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Banking

HSBC acquires Citi’s $3.6bn consumer wealth portfolio in China

HSBC has agreed to purchase Citi's retail wealth management portfolio in China, with a deal expected to close in the first half of 2024....
Banking

Pakistan’s latest challenger HugoBank gains preliminary approval

Pakistani challenger HugoBank receives preliminary approval for its Digital Retail Banking (DRB) license from the State Bank of Pakistan (SBP) and plans to offer...
Banking

UK challenger Kroo looks to raise £70m Series C as it takes on banking transparency

Kroo, a London-based digital lender, aims to raise up to £70 million in a Series C funding round to enhance transparency in its product...
Banking

UK challenger Zopa looks to accelerate growth with £75m funding

UK challenger bank Zopa has secured £75 million in Tier 2 capital to support its growth plans, bringing its total capital raised to £530...
Banking

Monzo announces new feature to help protect customers against impersonation scams

Monzo, a UK-based digital bank, has introduced a new 'call status' feature in its app to protect its eight million customers from impersonation scams,...
Banking

Nasdaq appoints former UBS executive Sarah Youngwood as CFO

Nasdaq appoints Sarah Youngwood, former UBS executive, as CFO and EVP from December 1. Facts Nasdaq selects Sarah Youngwood as its new Chief Financial Officer...
AI

Standard Chartered global head leaves to found fintech start-up

Manohar Chadalavada, a veteran executive with almost two decades of experience at Standard Chartered, departs the bank to establish a fintech startup. Facts Manohar Chadalavada,...
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