Bhowmik
Compliance concerns in US banking ease in 2024 though still high
The 2024 Indicator Main Score reduced from 119 in 2023 to 99 in 2024, due to fewer major regulatory changes in 2023.
Berkshire Hills and Brookline Bancorp seal $1.1bn merger deal
Berkshire shareholders and Brookline shareholders will own about 51% and 45% of the combined entity, respectively.
Digital bank Tyme gains unicorn status with $250m Series D raise
The oversubscribed round was led by Brazilian neobank Nubank, which contributed $150m.
Cognizant powers digital transformation of Australia’s Beyond Bank
The tie-up will help modernise the bank’s IT infrastructure and strengthen vendor assurance frameworks.
OCBC, CIMB seek stake in Indonesia’s Panin Bank
OCBC and CIMB submitted non-binding offers for stakes owned by ANZ and the Gunawan family, the bank’s founders.
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Enterprise Bancorp seals $562m deal for merger into Independent Bank
Shareholders of Enterprise will receive 0.60 shares of Independent common stock and $2.00 in cash for each share held.
Crédit Agricole moves to increase stake in Italy’s Banco BPM
The deal is anticipated to have a “non significant” effect on Crédit Agricole’s Common Equity Tier 1 (CET 1) capital ratio.
Fifth Third Bank unveils Southeast US expansion strategy
The bank’s strategy includes opening 50 or more branches each year in key Southeast markets.
Citigroup launches new AI tools in eight countries
Citi Assist is designed to facilitate the navigation of internal bank policies and procedures.
Diebold Nixdorf deploys Microsoft Windows 11 on ATMs
The deployment, managed by Diebold Nixdorf’s licensed partner BS/2, aims to provide a stable and scalable platform for banks.