All articles by Vidya Sagar Maddela
Vidya Sagar Maddela
Nubank plans to secure Brazilian banking license next year
Nubank stated that adding a banking institution to the group will not significantly change its capital or liquidity requirements.
Creative Planning acquires US registered investment advisor Burt Wealth
The acquisition of Burt Wealth Advisors is expected to expand Creative Planning’s presence and increase its AUM.
Laurentian Bank to sell operations to Fairstone Bank, National Bank of Canada
In 2023, Laurentian Bank announced a review of its strategic options, including a possible sale, which ended without finding a buyer.
Wealthfront announces plans for IPO and Nasdaq listing
Wealthfront targets a valuation of up to $2.05bn and aims to raise $485m by offering 34,615,384 shares.
Goldman Sachs agrees to acquire Innovator Capital for $2bn
Innovator currently manages 159 defined outcome ETFs.
JP Morgan to double Swiss private banking business by 2030
JP Morgan managed $55.6bn in Swiss private banking assets at the end of last year.
Associated Banc-Corp to acquire American National for $604m
American National’s banking subsidiary will integrate into Associated Banc-Corp’s subsidiary, Associated Bank.
HSBC partners with Mistral AI to advance generative AI adoption
The collaboration aims to enhance HSBC’s business processes, save employees time, and improve service for millions of customers worldwide.
India’s banking regulator issues digital banking guidelines
RBI requires the banks to record or document the explicit consent of customers before providing digital banking services.
Goldman Sachs to expand Birmingham office with 500 new roles
The move is expected to double the current headcount at the financial firm’s Midlands outpost in the UK.