All articles by Refna Tharayil
Refna Tharayil
NatWest to acquire Metro Bank mortgage portfolio
On completion of the transaction NatWest Group expects to welcome around 10,000 customer accounts which will continue to be serviced by Metro Bank, in accordance with current arrangements, following the transfer to NatWest Group
Flagstar Bank to sell residential mortgage servicing unit to Mr. Cooper for $1.4bn
The transaction involves mortgage servicing rights, advances, sub servicing contracts, and a third-party origination platform
Revolut receives UK banking licence
The global fintech now enters the PRA’s ‘mobilisation’ stage, having received authorisation with restrictions, designed for new banks to complete the build out of their banking operations
Deutsche Bank reports net attributable loss of €143m in Q2 2024
The German lender reported total net revenues of €7.6bn for Q2 2024, a 2.4% increase compared to €7.4bn for the same quarter of 2023
ACNB announces strategic acquisition of Traditions Bancorp
This strategic acquisition will result in a premier community bank that is locally headquartered, managed, and focused
UniCredit to acquire Vodeno and Aion Bank in €370m deal
Through the acquisition, UniCredit aims to enhance embedded finance offering and boost the proposition for individuals and small medium sized enterprises
ACI Worldwide extends strategic partnership with Worldpay
The agreement will see ACI continue to provide critical infrastructure to Worldpay to support merchants worldwide
BBVA to boost cybersecurity of operations with Telefónica Tech
The alliance between the parties also involves the establishment of a new specialised cybersecurity centre in Mexico that will serve as a counterpart to BBVA’s existing Global Cybersecurity Centre in Spain
New York Community Bancorp closes of sale of mortgage warehouse loans to Jpmorgan Chase Bank
The Company expects to close on an additional $200 million of mortgage warehouse loans in the near future, once necessary customer approvals are received
UK CMA clears Nationwide Building Society’s £2.9bn acquisition of Virgin Money UK
The British competition watchdog found that the proposed merger will not result in a realistic prospect of a substantial lessening of competition in the supply of owner-occupied mortgages, buy-to-let mortgages, and credit cards