All articles by BV Swagath
BV Swagath
UOB to buy Citi’s consumer business in four Southeast Asian countries for $3.65bn
United Overseas Bank (UOB), a Singaporean banking organisation, has agreed to acquire the consumer banking franchises of Citigroup (Citi) in…
Civista Bancshares to acquire rival bank holding firm Comunibanc for $50m
Civista Bancshares has agreed to acquire rival Ohio-based bank holding company Comunibanc for about $50.2m in a stock and cash…
IFAST, Eagles Peak to acquire UK-based digital lender BFC Bank
IFAST, a Singaporean wealth management fintech platform, has signed a deal alongside its partner, Eagles Peak, to acquire BFC Bank…
HSBC to acquire mutual fund business of L&T Finance for $425m
HSBC, through its indirect fully-owned subsidiary HSBC Asset Management (India), has agreed to acquire L&T Investment Management (LTIM), the mutual…
Citi to sell Philippines consumer banking unit to UnionBank
Citi has agreed to sell its consumer banking franchise in the Philippines to UnionBank of the Philippines. As per the…
Standard Chartered Q3 2021 profit surges by 376% to $767m
Standard Chartered has reported a net profit of $767m for the third quarter of 2021 (Q3 2021), an increase of…
Bank of Ireland signs deal to acquire KBC’s Irish assets for €5bn
Bank of Ireland Group has agreed to acquire substantially all of the performing loan portfolios and deposits of KBC Bank…
China infuses $18.6bn into banking system amid Evergrande crisis
The People’s Bank of China (PBOC) has injected CNY120bn ($18.6bn) into the country’s banking system in an effort to keep…
Swedish payments firm Klarna raises $639m in new funding round
Swedish fintech company Klarna has raised $639m in a new equity funding round led by SoftBank’s Vision Fund 2 to…
National Australia Bank closes $1.1bn sale of MLC Wealth to IOOF
National Australia Bank (NAB) has wrapped up its previously announced A$1.44bn ($1.11bn) sale of MLC Wealth, the bank’s wealth management…