All articles by Swagath Bandhakavi
Swagath Bandhakavi
Wells Fargo posts $4.9bn profit for Q1 2025 amid revenue changes
The US-based financial services company reported a 3% decline in total revenue for the first quarter, dropping to $20.1bn from $20.8bn in the same period last year
First Financial Northwest announces closing of acquisition of First Financial Northwest Bank by Global Federal Credit Union
Following these distributions, First Financial Northwest expects to dissolve the company in accordance with Washington law
Lloyds deploys Google Cloud to expand AI transformation across operations
The move is part of a wider digital overhaul focused on boosting operational efficiency and advancing the development of data-driven financial solutions
Payoneer completes acquisition of a licensed China-based payment service provider
Through its acquisition of Easylink Payment, Payoneer becomes the third foreign payment platform licensed to provide online payment services in China
Ripple to acquire Hidden Road for $1.25bn to expand institutional digital asset services
Hidden Road is a prime brokerage firm that provides institutional clients with clearing, brokerage, and financing solutions across foreign exchange, digital assets, derivatives, swaps, and fixed income markets
F.N.B. expands capital markets capabilities with the addition of corporate investment banking and advisory services
Upon closing, Raptor will contribute to FNB’s ongoing strategy to grow and diversify non-interest income with significant capital markets capabilities
China’s central bank steps in to support markets amid US tariff dispute
The People’s Bank of China said that it is ready to provide aid through a re-lending programme aimed at strengthening market conditions affected by US tariffs
Stifel completes acquisition of B. Riley Employee Advisors
Last year, Stifel’s Global Wealth Management business recorded record annual revenue of $3.3bn with more than $500bn in total client assets
Vaulta and Virgo collaborate to launch VirgoPay for cross-border payments
VirgoPay is a cross-border remittance network aimed at enhancing the efficiency and reducing the costs of international payments by utilising stablecoins
Bitget secures El Salvador DASP licence after BSP approval
El Salvador is one of the pioneering jurisdictions passing comprehensive legislation supporting the integration of Bitcoin and digital assets into its financial ecosystem and acting as its official currency