All articles by Refna Tharayil
Refna Tharayil
US district judge rejects Visa and Mastercard’s $30bn settlement with merchants
The allegation by many merchants and trade groups on Visa and Mastercard is that card fees would remain excessively high apart from the two firms retaining extreme control over card transactions
Dogwood State Bank and Community First Bancorporation announce receipt of regulatory approvals for merger
The regulatory approvals follow the approvals from the shareholders of each of Dogwood and Community First
Alpha Star Acquisition to merge with financial technology solutions firm Xdata
Xdata Group offers various specialised products, including an internet banking suite, mobile banking apps for banks, and EMIs as well as a customer relationship management solution
Digital mortgage lender nesto acquires mortgage finance company CMLS
The enlarged entity following the acquisition will have over C$60bn ($43.8bn) in mortgages under administration
Natwest to acquire Sainsbury’s Bank’s retail banking assets and liabilities
The acquisition comprises nearly £2.5bn of gross customer assets, encompassing £1.4bn of unsecured personal loans and £1.1bn of credit card balances along with around £2.6bn of customer deposits
PeoplesBank and Cornerstone Bank announce merger of holding companies
Two mutual banks will benefit from combined strength while continuing separate operations
FINMA concludes $3.4bn merger of UBS and Credit Suisse
The Swiss financial market supervisor said that UBS’ acquisition of Credit Suisse will not eliminate effective competition in any market segment after an extensive review
GPS Capital Markets enters into agreement to be acquired by Corpay
By combining the strengths of GPS Capital Markets and Corpay, we are uniquely positioned to deliver unparalleled value in the market
Nuvei gets shareholder approval for $6.3bn go-private deal with Advent
The Canadian fintech company’s subordinate voting and multiple voting shareholders cast 99.24% votes supporting the proposed transaction under section 192 of the Canada Business Corporations Act
Abacus Group acquires Tribeca to continue growth in UK financial services sector
The acquisition strengthens Abacus’ position as one of the largest MSPs in the UK financial services sector