All articles by Refna Tharayil
Refna Tharayil
Alpha Star and XDATA announce merger agreement
Following the closing of the proposed transaction, Xdata will operate as a publicly traded company on the Nasdaq stock market through a Cayman Islands-exempted entity incorporated by Alpha Star
CFPB sues Horizon Card Services and CEO Robert Kane for illegally baiting, gouging, and trapping families in high-fee credit cards
The CFPB alleges Horizon and Kane lured consumers into the membership program through deceptive marketing
UK announces new rules for banks to deliver financial stability and investment
New rules for banks and building societies will ensure the UK financial system is resilient, competitive and promotes investment in the UK economy
EQT mulls sale of majority stake in Banking Circle valued at $2bn
Acquired by EQT in 2018, Banking Circle offers advanced mission-critical infrastructure for cross-border payment processing, designed to simplify operations and reduce time and costs
CFPB orders TD Bank to pay $28m for breakdowns that illegally tarnished consumer credit reports
The information included systemic errors about credit card delinquencies and bankruptcies
Camden National to acquire Northway Financial in $87m deal
The enlarged entity will have 74 branches across a contiguous footprint in New Hampshire and Maine, with nearly $7bn in assets, $5.1bn in loans, $5.5bn in deposits, and $2bn of AUA
Globant acquires Blankfactor to strengthen payments, banking, and capital markets practice in US
The company specializes in delivering consulting-led product engineering, data engineering, and enterprise AI solutions
NBT Bancorp to merge with Evans Bancorp in $236m deal
Through the merger with Evans Bancorp, NBT Bancorp aims to expand its growing footprint to Western New York
PayPal partners with Shopify to power portion of Shopify Payments in US
PayPal will become an additional provider for processing online credit and debit card transactions for Shopify Payments in the US
US FERC approves BlackRock’s $12.5bn acquisition of GIP
Through the transaction, BlackRock and GIP aim to create a multi-asset class infrastructure investing platform with combined client AUM of more than $150bn across equity, debt, and solutions