All articles by Shivam Mishra
Shivam Mishra
Lloyds to relocate IT jobs to India, affecting UK roles
By the end of the year, nearly half of the bank’s engineers will be based outside the UK.
Indian government invites bids from advisors for stake sale in PSBs
This initiative aligns with the government’s disinvestment strategy and aims to comply with SEBI norms.
India’s central bank launches exclusive internet domains to combat cyber threats
Indian banks will be assigned a ‘bank.in’ domain, while non-bank entities will receive a ‘fin.in’ domain.
Bank of America to acquire TD Bank’s $9bn jumbo mortgage portfolio
For TD Bank, the sale is part of efforts to adjust its balance sheet to meet a $434bn cap on its US retail banking assets.
Coventry Building Society finalises purchase of Co-operative Bank
This deal, approved by regulators in November, marks a return to mutual ownership for the 152-year-old bank.
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FDIC sets January deadline for BlackRock on bank stake scrutiny
This move is part of the FDIC’s efforts to strengthen oversight of large investors in small and midsized banks.
UK banks face higher fee requirement to use Post Office network
This proposal suggests the next banking framework could cost between £350m and £400m annually.
Banking frauds in India soar to 18,461 cases in H1FY25
The financial implication of banking fraud was Rs213.67bn in H1FY25, an eightfold surge from the previous year.
National Bank gets final nod for $3.47bn Canadian Western Bank acquisition
As a full-service bank in Canada, CWB focuses on servicing businesses, their owners, and families.
CFPB sues JPMorgan, BofA, Wells Fargo over failures to prevent Zelle fraud
Early Warning Services, which developed and operates Zelle, has also been named in the lawsuit.