Georgia’s largest bank has finalized an $8.6 billion merger
Synovus and Pinnacle Merge Columbus-based Synovus Financial is merging with Nashville’s Pinnacle Financial Partners, resulting in the new holding company’s headquarters being located in Atlanta. As 2023 began, Synovus completed this significant merger, aligning with a rival to establish one of the largest regional banks in the United States. The merger took place on Thursday, […]
UAE Bank to stop SMS OTPs for online transactions starting January 6 and replace them with biometric authentication.
UAE Banks to Phased Out SMS OTPs for Online Transactions If you’ve been in the UAE for a while, those SMS codes you’ve relied on for online shopping have probably felt like a constant companion. However, come January 6, 2026, several prominent banks in the UAE will discontinue sending one-time passwords (OTPs) through text messages […]
Bank of America discovers increasing disparity in spending between income groups in the US
Analysis of Holiday Spending Trends Among Different Income Levels Recent discussions among panelists on The Big Money Show highlight a shift in spending habits, particularly among Gen Z, who are prioritizing experiences and personal connections over traditional holiday gifts. A new analysis from the Bank of America Research Institute illustrates an emerging “K-shaped” economic pattern […]
North Carolina repeat criminal reportedly robs bank and shoots at police officers
Repeat Offender Indicted After Bank Robbery and Shootout A truck driver from North Carolina has been indicted on federal charges following a bank robbery and a subsequent shootout with law enforcement. According to authorities, Willie Edward McGee Jr. faces charges of bank robbery and discharging a firearm during a violent crime. On December 26, McGee […]
Robbers tunnel into a German bank vault and steal millions
Thieves Target German Bank During Christmas Period BERLIN, Dec 30 (Reuters) – During the calm Christmas season, thieves seized the opportunity to break into a German retail bank, making off with at least 10 million euros worth of cash and valuables from safe deposit boxes, authorities reported. Police stated that the suspects managed to drill […]
Business Summary: Bank of Hawai‘i recognized, new shops opening at Kings’ Shops, construction industry awards
Here’s some business news from Hawaii Island and the state: Bank of Hawaii Recognized Among America’s Top Regional Banks and Credit Unions Bank of Hawaii has received a prestigious five-star rating from Newsweek magazine in its 2026 round-up of America’s Best Regional Banks and Credit Unions. This recognition highlights institutions that are truly making a […]
International Organization Supporting US-Designated Antifa Militants Claims Bank Accounts Were Closed
German Banks Cut Ties with Left-Wing Group Supporting Antifa A left-wing organization, Rote Hilfe eV (Red Aid), which expresses solidarity with the U.S.-listed Antifa terrorist group, announced on Tuesday that two banks in Germany have closed its accounts. The news came after GLS Bank and Sparkasse decided to terminate their banking services with Red Aid. […]
Bank of Palestine gets preliminary approval for complete banking license from ADGM
Bank of Palestine Expands Globally with Approval for Banking License The Bank of Palestine, with ambitions to reach the global Palestinian diaspora, has secured preliminary approval for a full banking license from the Abu Dhabi Global Market (ADGM), which is known as a financial hub in Abu Dhabi. According to a statement released by the […]
Major bank selects top stocks to monitor in 2026
Morgan Stanley (NYSE: MS) has highlighted a select group of stocks that seem well-positioned for 2026, thanks to robust fundamentals, favorable industry trends, and several upcoming catalysts. The major focus areas from the Wall Street bank include artificial intelligence, cybersecurity, data storage, and digital media. Nvidia (NASDAQ: NVDA) Nvidia (NASDAQ: NVDA) remains central to Morgan […]
Shamshad Akhtar, the first female head of Pakistan’s central bank, passes away at 71.
Shamshad Akhtar, Former Central Bank Governor, Dies at 71 KARACHI, Dec 27 – Shamshad Akhtar, who made history as the first and only woman to lead Pakistan’s central bank, has passed away at the age of 71, as confirmed by the Ministry of Finance on Saturday. At the time of her passing, Akhtar was serving […]