Deutsche Bank to introduce e-FX trading hub in Singapore
German bank Deutsche Bank announced its plans to launch an electronic foreign exchange (e-FX) hub in Singapore. The bank will establish the hub by...
Bangkok Bank wraps up $2.3bn acquisition of 89% stake in Bank Permata
Bangkok Bank has wrapped up its previously announced acquisition of a stake of 89.12% in Indonesian lender Bank Permata for $2.28bn from Standard Chartered...
Digital-Only ZYNLO Bank selects Madison, Wisconsin, for launch
ZYNLO Bank (ZYNLO), a digital-only startup powered by PeoplesBank, has launched in Madison, Wisconsin. As a comprehensive digital bank offering, ZYNLO provides a wide...
Aviva first quarter 2020 earnings impacted by Covid-19 pandemic
Aviva said that its life new business sales had risen 28% to £12.3bn for the first quarter of 2020, compared to £9.6bn for the...
Texas Capital Bancshares, Independent Bank scrap $5.5bn merger deal
Texas Capital Bancshares and Independent Bank Group have mutually scrapped their previously announced $5.5bn merger deal owing to the impact of the Covid-19 pandemic...
Samsung, SoFi and Mastercard partner to offer Samsung Money by SoFi
Samsung Electronics America, in partnership with fintech company SoFi and Mastercard, has rolled out a new mobile-first money management offering Samsung Money by SoFi. The...
Sony to take full ownership of Sony Financial for $3.7bn
Japanese conglomerate Sony announced that it will take full ownership of Sony Financial Holdings (SFH), its financial services business arm via a tender offer...
EBRD announces new $55m loan to Turkey’s Garanti BBVA
The European Bank for Reconstruction and Development (EBRD) is providing a new boost to Turkey’s banking sector amid the coronavirus pandemic with a US$...
Intesa joins forces with TIM and Google for digitalisation project
Intesa Sanpaolo has entered into a partnership with Italian telecommunications company Telecom Italia (TIM) and Google in a move to accelerate its digitalisation efforts...
BNP Paribas first quarter 2020 net income down by 33% at €1.3bn
BNP Paribas reported a 33.2% decline in its net income attributable to equity holders at €1.28bn in the first quarter of 2020 (Q1 2020)...