All articles by Surya Rao Akella
Surya Rao Akella
People’s Bank of Commerce to acquire Willamette Community Bank
People’s Bank of Commerce (PBCO) has signed an agreement to acquire Albany-headquartered full service bank Willamette Community Bank. The combined…
Commerzbank posts net loss of €69m for September quarter
German banking group Commerzbank has announced a net loss of €69m for the third quarter (Q3) of 2020, compared to…
Crédit Agricole posts 19% drop in net income for September quarter
French cooperative bank Crédit Agricole has announced a 18.5% drop in its net income for the third quarter of 2020. The…
BNP Paribas reports 2.3% drop in net income for Q3 2020
French banking giant BNP Paribas has reported a net income attributable to shareholders of €1.9bn for the third quarter (Q3)…
Refinitiv to acquire fraud prevention services provider GIACT
Refinitiv, a financial market data provider, has agreed to acquire GIACT, a digital identity, payments verification and fraud prevention services…
ANZ posts 40% drop in annual profit to $2.53bn
The Australia and New Zealand Banking Group (ANZ) has posted a profit after tax of A$3.58bn ($2.53bn) for the full…
UBS launches new initiative to invest $200m in fintech firms
Swiss banking giant UBS has launched a new initiative UBS Next with a portfolio of $200m to invest in fintech…
Charles Schwab to cut 1,000 jobs to streamline branch network
American financial services provider Charles Schwab has announced nearly 1,000 job cuts following the acquisition of TD Ameritrade that closed…
London Stock Exchange reports £551m gross profit for Q3
London Stock Exchange (LSE) has reported a gross profit of £551m for the third quarter (Q3), a 4% increase compared…
Wells Fargo looks to sell asset management business
American financial services provider Wells Fargo is reportedly considering the sale of its asset management business. The firm’s asset management…