All articles by Vidya Sagar Maddela
Vidya Sagar Maddela
Questrade secures banking licence for Questbank in Canada
The company received the ‘Order of Commencement and Carrying on of Business’, which is the final step in the federal banking licensing process.
State Street in talks to acquire stake in Indian mutual fund – report
The company intends to collaborate with the Indian firm by sharing its technology to help develop investment strategies.
Tangerine selects Engine by Starling for new digital banking platform
Tangerine will switch its core banking system to Engine by Starling’s cloud-native platform to boost its client experience.
Millennium Management divests 15% stake to investor group
This stake sale shifts the ownership structure of the hedge fund, which was previously entirely owned by its founder.
First Financial completes $2.2bn acquisition of Westfield Bancorp
The acquisition brings First Financial’s total assets to $20.6bn and strengthens its presence in the Midwest region of the US.
AssetMark to acquire Efficient Advisors to expand RIA footprint
Efficient Advisors brings approximately $3bn in client assets into AssetMark’s national RIA platform.
Hometown Financial completes acquisition of CFSB Bancorp
The acquisition increases Hometown Financial’s North Shore Bank’s total assets to $3.3bn, with 29 branches across eastern Massachusetts.
UniCredit raises stake in Alpha Bank to about 29.5%
This development marks the latest in a series of strategic investments by the Italian bank to expand its influence in Alpha Bank.
Indian regulator blocks SBI’s bid to increase stake in Investec JV-report
SBI Capital Markets, a subsidiary of State Bank of India (SBI), sought approval to increase its holding in the JV from 20% to around 40%.
Pepper Money in early talks to acquire Westpac’s RAMS portfolio
The Australian company said it is part of a consortium negotiating with Westpac over the acquisition of the RAMS portfolio.