Revolut to offer FDIC-insured products in US as Gen Z’s banking goes digital
Cetin Duransoy, Revolut’s US CEO, expects the American entity to start its operations in 2027, with headquarters in Stamford and…
Category: Finance
JPMorgan, Goldman Sachs, Mizuho to guide SoftBank’s IPO efforts
SoftBank-backed SB Energy, through its IPO, is reportedly seeking a valuation of over USD 50 billion in its market debut…
UniCredit vs Commerzbank: German lender rejects fresh takeover bid
Commerzbank executives, along with Germany’s government and bank employees, have long criticised UniCredit’s tie-up attempt as hostile Germany’s Commerzbank has…
Intesa Sanpaolo registers profit hike, won’t pursue Generali takeover
In the January-March 2026 period, Intesa’s revenue rose 5% to 7.15 billion euros (USD 8.4 billion), above an LSEG estimate…
Saudi Arabia leads GCC fixed income market in Q1 2026 surge
Saudi Arabia GCC fixed income market dominates Q1 2026 as the Kingdom captures majority share of regional issuances, highlighting strong…
JPMorgan hires top tech investment talents from Bank of America
JPMorgan has also announced the appointment of Riaz Ladhabhoy as the new vice chair of its tech investment banking group…
Westpac NZ launches Microsoft AI tool to support customer conversations
Westpac has already rolled out the Microsoft Dynamics 365 Contact Centre as a Service platform Westpac NZ, a provider of…
Saudi banks hold assets worth USD 1.33 trillion
Saudi Arabia’s total bank credit jumped to SR3.30 trillion by 2025-end, fuelled by strong demand for corporate financing tied to…
Andrew Bailey-led Financial Stability Board publishes its 2025 annual report
Andrew Bailey noted that the FSB must continue to evolve to be fit for purpose in an ever-evolving world, a…
As threat of war looms, Europe hikes spending on military and defence equipment
According to the IISS, Europe accounted for around 21% of global military spending in 2025, and approximately $100 billion more…