All articles by Gullapalli Gullapalli
Gullapalli Gullapalli
Post Office signs five-year deal with Cash Access UK for Banking Hubs operation
The agreement, which begins in January 2026, extends the collaboration with Cash Access UK.
UBS reportedly prepares for further job reductions in mid-January
UBS is said to be approaching the final year of its Credit Suisse integration, which was acquired in a government-brokered emergency deal in 2023.
MUFG Bank to acquire 20% stake in India’s Shriram Finance for $4.3bn
The investment agreement was reached between MUFG Bank, Shriram Finance, and its major shareholders, Shriram Ownership Trust and Shriram Capital Private Limited.
Home BancShares to purchase Mountain Commerce Bancorp
Mountain Commerce shareholders will obtain 0.850 shares of HOMB stock for each share of Mountain Commerce common stock they hold.
DFCC Bank agrees to purchase Standard Chartered’s Sri Lankan operations
The deal is pending approval from the Central Bank of Sri Lanka and is anticipated to be completed in early 2026.
Germany’s BaFin levies $52m fine on JP Morgan
The penalty is stated to be the result of “shortcomings” in the bank’s systems for preventing money laundering.
ARQA rolls out AI Workflows to streamline wealth management processes
Designed for enterprise use, AI Workflows serves as a bridge across data silos and operational systems.
BofA eyes moderate asset growth for wealth management division – report
Merrill Wealth Management co-president Eric Schimpf stated that pre-tax margins could expand between 4% and 6% over the coming years.
Perpetual enters exclusive talks with Bain Capital over wealth unit divestment
For its recent full-year results, Perpetual’s wealth management division reported revenue of A$235.6m.
Osaic adds Four Pillars Investment Management to its network
Led by investment advisor John T Evans, Four Pillars brings around $143m in assets to Osaic.