All articles by Swagath Bandhakavi
Swagath Bandhakavi
HSBC reports 25% drop in Q1 2025 profit to $9.5bn
HSBC’s revenue decreased by $3.1bn, or 15%, to $17.6bn for the quarter, primarily due to the effects of previous business disposals
Mastercard unveils end-to-end capabilities to power stablecoin transactions – from wallets to checkouts
Latest partnerships with OKX and Nuvei will unlock a 360-degree approach where consumers can spend stablecoins and merchants can receive them, creating a seamless ecosystem
Mediobanca proposes €6.3bn acquisition of Banca Generali
Following the acquisition, Mediobanca is expected to concentrate primarily on wealth management, aiming to double its revenues to €2bn and substantially increase its net profits
Cadence Bank to acquire Industry Bancshares
Founded in 1911 and headquartered in Industry, Texas, Industry Bancshares operates 27 full-service branches across Central and Southeast Texas
Eastern Bankshares to acquire HarborOne Bancorp in $490m stock and cash deal
The merger will expand Eastern Bankshares’ footprint across New England through the integration of HarborOne Bancorp into its operations
Nu Mexico receives banking license approval, paving way for product portfolio expansion and increased financial inclusion
Nu will continue operating as a SOFIPO during its transformation process, providing the same seamless user experience ahead of beginning operations as a bank
Columbia Banking System and Pacific Premier sign $2bn merger deal
The merger will create a $70bn regional banking institution, strengthening its presence across major Western US markets
National Bank of Canada announces acquisition of PGM Global
With over a decade of proven expertise, PGM Global will strengthen NBIN’s ability to support clients through complex market transactions
MidFlorida Credit Union to acquire Prime Meridian in Florida expansion push
The transaction marks MidFlorida Credit Union’s third bank acquisition in five years, boosting its total assets to $9.5bn and expanding its loan portfolio to $7.2bn
FundThrough acquires Ampla, strengthening its digital-first invoice funding solution
The leading fintech funding platform for SMBs secures a $25M Series B equity investment, led by Klister Credit Corp.