All articles by Swagath Bandhakavi
Swagath Bandhakavi
Nomura to buy Macquarie’s US and European asset management units for $1.8bn
The acquisition involves assets worth approximately $180bn, spanning equities, fixed income, and multi-asset strategies
Clearwater Analytics finalises acquisition of Enfusion
Clearwater will deliver industry’s first unified, cloud-native front-to-back platform for institutional investors
Global Payments to acquire Worldpay for $22.7bn, sell issuer solutions business for $13.5bn
The sale of the issuer solutions unit marks Global Payments’ strategic shift towards concentrating on merchant solutions, enhancing its capabilities and expanding its market reach
Capital One receives regulatory approvals for Discover deal
Capital One receives final regulatory approvals for acquisition of Discover
Barclays to create standalone payment acceptance entity with Brookfield
Barclays plans to invest around £400m into the payments entity it will initially own in full, with the majority of the funding expected within the first three years
Warburg Pincus and ADIA to invest in IDFC FIRST Bank
The proposed issues are subject to shareholder and regulatory approvals
Bank of America Q1 2025 net income rises 10.5% to $7.4bn
Total revenue rose 6% year-on-year to $27.4bn, driven by gains in net interest income and increased noninterest income across all business segments
Securitize acquires MG Stover’s fund administration business to become the largest digital asset fund administrator
Securitize Fund Services now administers over $38bn in assets across 715 funds
KKR to acquire OSTTRA from S&P Global and CME Group for $3.1bn
OSTTRA was formed in 2021 to unify post-trade services across asset classes including interest rates, FX, credit, and equities
PayPal and TerraPay partner to expand access to cross-border payments across Middle East and Africa
This partnership aims to drive economic growth by making cross-border transactions faster, easy to use and more accessible by connecting banks, mobile wallets, and financial institutions