Author: Banking Herald

HSBC has agreed to sell its life and health insurance business in Singapore to Allianz for S$2.7 billion ($2.1 billion), shedding a non-core asset to focus…

India is preparing a common customer identification system that will let individuals access banking and insurance services without repeatedly submitting the same identity documents. The upgraded…

HDFC Life Insurance said sales through parent HDFC Bank are recovering after rival insurers ate into its share of the lender’s branch network over the past…

Lloyds is warning millions of credit card customers to update their payment details ahead of a switch from Mastercard to Visa, or risk having payments blocked.…

Brazil’s Pix, one of the world’s most successful instant-payment systems, has become a flashpoint between Brasília and Washington as the Trump administration moves to shield US…

`China’s central bank will inject a total of 2.1 trillion yuan ($310 billion) into the banking system through overnight reverse repos next week, moving to ease…

Revolut has secured a full Australian banking licence, the first global fintech to be granted an unrestricted Authorised Deposit-taking Institution (ADI) licence by the Australian Prudential…

Samsung Electronics launched its first US co-branded credit card with Barclays on Monday, its deepest move yet into financial services. The Samsung Galaxy Card is issued…

First Horizon Bank has promoted Catherine Wood to Senior Vice President, Head of Commercial Banking Strategy. The 15-year Raleigh banking veteran will now run the bank’s…

Truist Financial posted higher second-quarter profit as rebounding capital markets lifted investment banking and volatility kept trading desks busy. Investment banking and trading income climbed nearly…