All articles by Refna Tharayil
Refna Tharayil
LGT to acquire Commonwealth Bank of Australia (CBA)’s personal advice business, Commonwealth Private Advice
Once completed, the transaction will solidify its position as a trusted partner for sophisticated private wealth clients
PNC Bank to invest additional $500m in branch expansion and renovation across US
The latest move will bring PNC Bank’s total branch investment to around $1.5bn, covering the establishment of more than 200 new branches and the renovation of 1,400 existing sites over the next five years
DFCU Financial announces intent to acquire Winter Park National Bank
Winter Park National Bank, founded in 2017, serves the Winter Park-Orlando-Kissimmee area with a strong reputation for customer service and personalized banking solutions
UBS pilots blockchain-based payment solution UBS Digital Cash
The pilot phase involved successful transactions with multinational clients and banks, including both domestic transactions within Switzerland and cross-border payments
American Plus Bank to acquire Long Beach, California branch of United Fidelity Bank
The transaction is subject to regulatory approval and is expected to be completed by the first quarter of 2025
Deutsche Bank invests €571m in India operations to drive growth
This capital injection, combined with retained earnings and other statutory reserves, boosts the regulatory capital of Deutsche Bank’s India branches to nearly $3.56bn
Australian Unity announces agreement to transfer banking business to Bank Australia
The transfer will include all banking customers and their loans, credit cards and deposit accounts, which at 30 June 2024 sat at 25,000 customers, $1.4b in loans and credit, and $1.6b in deposits
Mastercard and DTB partner on digital payment solutions across East Africa
Both parties will roll out a suite of innovative payment solutions, including customised card products and advanced transfer services for P2P, B2B, and P2B transfer services
Ingenico and Crypto.com partner to launch seamless crypto payment solution for millions of Ingenico merchants worldwide
Through this collaboration, Ingenico merchants can now accept crypto payments and receive funds settlement without currency risk in their local currency, such as EUR, GBP, AUD, or USD
UniCredit completes acquisition of majority stake in Alpha Bank Romania
The transaction was approved by the European Commission in June this year under the EU Merger Regulation