All articles by Refna Tharayil
Refna Tharayil
SB Financial Group and Marblehead Bancorp announce agreement to merge
The merger agreement was unanimously approved by the Boards of Directors of both bank holding companies and their subsidiary banks
SBI plans to divest $2.2bn worth of shares in Yes Bank by end-March 2025
Japanese financial services institution Sumitomo Mitsui Banking and UAE-based Emirates NBD are reportedly in advanced discussions with SBI to acquire the stake in Yes Bank
Summit Financial adds Meeder Wealth Management
The firm offers differentiated value-add services, including investment management services to high-net-worth and mass affluent clients, retirement plan solutions, and corporate investment solutions
Scotiabank to acquire 14.9% stake in KeyCorp for $2.8bn
KeyCorp offers deposit, lending, cash management, and investment services to individuals and businesses in 15 American states and has $187bn in assets
Santander and Amazon launch new credit card Amazon Visa in Germany
Amazon Visa customers earn 1% rewards on Amazon.de purchases and 0.5% rewards on purchases when paying with their Amazon Visa elsewhere
Generali’s H1 2024 operating result increases 1.6% to €3.72bn
The company’s gross written premiums for the reported period that ended 30 June 2024 was €50.14bn, 20.4% higher compared to €42.24bn in the corresponding six months of the previous year
Pagaya and Castlelake announce forward flow agreement to purchase up to $1bn of consumer loans originated on Pagaya network
This transaction expands and diversifies Pagaya’s funding capacity, and adds a new, highly strategic funding partner to Pagaya’s network of over 120 institutional investors
ABN AMRO reports 26% decrease in Q2 2024 net profit to €642m
The lender’s operating income for the reported quarter was €2.17bn, 2% lower compared to the operating income of €2.22bn in Q2 2023
KUBRA to elevate Cayenta’s billing, payment, and customer communications experience through strategic partnership
With these solutions, Cayenta can enhance the utility customer experience by delivering streamlined bill production, payment processing, and customer communications solutions for a more convenient, intuitive user experience
NCR Voyix to sell cloud-based digital banking unit to Veritas Capital in $2.4bn deal
The digital banking unit offers a digital-first product suite designed to transform consumer and business banking by delivering a seamless, secure, and highly-rated user experience across all channels