All articles by Refna Tharayil
Refna Tharayil
NY Attorney General launches probe into Capital One’s $35.3bn deal with Discover Financial
Capital One Financial and Discover Financial Services hold over $9.5bn and $6.5bn in credit card loans, respectively
Deutsche Bank reports first-half 2024 profit before tax of €2.4bn
Post-tax profit was € 52 million, down from €940 million in the prior year quarter
Deutsche Börse reports 13% increase in Q3 2024 net profit to €469m
For the third quarter of 2024, Deutsche Börse reported a growth of 18% in its net revenues at €1.4bn
HSBC announces simplified organisational structure
The changes will reduce the duplication of processes and decision making that are built into the current structure and will result in greater alignment and agility in serving our customers
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