All articles by Vidya Sagar Maddela
Vidya Sagar Maddela
UBS may cut 10,000 jobs by 2027 – report
The potential job cuts may represent around 9% of the bank’s total workforce.
Barclays considers bid for UK wealth manager Evelyn Partners – report
The potential acquisition would allow Barclays to expand its presence in the mass-affluent segment.
India prepares to invite bids for $7.1bn IDBI Bank stake – report
The government plans to sell 60.72% of IDBI Bank, which totals up to $7.1bn, based on the bank’s current market valuation.
Summit Financial invests in Ivy Wealth Management
Summit Financial’s minority-stake investment in Ivy Wealth Management adds $500m in client assets.
Vanguard plans to expand in Miami to target Latin American wealth – report
Vanguard also plans to expand offshore services in other US locations, including California and Houston, within the next 12 to 18 months.
NTB secures approval to acquire HSBC Sri Lanka’s Retail Banking operations
The acquisition would add around 200,000 customer accounts to NTB, including premium banking clients.
Bendigo Bank to acquire RACQ’s retail deposit business
The acquisition will see the transfer of more than 90,000 RACQ Bank customers to Bendigo Bank, pending regulatory approval.
Mercer Advisors acquires Glass Jacobson
The deal strengthens Mercer Advisors’ presence in the Mid-Atlantic region and expands its reach across the Baltimore and Washington.
MPS board set to discuss investigation on CEO and two shareholders-report
Italian prosecutors are investigating allegations of market rigging and obstruction of supervisory activities related to MPS’s recent acquisition of Mediobanca.
Daiwa Securities to invest $32m in Indian’s Ambit Wealth
Daiwa Securities will appoint one member to Ambit Wealth’s board of directors.