All articles by BV Swagath
BV Swagath
N26 under BaFin scanner for inadequate measures against money laundering
German financial regulator BaFin has ordered challenger bank N26 Bank to implement appropriate controls and safeguards to prevent money laundering…
Google Pay enables US users to send money to India and Singapore
Google Pay has enabled users in the US to send money to the digital wallet’s India and Singapore users following…
UKGI wraps up HM Treasury’s sale of 5% stake in NatWest for £1.1bn
UK Government Investments (UKGI) has completed the sale of a 5% stake held by HM Treasury in NatWest Group for…
Commerzbank reaches agreement with employee unions over 10k job cuts
Commerzbank said that it has reached an agreement with employee representatives on cutting nearly 10,000 full-time roles by 2024, as…
MONETA Money to acquire Air Bank and other assets from PPF for $1.2bn
MONETA Money Bank has signed a framework agreement with Czech financial group PPF to acquire Air Bank and other assets…
ASIC sues Westpac for insider trading over $9.3bn Ausgrid deal
The Australian Securities and Investments Commission (ASIC) has launched proceedings against Westpac Banking in the Federal Court for alleged insider…
Farmers & Merchants to acquire Perpetual Federal Savings Bank for $103m
Farmers & Merchants Bancorp (F&M) has agreed to acquire Ohio-based Perpetual Federal Savings Bank (PFSB) in a stock-cum-cash deal worth…
Canadian fintech firm Wealthsimple raises $610m at $4bn valuation
Canadian fintech company Wealthsimple has raised CAD750m ($609.94m) in a new investment round to take its valuation to CAD5bn ($4bn).…
SGX, Temasek to set up digital asset infrastructure JV for capital markets
Singapore Exchange (SGX) has entered into a joint venture (JV) with Singaporean state-owned investment firm Temasek to advance digital asset…