All articles by Vidhyamunnangi Vidhyamunnangi

Vidhyamunnangi Vidhyamunnangi

JPMorgan Chase names new COO to drive AI expansion

Guy Halamish will collaborate with the leaders of markets, global banking, payments, and securities services.

US Fed to drop some confidential bank warnings in oversight shift 

Fed supervision staff informed banks that examiners would start reviewing outstanding private directives.  

UK regulator brings BNPL services under full consumer credit regulation

With the change, BNPL agreements will fall within the scope of the Consumer Duty.

Nuveen enters £9.9bn deal to acquire Schroders 

The combined company will manage nearly $2.5tn in assets and operate across more than 40 markets worldwide. 

Pictet reports growth in AUM even as consolidated profit remains stable  

The company’s operating result rose by 3.7% to SFr846m compared to the previous year.  

Raqami Islamic Digital Bank gets commercial banking licence in Pakistan

Raqami Islamic Digital Bank was initially issued a restricted banking licence by the State Bank of Pakistan in May last year.

Fintech firm Revolut plans expansion in Australia

The announcement comes as the company’s Australian customer base has exceeded one million.

Schroders and Apollo partner on wealth investment products in UK 

They intend to jointly develop new products that integrate both public and private fixed income assets from Schroders and Apollo. 

NatWest enters £2.7bn deal to acquire Evelyn Partners 

The combined business will oversee £127bn in assets under management. 

LHV Bank gains UK approval for consumer credit services 

This approval allows the bank to expand its retail products, with plans to offer overdrafts for current account holders in 2026.