Tata Consultancy Services (TCS) recently announced an expansion of its existing partnership with Bank of Baroda, India’s second-largest public sector bank, aimed at furthering the deployment of the TCS Financial Inclusion Gateway Solution over the next five years. The renewed collaboration aims to i
Spain's Banco Santander is poised to make a significant entry into Canada's banking sector, a move that could introduce substantial competition into a market traditionally dominated by a few major players. With over 168 million customers worldwide, Santander's global presence is
In a bold move that has drawn significant attention from both the financial world and governmental authorities, UniCredit recently increased its stake in Commerzbank to 28%, stirring controversy with the German government. This strategic decision by the Italian banking giant places UniCredit at the
In a concerning trend, the private banking sector in Bangladesh has witnessed a substantial increase in bad loans from September 2023 to September 2024. This period saw defaulted loans jump by an alarming 171%, soaring from Tk 29,645 crore to Tk 80,573 crore, according to data from the central
ConnectOne Bank, a New Jersey-based financial institution, has recently made a significant move in the mergers and acquisitions (M&A) realm by acquiring The First of Long Island Bank. Under the leadership of CEO Frank Sorrentino III, ConnectOne aims to strengthen its regional influence and grow
In a move that is set to significantly alter the financial landscape of Boston, Brookline Bancorp and Berkshire Hills Bancorp have announced a merger valued at $1.1 billion, which will result in the creation of a new banking entity with $24 billion in assets. The merger between these two historic
