News

Australian buy now, pay later (BNPL) services provider Zip Co has agreed to acquire its American rival QuadPay, expanding its reach to more than 3.5 million customers and 26,000 merchant partners worldwide. Through the deal, Zip Co aims to create...

Arizona Bank & Trust (AB&T), a subsidiary of Iowa-based Heartland Financial USA, announced that it will acquire certain operations of Johnson Bank in Arizona, from Johnson Financial, for an undisclosed amount. AB&T will acquire certain assets, and assume substantially all...

CaixaBank has joined forces with IBM Services to advance its transformation to hybrid cloud and improve its capability to develop advanced solutions to enhance client experiences. Under the partnership, the bank will tap on IBM Cloud Pak for applications running...

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 developing an FX trading and pricing engine, in conjunction with the Monetary Authority of Singapore...

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 and Astra International. Under the deal announced in December 2019, Bangkok Bank acquired 44.56% stakes each...

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 range of online and mobile banking, P2P, and mobile pay service, as well as a...

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 on global markets. The Texan bank holding companies also said that the pandemic has a significant...