All articles by Refna Tharayil
Refna Tharayil
FTC orders shut down unauthorised billing and credit card laundering schemes, require turnover of assets valued at about $40m
The three orders permanently ban all defendants from marketing or selling any product or service using a negative option feature
JTC to acquire Citi Trust from Citigroup in $80m deal
The transaction will significantly expand JTC’s US trust platform, complementing its recent acquisitions of New York Private Trust Company, South Dakota Trust Company, and First Republic Trust Company of Delaware
BNY to launch Alts Bridge platform broadening investor access to alternative products
Designed to deeply integrate into intermediaries’ existing desktops, beginning with BNY Pershing X’s Wove advisory platform and NetX360+, with cutting-edge AI and analytics tools that are designed to reduce manual processing and error rates, Alts Bridge creates a powerful solution for investors, advisors, and the home office
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