Herald View
Analysis and perspective from the Banking Herald desk: the stories behind the headlines. Read all Herald View →
New research shows how US and EU sanctions sever correspondent banking links, push banks toward the yuan and leave clean payments exposed.
Swift’s blockchain ledger is live and moving real money, but mBridge, Nexus and dollar stablecoins are chasing the same ground. Customers are still waiting for faster, cheaper transfers.
On September 30, Swiss National Bank board member Petra Tschudin told an audience in Zurich that…
InvestGB, the investment arm of Gulf Bank, has gone live on Avaloq’s platform. Wealth management, portfolio…
Appointments
View AllBMO appoints U.S. General Counsel Tim Cox as U.S. Country Head and CEO of its U.S. subsidiaries from November 1. Darrel Hackett moves to an advisory role.
Truist hires Steve Boland as vice chair and Jeff Warner from PNC, moves Shimna Sameer to consumer banking, and Dontá Wilson leaves the bank.
Aurionpro appoints Krishnaraja Tantri, who spent nearly two decades at Global Payments, to lead its payments business.
Willis, a WTW business, has named Trevor Madden Head of Captive and Insurance Management…
First Horizon Bank has promoted Catherine Wood to Senior Vice President, Head of Commercial…
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AI & Technology
View AllInvesting.com’s new AI Investing Index puts California first for AI use among US investors, with New York only 13th.
Bank of America has launched Payments Insights, a new CashPro capability that gives corporate…
HSBC has launched HSBCnio, a digital solution for corporate and institutional clients that combines…
Mergers & Acquisitions
View AllDime Commercial Bancshares will buy Empire State Bank parent ES Bancshares for approximately $58 million in cash and stock, adding Staten Island deposits.
Krungsri has bought SHB’s remaining 50% of SHB Finance, completing a deal agreed in 2021. The Vietnamese lender is renamed SFinance.
Enova and Grasshopper Bancorp ended their merger deal on October 16, with Enova paying $4 million, a month after it pulled its OCC and Fed filings.
RBI has sanctioned the amalgamation of Emirates NBD’s Indian branches with RBL Bank. The three branches become RBL Bank branches on December 1, 2026.
Wealth & Investment
View AllSQN Capital Management and Jeremiah Silkowski have settled SEC charges and will exit advisory work, with a receiver set to wind down the firm’s equipment leasing funds.
Standard Chartered has launched the tenth sub-fund on its Variable Capital Company (VCC) platform, with…
SEI, a global provider of financial technology, operations, and asset management services, has opened an…
DBS and Avaloq have signed a memorandum of understanding to expand their 18-year partnership, aiming…
Ebix has launched Ebix Meridian, a new operating platform built for independent U.S. financial advisory…