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New directory for financial services workers proposed by FCA
The new directory intends to help consumers and firms check the status and history of individuals working in financial services. It…
Gresham acquires cash and payments software developer B2 Group
B2 Group offers payments, funds and FX automation and integration STP software and consultancy solutions. Its clients include banks, corporates,…
Scotiabank buys Citibank’s consumer and SME operations in Colombia
The acquisition will help Scotiabank Colpatria to expand its presence in credit cards segment. The deal adds over 500,000 new…
Societe Generale to buy Commerzbank’s EMC business
The French banking and financial services company said that the transaction is part of its strategy to further extend its…
Airwallex secures $80m funding to advance smart cross-border payment technology
The company has completed series B fundraising from existing series A investors Tencent and Sequoia, as well as China-based Hillhouse,…
BofA Merrill enhances CashPro Mobile with biometrics and embedded token
The enhancements are expected to help users to access the CashPro Mobile platform and complete payment approvals in a quicker…
Nordea to buy Gjensidige Bank for EUR578m
Nordea has also entered into a long-term strategic mutual distribution partnership with Gjensidige in Norway. Gjensidige provides private individuals with…
IRDAI approves LIC’s proposal to increase stake in IDBI Bank
LIC is likely to invest between Rs110bn-130bn ($1.6bn-1.89bn) in several tranches to buy the additional 41% stake in the IDBI…
FCA chief executive says there is no such thing as free banking
The FCA has provided an update on its strategic review of retail banking business models, which focused on personal current accounts…
Natixis acquires UK credit specialist MV Credit
Established in 2000, MV Credit is an independently managed private credit firm that focuses on upper mid-cap private debt. Natixis…