All articles by Swagath Bandhakavi
Swagath Bandhakavi
Barclays to create standalone payment acceptance entity with Brookfield
Barclays plans to invest around £400m into the payments entity it will initially own in full, with the majority of the funding expected within the first three years
Warburg Pincus and ADIA to invest in IDFC FIRST Bank
The proposed issues are subject to shareholder and regulatory approvals
Bank of America Q1 2025 net income rises 10.5% to $7.4bn
Total revenue rose 6% year-on-year to $27.4bn, driven by gains in net interest income and increased noninterest income across all business segments
Securitize acquires MG Stover’s fund administration business to become the largest digital asset fund administrator
Securitize Fund Services now administers over $38bn in assets across 715 funds
KKR to acquire OSTTRA from S&P Global and CME Group for $3.1bn
OSTTRA was formed in 2021 to unify post-trade services across asset classes including interest rates, FX, credit, and equities
PayPal and TerraPay partner to expand access to cross-border payments across Middle East and Africa
This partnership aims to drive economic growth by making cross-border transactions faster, easy to use and more accessible by connecting banks, mobile wallets, and financial institutions
Wells Fargo posts $4.9bn profit for Q1 2025 amid revenue changes
The US-based financial services company reported a 3% decline in total revenue for the first quarter, dropping to $20.1bn from $20.8bn in the same period last year
First Financial Northwest announces closing of acquisition of First Financial Northwest Bank by Global Federal Credit Union
Following these distributions, First Financial Northwest expects to dissolve the company in accordance with Washington law
Lloyds deploys Google Cloud to expand AI transformation across operations
The move is part of a wider digital overhaul focused on boosting operational efficiency and advancing the development of data-driven financial solutions
Payoneer completes acquisition of a licensed China-based payment service provider
Through its acquisition of Easylink Payment, Payoneer becomes the third foreign payment platform licensed to provide online payment services in China