All articles by Refna Tharayil
Refna Tharayil
Atlantic Union Bankshares to acquire Sandy Spring Bancorp in $1.6bn deal
The combined company will have pro forma total assets of $39.2bn, deposits of $32bn, and gross loans amounting to $29.8bn
DNB Bank acquires Carnegie
The Transaction is subject to approvals from authorities in applicable jurisdictions and is expected to close in the first half of 2025
American Express’ Q3 2024 net income increases by 2% to $2.5bn
The total revenue of the bank holding company in Q3 2024 ended 30 September 2024 was $16.6bn, a growth of 8% compared to $15.4bn in the corresponding quarter of the previous year
BRI partners with Nium to expand real-time cross-border payment solutions
This partnership empowers more than 150 million BRI account holders, including those in remote regions of Indonesia, to access modern, real-time cross-border payment services
Flagstar Bank to cut nearly 1,900 jobs amid cost reduction efforts
The initial phase of job reductions has eliminated around 700 positions across Flagstar’s operations, representing about 8% of its workforce
Premier Bank, Mastercard, and Tappy Technologies launch tokenisation-passive payment wearables
This solution marks a major milestone in the continent’s payment ecosystem, introducing secure, contactless transactions through cutting-edge wearable technology
Summerland and RAB plan merger to create $3.2bn localised banking entity
Through the proposed merger, Summerland Bank and Regional Australia aim to increase their market share and presence across Australia’s regional populations
Commonwealth Bank pays $7.5m for more spam breaches
ACMA Chair Nerida O’Loughlin said the further breaches and vast scale of CBA’s non-compliance was unacceptable
BNY’s Q3 2024 net income increases by 14% to $1.2bn
The total revenue of the company in Q3 2024 ended 30 September 2024, was $4.65bn, a growth of 5% compared to $4.42bn in the corresponding quarter of the previous year
CBC Bancorp & Bay Community Bancorp achieve milestone in proposed merger
As a privately held bank, CBB will remain a division of Commercial Bank of California for the long term