All articles by Shivam Mishra
Shivam Mishra
HSBC plans $3bn cost-saving from restructuring
The banking major informed managers last week that its restructuring would be completed by June 2025.
Gen Digital to acquire fintech MoneyLion for $1bn
MoneyLion’s platform includes credit building and financial management services, enhancing Gen’s “comprehensive financial wellness” offerings.
India considers selling minority stakes in four state-owned banks
The government could sell stakes in Central Bank of India, Indian Overseas Bank, UCO Bank, and Punjab and Sind Bank.
CommBank introduces new app features to combat scams and reduce customer losses
The new Review digital wallet feature allows customers to see all digital wallets linked to their CommBank payment details and remove any unrecognised ones.
Italy sells 15% stake in Monte dei Paschi stake for $1.16bn
Banco BPM, a major Italian bank, has acquired a 5% stake in MPS, aligning with its strategy while maintaining a standalone approach.
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UK plans to ease ring-fencing regulations for banks to boost competitiveness
The current regulations, which require separation of retail and investment banking, were introduced to protect consumers following the 2007-09 financial crisis.
ADQ agrees to acquire majority stake in Türkiye’s Odeabank
ADQ stated that Odeabank, established in 2012, is currently the 13th largest private conventional bank in Türkiye by total gross loans and customer deposits.
India’s Bank of Maharashtra eyes new co-lending partnerships
With the partnerships, the Indian public sector bank is aiming to expand its co-lending book in the current financial year.
