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Abu Dhabi Islamic Bank ( ADIB ) one of the leading financial institution officially launched “Amwali” world’s first Islamic digital bank for youth. Amwali, the digital bank will bring together an entire suite of banking products and innovative technology to enable young customers to enjoy a whole new way of banking that is paperless, signature-less […]
The financial institution Goldman Sachs Group has entered into an agreement to acquire NN Investment Partners from NN Group for €1.6 billion. The Transaction is expected to close by early 2022 which will be subjected to regulatory and other approvals and conditions. The employees of NN Investment Partners will join Goldman Sachs Asset Management following […]
Dubai’s first and the largest digital asset platform BitOasis reports strong H1 2021 results with trading volumes to date exceeding $3 billion. The cryptocurrency platform BitOasis has been a pioneer in middle east since its take off in 2015, the company has been doubling its user base since the last six months. The company has […]
The HSBC Insurance Holdings a subsidiary of HSBC Holdings plc to acquire AXA Singapore for $575 million. AXA Singapore which is currently the 8th largest life insurer in Singapore will club with HSBC’s existing HSBC Insurance (Singapore) Pte Ltd’s (HSBC Life Singapore) business. Both businesses have complementary products across the spectrum of insurance solutions and […]
Europe’s leading Banking-as-a-Service platform, Solarisbank AG announced that it has raised €190 million to acquire Contis, the current valuation of Solarisbank is €1.4 billion. The round was led by Decisive Capital Management, with support from growth investors, including CNP (Groupe Frère),Ilavska Vuillermoz Capital and Pathway Capital Management. Existing investors led by yabeo Capital, alongside BBVA, […]
The financial services corporation Visa Inc has announced that it has signed an agreement to acquire Currencycloud which is a platform that allows fintechs and banks to provide innovative foreign exchange solutions for cross border payments. Currently Currencycloud values at £700 million, inclusive of cash and retention incentives. The cloud platform will help in improving […]
The Investment bank HSBC is committing $5 billion of lending to support strong companies in the United Arab Emirates ( UAE ) that need new capital to drive well-developed plans to grow their businesses globally. The initiative is a meaningful way for HSBC to recognise both its 75th year in the UAE and its support […]
The Irish government has plans to sell part of its $807 million (€676 million) stake in Bank of Ireland Group Plc. over the next six months. The sale will occur through a pre-arranged trading plan that will be managed by Citigroup Global Markets. Citi group will be appointed to the role from the Department of […]
The Singaporean multinational bank DBS has begun trading on London Metal Exchange Which is one of the world’s leading platform for the trading of industrial metals. DBS has become the first bank in Asia to be issued a membership with LME outside of London. With this new membership, DBS’ corporate clients in Singapore, Indonesia, India, […]
BlackRock has become the first global asset manager licensed to operate Mutual Fund Business in China as the government of China opens up the country’s $3.5 trillion mutual fund industry. The company BlackRock, the world’s biggest asset manager, on Friday said the China Securities Regulatory Commission (CSRC) had given its Chinese fund management unit approval […]
Qatar’s Commercial Bank has announced an offer to acquire 15.2 per cent of the issued capital of National Bank of Oman. This deal is expected to boost Commercial Bank’s stake over 50% keeping it as the biggest shareholder ahead of the government of Oman’s 26.18% stake. Commercial Bank in a statement said according to the […]
The British Investment bank HSBC holdings has announced that it will exit U.S. retail banking business to concentrate on its largest market in Asia. HSBC will be exiting 90 branches out of 148 branches and the bank will retain a small network of physical locations in existing markets, the bank will exit from all Personal, […]
