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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...
Prudential Vietnam and SeABank establish exclusive bancassurance partnership

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...
GDS Link introduces Modellica Engage digital lending solution for banks

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 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, 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, 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...
Merchants Bank chooses CALMS Compass for floorplan finance

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...
Standard Chartered, Quantexa partner to develop AI platform to combat financial crime

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$...
Digital business account Qonto opens in Germany

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 Asset Management

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)...

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