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
HSBC Holdings PLC, a global banking and financial services organization, is undergoing a significant transformation. The bank is streamlining its retail banking operations outside its core markets, focusing on wealthier clients, and cutting down on costs. This strategic shift is expected to have
Capital One has revolutionized the banking and credit industries in the United States. Known for its innovative approach since its inception, Capital One uses technology and data analytics to offer personalized financial services. The company provides a range of products, including credit cards,
