US banks block third-party AI agents over transaction risks
Morgan Stanley has blocked third-party agents from accessing its platforms, although it had not seen any instances of unauthorised or…
Category: Banking
UniCredit wins ECB approval to take control of Commerzbank, targets year-end takeover
Andrea Orcel-led Italian banking giant UniCredit has received authorisation from the European Central Bank (ECB) to take control of Commerzbank. The…
Visa gets Beijing’s green light after 40-year wait to crack China
While Visa gets preliminary approval to enter a USD 143.9 trillion market dominated by UnionPay and mobile wallets, a final…
UniCredit-Commerzbank merger: EU antitrust decision due by November 16
UniCredit’s two-year pursuit of acquiring Commerzbank succeeded in July, as the German lender entered into M&A talks with its Italian…
Goldman CEO David Solomon, top executives set for over USD 500 million in ‘Special Equity Awards’
While Solomon is set to receive over USD 100 million, President John Waldron and three business heads also stand to…
John Waldron edges closer to Goldman CEO’s chair as David Solomon eyes exit by 2028
John Waldron’s Goldman career began in 2000, when he joined the investment bank after working alongside Solomon at Bear Stearns…
UniCredit-Commerzbank merger: Andrea Orcel eyes control, board overhaul ‘within months’
UniCredit plans to call an extraordinary general meeting once it receives the remaining regulatory approvals needed to take control of…
Remove Commerzbank leadership, asks UniCredit as Orcel meets German minister
Bettina Orlopp, the Commerzbank CEO, grabbed the headline for leading the months-long ownership battle over Germany’s second-largest bank UniCredit CEO…
IF Insights: Hong Kong wins back its bankers as listings machine roars again
and family offices, with the sharpest growth in roles tied to artificial intelligence integration, compliance and risk. That is a…
Gulf bank lending hits record USD 2.59 trillion, UAE leads growth
The figure, covering 55 listed GCC banks, was 2.6% higher than in the first quarter and 11.6% above the level…