Bank of America to increase bonuses for investment bankers – report
The company is also planning to expand the investment banking division’s overall bonus pool after the increase in deal activity this year.
UBS reportedly prepares for further job reductions in mid-January
UBS is said to be approaching the final year of its Credit Suisse integration, which was acquired in a government-brokered emergency deal in 2023.
Paytm’s payment aggregator licence expanded for offline, cross-border transactions
With the RBI approval, Paytm now possesses PA licences covering all major segments, including online, offline, and cross-border payments.
Italy’s Treasury agrees to sell digital payments unit PagoPA to Poste Italiane
Earlier this year, PagoPA encountered disagreements over its valuation in the planned sale to Poste Italiane.
Visa, Mastercard agree to pay combined $167.5m in ATM fee lawsuit
The settlement is intended to benefit potentially millions of those who paid unreimbursed access fees for cash withdrawals at non-bank ATMs.
Ajman Bank introduces Digital Extension to expand smart banking services
The new digital facility allows customers to access core banking functions through a digital platform, focused on convenience and Shariah compliance.
MUFG Bank to acquire 20% stake in India’s Shriram Finance for $4.3bn
The investment agreement was reached between MUFG Bank, Shriram Finance, and its major shareholders, Shriram Ownership Trust and Shriram Capital Private Limited.