All articles by Refna Tharayil
Refna Tharayil
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
TD Bank agrees to remedial action over US BSA and AML compliance failures
In line with the settlement, TD Bank will pay around $3.09bn and redress its US AML programme
Banked gains foothold on Australia’s real-time payments market with acquisition of Waave
The acquisition of Waave demonstrates a commitment from Banked to deliver on its vision to create a truly global Pay by Bank network, leveraging its expertise and technology to capture growing demand in new markets
HSBC likely to target senior bankers in up to $300m restructuring plan
Led by Georges Elhedery, the cost-cutting move will focus on merging the bank’s commercial banking division with its global banking and markets unit
Alerus Financial completes acquisition of HMN Financial
Under the terms of the transaction, HMN Financial, Inc. merged with and into Alerus Financial Corporation, and Home Federal Savings Bank merged with and into Alerus Financial, National Association
HAPO to acquire financial services provider Community First Bank
The enlarged entity is expected to have around $2.9bn in assets, $2.5bn in deposits, and $2.2bn in loans
Grasshopper Bancorp and Auto Club Trust, FSB announce definitive merger agreement
The transaction has been unanimously approved by the boards of directors of each company and, subject to customary closing conditions, including regulatory approval, is expected to close in the first half of 2025