The Government of India has named Fairfax strategic buyer for 60.72% of IDBI Bank at ₹81 a share, about US$5.6 billion, with plans to fold Digit and IIFL Capital into the bank.
StraitsX, the MAS-licensed issuer of XSGD and XUSD, has partnered Visa to extend its stablecoin-backed card issuing beyond Asia to more than 100 markets.
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 AllWillis, 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…
Allianz Partners, a world leader in B2B2C insurance and assistance, has appointed Carsten Staat…
Income Insurance Limited has announced the appointment of Lim Sim Seng as Chairman of…
The former Deutsche Bank dealmaker brings over 25 years of experience as Standard Chartered…
Banking
First Citizens Bank has launched First Citizens Innovation Banking, the new name for its former Silicon Valley Bank Technology & Healthcare Banking division.
Commonwealth Bank is cutting its Merchant Service Fee for in-store payments from 1.1 per cent to 0.99 per cent per transaction, effective 1 October 2026, for eligible customers on its…
Bank of America has agreed to acquire information security specialist MDSec Consulting Limited, adding technical firepower to its cyber defences. The deal…
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Payments & Cards
PayRange has named four new executives, with former KioSoft CEO Charles Lee as Executive Chair, a year after the two companies combined.
Fintech
Standard Bank Group will invest up to $200 million in OPay through Stanbic Africa Holdings, tied to OPay’s proposed NYSE IPO, and the two plan to explore a partnership.
AI & Technology
View AllBank of America has launched Payments Insights, a new CashPro capability that gives corporate and commercial clients intelligence on payment efficiency, cross-border flows and working-capital performance on their…
HSBC has launched HSBCnio, a digital solution for corporate and institutional clients that combines…
Infosys and ABN AMRO Bank, one of the largest banks in the Netherlands, have…
Form3, an account-to-account payments infrastructure provider trusted by Tier 1 banks including Barclays, Santander,…
Editor's Picks
Mergers & Acquisitions
View AllFNBO has agreed to acquire Denver-based InBankshares Corp. in a cash deal valued at up to $204 million, expanding its presence across Colorado and northern New Mexico. The acquisition will add nine Colorado branches and four New Mexico locations, strengthening FNBO’s footprint in key Mountain West markets.
InsuranceDekho and RenewBuy are merging to create India’s largest insurance distribution platform, combining a ₹6,600 crore premium book, 600,000+ digital partners and access to 52 insurers across a pan-India network.
The deal brings a two-million-user youth banking platform into Barclays UK, with US…
Raiffeisen Bank International has now received acceptances covering more than half of Addiko’s…
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…