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British Digital Bank Monzo in Talks to Buy Nordic Lender Lunar
Date: July 12, 2023
British digital bank Monzo in talks to buy Nordic lender Lunar LONDON (Reuters) – British digital bank Monzo is in early stage discussions about a potential acquisition of Nordic lender Lunar Group, a person familiar with the matter told Reuters. Bloomberg News reported the talks earlier on Wednesday, adding that Monzo had studied other potential...
Global Banking and Finance Review Recognizes Cimb Vietnam for Excellence in Innovation – Digital Banking Vietnam 2023
Date: July 5, 2023
CIMB Vietnam, a leading digital bank in Vietnam, has been honoured with the Excellence in Innovation – Digital Banking Vietnam 2023 award by Global Banking and Finance Review in the prestigious Global Banking & Finance Awards®. This recognition highlights CIMB Vietnam’s exceptional achievements and advancements in the field of digital banking with their outstanding strategy....
Relationship Between Central Banks and Commercial Banks
Date: June 12, 2023
Relationship between central banks and commercial banks The relationship between central banks and commercial banks is a crucial component of the financial system. Central banks and commercial banks play distinct but interdependent roles in the economy, working together to maintain stability, facilitate monetary policy, and ensure the smooth functioning of the financial sector. What are...
Italy’s Mps Vows to Keep Delivering After Sharp Profit Jump
Date: May 9, 2023
Italy’s MPS vows to keep delivering after sharp profit jump By Valentina Za MILAN (Reuters) -Italy’s Monte dei Paschi di Siena (MPS) pledged on Tuesday to maintain the state-owned bank’s performance after reporting a much bigger than expected first quarter net profit. Under CEO Luigi Lovaglio, MPS completed a make-or-break 2.5 billion euro ($2.8 billion)...
Jp Morgan to Buy First Republic’s Assets and Assume Deposits
Date: May 1, 2023
JP Morgan to buy First Republic’s assets and assume deposits (Reuters) -United States regulators said on Monday First Republic Bank has been seized and a deal agreed to sell the bank to JPMorgan Chase & Co, in what is the third major U.S. institution to fail in two months. The banking giant will take $173...
BBVA’s Q1 Net Profit Rises 39% on Lending Income and Mexico
Date: April 27, 2023
BBVA’s Q1 net profit rises 39% on lending income and Mexico By Jesús Aguado MADRID (Reuters) – Spain’s BBVA on Thursday said its first quarter net profit rose 39.4% from the same quarter in 2022 thanks to a solid performance in Mexico, its main market, which offset the impact from a banking tax in Spain....