Credit Suisse to pay $475m to settle charges in Mozambican scandal

By NS Banking Staff Writer

20 Oct 21

The investment bank has also agreed to write off $200m of debt owed by the Republic of Mozambique,…

Banking ServicesRegulationInvestment Banking

HSBC to Launch Banking as a Service

By NS Banking Staff Writer

20 Oct 21

HSBC is working with Oracle NetSuite to embed its corporate banking solutions into NetSuite cloud ERP

Banking ServicesCommercial Banking

Germany’s N26 raises over $900m funding at $9bn valuation

By NS Banking Staff Writer

19 Oct 21

The company intends to use the funding to strengthen its work force with 1,000 new members, and focus…

Banking ServicesOnline Banking

First Bancorp Completes Acquisition of Select Bancorp

By NS Banking Staff Writer

19 Oct 21

Select Bancorp shareholders will receive 0.408 shares of First Bancorp common stock for each share of Select Bancorp…

Banking ServicesRetail Banking

Goldman Sachs reports 63% increase in Q3 2021 net earnings

By NS Banking Staff Writer

18 Oct 21

Goldman Sachs attributed the rise in its net earnings to stable equity markets, high yields from government bonds,…

Banking ServicesInvestment Banking

Klarna expands and strengthens UK offering including launch of ‘Pay Now’ immediate payments

By NS Banking Staff Writer

18 Oct 21

Pay Now is launched alongside a package of consumer-focussed changes to drive up standards across the UK consumer…

Banking ServicesCards and Payments

Global payments leader, SumUp, acquires US payments and marketing platform, Fivestars, for $317m

By NS Banking Staff Writer

18 Oct 21

Europe’s leading fintech scales its operations within the U.S. through the acquisition of America’s largest local commerce network

Banking ServicesCards and Payments

JPMorgan Chase reports 24% increase in Q3 net income

By NS Banking Staff Writer

14 Oct 21

The company attributed the increased net income to credit reserve releases, income tax benefit, along with high Investment…

Banking ServicesInvestment Banking

Valley National Bancorp Acquires Dudley Ventures and its Affiliates

By NS Banking Staff Writer

14 Oct 21

The acquisition will have a positive impact on local communities by pairing a team of seasoned experts in…

Banking ServicesInvestment Banking

US West Coast lenders Columbia and Umpqua to combine operations

By NS Banking Staff Writer

13 Oct 21

Umpqua shareholders will around 62% and Columbia shareholders nearly 38% of the combined company, upon closing

Banking ServicesRetail Banking