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Banking And Finance News

US-based M&T Bank acquires People's United to become the 11th largest bank in the US

US-based M&T Bank acquires People's United to become the 11th largest bank in the US

M&T Bank Corporation, an American bank holding company, has stated that it has reached an agreement to acquire Connecticut-based People's United Financial Inc. for $7.6 billion in an all-stock tra... Read more

HSBC set to withdraw from U.S. retail banking, reshuffles top jobs

HSBC set to withdraw from U.S. retail banking, reshuffles top jobs

HSBC bank is looking to soon exit from U.S. retail banking. It is the largest bank in Europe but has been underperforming in the U.S. The exit from the U.S. consumer business is part of the banks, str... Read more

The banking industry is now taking on a global approach to recover from fading hopes of EU market access

The banking industry is now taking on a global approach to recover from fading hopes of EU market access

The European Union (EU) and United Kingdom (UK) are now gearing up to sign a co-operation agreement for the financial services instead of signing a trade deal. This means that the new agreement will n... Read more

Bud gathers $20M to become the world's largest Open Banking team

Bud gathers $20M to become the world's largest Open Banking team

Bud, a U.K. Fintech, has closed over $20 million in funding to support its goal of connecting banks, via their apps and services, to different fintech corporations and monetary service suppliers.... Read more

Cleo, unlike other banking apps, warns you of your spending

Cleo, unlike other banking apps, warns you of your spending

A note to the investors willing to sink money into a well-performing start-up project, here is Cleo. Cleo, the London-based “digital assistant” software developed to replace the banking ap... Read more

SAP is the best fit for Xinja's banking plans

SAP is the best fit for Xinja's banking plans

The Sydney-based startup Xinja has found SAP to be the best fit to implement its banking plans. The Fin-Tech startup will be using the SAP cloud for their banking product. By implementing SAP cloud te... Read more

Walmart banking on Microsoft for Cloud edge

Walmart banking on Microsoft for Cloud edge

Walmart has decided to shake hands with Microsoft as they both seek to compete with the number one retailer in the country, Amazon. Walmart is entering into a partnership with Microsoft to arm itself ... Read more