In a bold move that could redefine Italy’s banking landscape, Banca Monte dei Paschi di Siena (Monte Paschi) has launched an unexpected €13.3 billion bid to acquire its larger rival, Mediobanca SpA.
The Bank of Japan (BOJ) is anticipated to raise its benchmark interest rates as the country grapples with persistent inflationary pressures. Analysts suggest the move signals a pivotal shift in Japan’s monetary
Commerzbank has officially labelled UniCredit’s proposed acquisition bid, branding it as a “hostile move” aimed at undermining Germany’s financial independence. The German bank’s response comes amid reports of UniCredit, the Italian banking
SoftBank Group’s shares skyrocketed after the company unveiled a massive $100 billion stock buyback plan aimed at boosting investor confidence and addressing its undervalued stock. The Japanese investment giant’s announcement marks one
Jamie Dimon, the influential CEO of JPMorgan Chase, is set to visit Africa in mid-2024, signaling the bank’s growing interest in expanding its presence across the continent. This marks Dimon’s first trip
HSBC Holdings is considering selling its South African business as part of its broader strategy to shift focus toward Asia. The bank, which has been scaling back its operations in smaller markets,
French banking giant BNP Paribas is implementing significant structural changes in its Middle East operations, including eliminating Bahrain as its regional headquarters for the Middle East and Africa. Instead, regional offices will
The Bank of Singapore has revealed plans to double its share of assets and revenue from the Middle East over the next three to five years. Currently contributing 10% to the bank’s
India’s foreign exchange reserves fell by $4.1 billion to $640.28 billion as of December 27, 2024, marking a significant dip driven by a reduction in Foreign Currency Assets (FCAs). Despite this decline,
Global startup funding fell by 23% in Q2 2024 compared to the previous quarter, with $108.5 billion invested across 7,651 deals. The BFSI sector, traditionally a hotbed for innovation, has not been
