All articles by Vidya Sagar Maddela
Vidya Sagar Maddela
PNC secures regulatory approval for FirstBank acquisition
Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, and the Colorado Division of Banking approved the deal.
Revolut to recruit new team to expand wealth management offering
Revolut is recruiting candidates with backgrounds in investment banking, asset management, or private capital advisory.
Aberdeen Investments to acquire $2bn CEF assets from MFS
Aberdeen’s fixed income global head, Jonathan Mondillo, will manage both funds.
BBVA, OpenAI partner to boost AI application in banking sector
OpenAI will support BBVA’s AI strategy to improve customer experiences and optimise the bank’s operations.
Hamilton Lane to distribute private-market funds in Taiwan – report
The company aims to expand its client base in Taiwan beyond local insurers to include high-net-worth individuals.
Capital Bank deploys Diebold Nixdorf VCP-Pro 7 software for ATM network
This move part of the Jordanian bank’s ongoing digital transformation.
Enova to acquire Grasshopper Bank for up to $369m
The deal combines Enova’s online lending operations for consumers and small businesses with Grasshopper’s digital banking platform.
OnCorps AI secures $55m to expedite product innovation
The company will use the funding to expand its infrastructure to serve asset management clients.
HSBC to pay $300m to settle French tax investigation –report
This settlement with PNF is expected to resolve HSBC’s criminal case and a related civil tax claim by French authorities.
Barclays makes strategic investment in United Fintech
United Fintech provides infrastructure and technology for financial institutions, asset managers, and wealth managers.