All articles by Refna Tharayil
Refna Tharayil
Wells Fargo enters into agreement with Trimont to sell non-agency third-party servicing segment of commercial mortgage servicing business
The transaction is expected to close in early 2025, subject to satisfaction of customary closing conditions
Bitwise snaps up physical bitcoin ETP issuer ETC Group
Through the acquisition, Bitwise will expand into Europe and add nine European-listed crypto ETPs to the company’s portfolio of ETPs, hedge fund solutions, and separately managed accounts
National Bank of Egypt collaborates with Mastercard to issue Egypt’s first touch card empowering visually impaired customers
To increase access to financial services, NBE has appointed 100 visually impaired employees and trained 400 staff members in sign language across 230 branches
Westpac reports steady net profit of $1.2bn in Q3 2024
The net interest margin of the Australian banking and financial services company for the reported quarter was 1.92%, compared to 2.06% in Q3 2023
Morrow Bank acquires Lunar Bank´s Swedish consumer loan portfolio
This transaction is in line with the Morrow Bank´s communicated strategy to pursue structural opportunities to drive growth and accelerate value creation
Swiss lender UBS reports 96% drop in Q2 2024 net profit to $1.14bn
The sharp drop is mainly attributed to the absence of the substantial negative goodwill gain from the Credit Suisse acquisition that boosted last year’s results
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