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UniCredit to lay off 8,000 employees, close 500 branches under new plan
Italian banking group UniCredit will lay off nearly 8,000 employees and close around 500 branches in the next three years…
Zopa secures $181m funding from IAG Capital
Zopa Group announced it has secured £140m (181m) funding from IAG Silverstripe, an investment arm of IAG Capital. Founded in…
UK CMA says HSBC and Santander to refund millions over overdraft charges
The UK Competition and Markets Authority (CMA) said that banking majors HSBC and Santander have agreed to refund their respective…
Scotiabank to sell British Virgin Islands operations to Republic Bank
Canadian bank Scotiabank has signed an agreement with Republic Financial Holdings (Republic Bank) to sell its operations in the British…
Citibank fined £44m for inaccurate regulatory reporting
UK’s financial services regulatory body Prudential Regulation Authority (PRA) has imposed a fine of £43.9m ($56.4m), on Citibank’s UK operations,…
Paytm secures new funding from existing and new investors
Indian e-commerce payment system and financial technology company Paytm has announced its latest equity fundraise from a group of investors.…
Barclays, Hitachi develop new finger vein scanner for business banking
Barclays has collaborated with Hitachi to develop the Barclays Biometric Reader (BBR), a new finger vein scanner designed to help…
HSBC selects MuleSoft’s Anypoint Platform to build bank of the future
MuleSoft, a subsidiary of Salesforce, announced that HSBC has selected its Anypoint Platform to build a digital banking platform to…
Embark to acquire Zurich’s investment businesses in UK
UK-based financial services provider Embark has agreed to acquire Sterling ISA Managers, an investment and retail platform business of Zurich,…
PayPal to acquire shopping and rewards platform Honey Science for $4bn
Digital payments company PayPal has agreed to acquire Honey Science, a Los Angeles-based shopping and rewards technology platform, for about…