All articles by BV Swagath
BV Swagath
Fifth Third announces acquisition of Rize Money, Inc.
Fifth Third Bancorp (NASDAQ: FITB) is pleased to announce the acquisition of Rize Money, Inc., an embedded payments platform that…
UBS Q1 2023 profit drops by 52% to $1bn
UBS has reported a 52% drop in its net profit at $1.03bn for the first quarter that ended 31 March…
First Mid Bancshares to acquire Wisconsin-based Blackhawk Bancorp for $90m
American bank holding company First Mid Bancshares has agreed to acquire Blackhawk Bancorp, the parent company of Wisconsin-based Blackhawk Bank,…
HSBC snaps up Silicon Valley Bank’s UK subsidiary for £1
HSBC said that HSBC UK Bank, its UK ring-fenced subsidiary, has acquired Silicon Valley Bank UK (SVB UK), the British…
British fintech Abound rakes in £500m for AI-based lending platform
UK-based consumer lending fintech Abound (formerly Fintern) has raked in more than £500m in a new funding round for its…
NatWest to take 85% stake in workplace savings fintech Cushon
NatWest Group has agreed to acquire a stake of 85% in UK-based a workplace savings and pensions fintech Cushon for…
FIS announces plans to spin off merchant business
FIS (NYSE: FIS or “the Company”), a global leader in financial services technology, today announced plans to pursue a tax-free spin-off…
ModernFi raises $4.5m in seed funding as banks embrace software to source deposits and manage balance sheets
ModernFi, which operates the first tech-enabled marketplace that allows banks to exchange deposits on demand, announced today that it has…
Cetera Financial to acquire Securian Financial’s retail wealth business
Cetera Financial Group, an American network of financial professionals, has agreed to acquire the retail wealth business of Securian Financial…
India inaugurates 75 digital banking units to promote financial inclusion
Indian Prime Minister Narendra Modi virtually inaugurated 75 digital banking units (DBUs) across 75 districts in the country with an…