All articles by Swagath Bandhakavi
Swagath Bandhakavi
Bank of England launches the 2025 Bank Capital Stress Test
The stress scenario is not a forecast of macroeconomic and financial conditions
BankFirst Capital to acquire Magnolia State in Mississippi expansion
Upon completion of the merger, BankFirst Financial Services will extend its network to 52 branches across Mississippi and Alabama.
Itaú Chile announces changes to the executive committee of its banking subsidiary in Colombia
Jorge Villa has over 27 years of experience in the financial sector. He joined Itaú Colombia in 2011
NatWest partners with OpenAI to advance AI adoption in banking
The collaboration is set to fast-track NatWest’s adoption of generative AI technologies, providing direct access to OpenAI’s latest innovations
Lloyds Banking Group expands collaboration with Oracle to support tech transformation
UK financial services organisation adopts Oracle Database@Azure and Oracle Exadata Cloud@Customer to accelerate its migration to the cloud, helping it to deliver new products and capabilities faster
Santander to close 95 UK branches, putting 750 jobs at risk
The move follows a sharp rise in digital banking usage and a decline in in-branch transactions as more customers opt for online and mobile services
Fiserv acquires CCV
Acquisition enhances Fiserv’s payment solutions capabilities and innovation across European market
Morgan Stanley plans 2,000 layoffs as part of efficiency drive
The US-based investment bank had over 80,000 employees globally at the end of last year
Digital wallet provider Curve raises £37m to bolster growth and innovation
The funding is allocated for Curve’s 2025 plans, including product launches and customer-focused improvements, strengthening its financial position to expedite profitability and support ongoing growth
Ripple gains approval to offer blockchain-powered payments in Dubai’s DIFC
The licence marks Ripple’s first regulatory approval in the Middle East, enabling the company to offer blockchain-powered payment services to businesses within DIFC