All articles by BV Swagath

BV Swagath

ABN AMRO to acquire German lender Hauck Aufhäuser Lampe for €672m

ABN AMRO has agreed to acquire German private lender Hauck Aufhäuser Lampe (HAL) from Chinese conglomerate Fosun International for €672m…

Coventry Building Society strikes £780m deal to acquire Co-operative Bank

The combination of Coventry Building Society and the bank is anticipated to strengthen the enlarged group’s existing footprint in mortgages and savings while expanding the former’s range of offerings

Citigroup Global Markets fined £61.6m by UK regulators for trading system failures

Investigations showed that between 1 April 2018 and 31 May 2022, the firm’s inadequate systems and controls resulted in the erroneous sale of $1.4bn worth of equities in European markets

Sydbank to acquire rival Danish banking firm Coop Bank

Coop Bank was established by Coop in 2013 with the objective of providing daily banking services to the more than two million members of Danish retail and consumer cooperative Coop Danmark

CBC Bancorp to acquire rival bank holding company Bay Community Bancorp

The combined bank holding company will hold nearly $3.5bn in assets after the closing of the deal, which is anticipated to occur in late 2024 or early 2025

Barclays reports 13% drop in Q1 2024 profit to £1.55bn

The London-based investment bank’s total income dropped by 4% to £6.95bn in the quarter ended 31 March 2024, compared to £7.23bn reported in Q1 2023, while its basic earnings per share came down from 11.3p in Q1 2023 to 10.3p in the reported quarter

Visa joins AWS partner network to help simplify global digital payments

Visa to streamline access to select services via the AWS partner network for its cloud-native fintech, financial institution, and enterprise clients

National Bank of Iraq goes live with Temenos core banking and payments

With award-winning implementation, National Bank of Iraq completes move from legacy system in under 12 months

Coventry Building Society offers to acquire Co-operative Bank for £780m

The potential merger between Coventry Building Society and the bank aims to bolster the combined entity’s presence in mortgages and savings, while expanding the former’s offerings, resulting in an enlarged group with a pro forma balance sheet of £89 billion as of 31 December 2023

Capital Bancorp to acquire Integrated Financial in $66m cash and stock deal

Capital Bancorp (CBNK), a Maryland-based registered bank holding company listed on the Nasdaq, has agreed to acquire Integrated Financial (IFH)…