Digital banking infrastructure provider Signzy has acquired Bengaluru-based Difenz, a fraud risk management solutions provider, in a cash-and-equity deal at a valuation of $5 million. Founded in 2020 by Madhu Srinivas...
Barclays to buy most of Tesco’s banking arm for $757 million
Barclays will buy most of the banking operations of Britain’s biggest supermarket group Tesco for about 600 million pounds ($757 million), the companies said on Friday. The deal follows last month’s move by...
HSBC completes sale of retail banking business in France
HSBC subsidiary HSBC Continental Europe (HBCE) has completed the sale of its retail banking business in France to Crédit Commercial de France (CCF), a subsidiary of My Money Group, the British lender said in a statement...
Barclays explores deal for Tesco banking business
Barclays has been exploring a potential acquisition of Tesco’s banking operations, two people familiar with the matter told Reuters. The British food retailer has asked prospective buyers to submit non-binding...
Fintech firm Slice set to enter banking via merger with SFB
Credit and payments unicorn Slice announced its merger with Guwahati-based North East Small Finance Bank (NESFB), in a rare instance of a fintech entering the banking sector. Bengaluru-based Slice, which also holds an...
Australia’s Westpac fails to sell pacific banking business
Australian lender Westpac said it had cancelled the sale of its Fiji and Papua New Guinea businesses, ending a years-long process that was beset by regulatory problems. The company has been trying to leave the pacific...
Novopay to spin off retail biz, focus on banking software
Khosla Ventures-backed Novopay Solutions Pvt. Ltd is in the process of demerging its retail business. The company will now only house its banking software business, which was recently rebranded as ‘Trustt’, chairman...
SVB agrees to sell its investment banking division
SVB Financial Group said it has entered into an agreement to sell its investment banking division, SVB Securities, to a group led by Jeff Leerink and backed by funds managed by The Baupost Group. The bidder group led by...
Cenkos to merge with finnCap in $26 mln UK investment banking deal
London-listed investment banks Cenkos Securities and finnCap Group will merge in a 21 million pound ($25.9 million) all-stock deal, creating one of the UK’s biggest financial services advisory firms focused on...
Japan Post considers nearly $9 bln sale of stake in banking business -sources
Japan Post Holdings Co is considering cutting its stake in its Japan Post Bank Co business by around a third by the end of next month, in a share sale potentially worth nearly $9 billion, people familiar with the matter...
Promsvyazbank buys SMP for Russia’s second major banking tie-up in Dec
Russia’s Promsvyazbank said on Friday it had bought its competitor SMP Bank, without disclosing the price of the deal, the latest banking sector tie-up after No.2 lender VTB snapped up Otkritie from the Bank of...
Goldman Sachs plans major rejig, to merge trading and banking units
Goldman Sachs is planning a major reorganization as part of which its storied investment banking and trading businesses will be combined, while consumer banking will be absorbed by its wealth unit, the Wall Street...