Banks & institutions

Goldman Sachs doubles down on India, climbs Wall Street rankings in crowded deal market

By Cygnus | 11 Feb 2026

Goldman Sachs has climbed to 4th in India's equity deals after a $500m investment. The firm’s “immediate growth” pivot is reshaping the competitive landscape on Dalal Street.

MPS Board Member and Senior Treasury Official Resigns Amid Insider Trading Probe

By Cygnus | 11 Feb 2026

Stefano Di Stefano resigns from MPS and Italy’s Treasury after Milan prosecutors launch an insider trading investigation linked to share purchases.

US SEC seeks court nod to serve Gautam, Sagar Adani by email as India route stalls

By Axel Miller | 23 Jan 2026

The US SEC asked a Brooklyn court to allow email service to Gautam and Sagar Adani after India rejected summons requests twice, stalling a civil case tied to Adani Green.

Supreme Court issues fresh notice to Anil Ambani, ADAG in PIL alleging ₹1.5 lakh crore fraud

By Axel Miller | 23 Jan 2026

The Supreme Court issued fresh notice to Anil Ambani and ADAG in a PIL alleging a ₹1.5 lakh crore banking fraud and sought sealed status reports from the CBI and ED.

Trump Sues JPMorgan and CEO Jamie Dimon for $5 Billion Over Alleged Political ‘Debanking’

By Axel Miller | 23 Jan 2026

Trump filed a $5 billion lawsuit against JPMorgan and CEO Jamie Dimon in Florida, alleging politically motivated debanking after January 6. JPMorgan calls it without merit.

Bank of Baroda, IIFCL Sign MoU to Strengthen Infra Financing via Joint Lending and Loan Syndication

By Axel Miller | 21 Jan 2026

Bank of Baroda and IIFCL signed an MoU to expand joint lending and loan syndication for infrastructure projects as India accelerates green and long-tenure capex.

Bank of America Profit Rises as Market Volatility Boosts Trading Revenue

By Cygnus | 14 Jan 2026

Bank of America posted a strong Q4 profit as market volatility lifted trading revenue. The bank also forecast 5%–7% growth in net interest income for 2026.

State Street to Acquire 23% Stake in Groww AMC for ₹580 Crore

By Axel Miller | 14 Jan 2026

State Street Global Advisors will acquire a 23% stake in Groww AMC for ₹580 crore through primary and secondary transactions, with voting rights capped at 4.99%.

CLARITY Act Heads to Senate Markup as Stablecoin Rewards Compromise Tries to Calm Bank Deposit Fears

By Axel Miller | 14 Jan 2026

The Senate Banking Committee will mark up the CLARITY Act on Jan 15, 2026 as lawmakers strike a stablecoin rewards compromise and redefine SEC–CFTC oversight.

BNP Paribas to Pursue Appeal in Sudan Genocide Case After U.S. Judge Certifies Verdict

By Cygnus | 08 Jan 2026

BNP Paribas appeals $20.75M Sudan genocide verdict after U.S. judge certification. Explore the impact of Swiss law on the eurozone’s biggest human rights case.

BNP Paribas in exclusive talks to acquire Mercedes-Benz’s car-leasing arm Athlon in €1 billion deal

By Axel Miller | 18 Dec 2025

BNP Paribas enters exclusive talks to acquire Mercedes-Benz’s Athlon leasing arm for €1 billion. The deal boosts Arval’s fleet to 2.3 million vehicles.

MUFG to bet big on India with $4 billion stake in Shriram Finance

By Cygnus | 17 Dec 2025

Japan’s MUFG to invest $4 billion for 20% stake in India’s Shriram Finance, marking a major push into Indian retail lending.

Indian banks push RBI to double lending cap for mergers as deal activity heats up

By Cygnus | 12 Dec 2025

Indian banks urge RBI to double M&A lending cap to 20% of Tier 1 capital, aiming to compete with foreign lenders in a $69 billion deal market.

HSBC to Pay $300 Million to Settle French Tax Investigation

By Axel Miller | 10 Dec 2025

HSBC agrees to pay approximately $300 million to settle a French criminal investigation into “cum-cum” dividend tax fraud. The deal resolves years of scrutiny by France’s PNF financial prosecutor.

JPMorgan Unveils $1.5 Trillion Strategy to Strengthen U.S. Strategic Industries

By Cygnus | 13 Oct 2025

JPMorgan Chase has announced a sweeping $1.5 trillion investment initiative aimed at bolstering industries vital to the United States’ national security and long-term economic resilience.

RBI keeps policy repo rate unchanged at 5.50% amidst tariff row with US

By Unnikrishnan | 06 Aug 2025

The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) at its meeting on Wednesday decided to keep the policy repo rate unchanged at 5.50 per cent voted

RBI directs banks to integrate DoT’s Financial Fraud Risk Indicator into their systems

By Unnikrishnan | 03 Jul 2025

Reserve Bank of India (RBI) has directed all financial intermediaries, including scheduled commercial banks, small finance banks, payments banks, and co-operative banks to integrate

RBI lets 30 countries open vostro accounts with Indian banks for rupee trade

08 Feb 2025

Reserve Bank of India (RBI) has permitted correspondent banks from 30 countries to open Special Rupee Vostro Accounts (SRVAs) with banks in India

RBI cuts repo rate by 25 bps to 6.25% as economy slows

07 Feb 2025

Reserve Bank of India (RBI) on Thursday announced a 0.25 basis point reduction in its policy repo rate, effective immediately, in a bid to pump liquidity into a slowing economy.

HSBC plans big retreat in US, Europe as focus shifts to Asia

01 Feb 2025

HSBC, one of the world’s largest banking and financial services groups, is planning to exit some merger and acquisition (M&A) financing and equities businesses in Europe

Go First Airways to be liquidated

21 Jan 2025

The National Company Law Tribunal (NCLT) on Monday ordered the liquidation of budget airline Go First Airways

RBI allows rupee transactions by non-residents using rupee accounts in India

19 Jan 2025

Reserve Bank of India (RBI) has liberalised the extant Foreign Exchange Management Act (FEMA) 1999, facilitating rupee transactions between non-residents

RBI lets HDFC Bank buy up to 9.5% each in AU SFB. Kotak Mahindra and Capital Small Finance Bank

05 Jan 2025

The Reserve Bank of India (RBI) has approved HDFC Bank’s proposal to acquire a 9.5 per cent stake in AU Small Finance Bank, Kotak Mahindra Bank and Capital Small Finance Bank.

RBI keeps repo rate steady, cuts cash reserve ratio to 4%

06 Dec 2024

The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) at its meeting on Friday (6 December 2024) decided to keep the policy repo rate