Punjab considers merging major district co-op banks to enhance profits
Punjab Government Plans Merger of Cooperative Banks The Punjab government is planning to merge district central cooperative banks with the Punjab State Cooperative Bank (PSCB). This strategy aims to improve capital adequacy, enhance competitiveness against large commercial banks, and cut down on unnecessary administrative costs. A team from the finance and cooperative departments, led by […]
Refund policy for merging banks: Who is prioritized?
Bangladesh Bank Introduces New Resolution Scheme Today, Bangladesh Bank (BB) announced a detailed resolution scheme aimed at determining how deposits from five merging Sharia-based banks will be handled, including who will have priority access to those funds and the timeline for refunds. This new framework will also impact the employees of the merging banks, potentially […]
Boards of five merging Islamic banks dissolved, repayment to small depositors to begin in a month
In charge of 5 administrators The boards of five struggling Islamic banks have been dissolved, paving the way for their merger. This move marks a significant step in the government’s efforts to revitalize the banking sector. Although it could take about two years to fully merge the banks, Bangladesh Bank has reassured smaller depositors (those […]
How BB intends to reimburse depositors of five merging banks
Out of the total TK1.52 trillion in deposits across five banks, TK46,000 crore is from individual depositors. September 21, 2025, 07:15 AM Last revision: September 21, 2025, 07:29 AM Illustration: TBS Highlights: Five Islamic banks merge into Bangladesh’s largest asset entity. Priority given to individual depositors; institutions may receive shares. Insurance payments capped at TK2 […]
It is preferable to shut down weak banks instead of merging them, says BTMA president.
Concerns Over Weaker Banks and Investment in Bangladesh’s Textile Sector Shokat Aziz Russell, president of the Bangladesh Textile Mills Association (BTMA), expressed during a discussion on August 10 that it would be more effective to close weaker banks rather than attempt to merge them. He questioned the rationale behind investing in failing banks, stating, “Why […]
The merging of DeFi and traditional finance may happen sooner than anticipated: JPMorgan
JPMorgan’s Vision for Blockchain Adoption Nelli Zaltsman, who leads blockchain payment innovation at JPMorgan’s Kinexys, believes that the divide between decentralized finance (DeFi) and traditional finance (TradFi) might close within a few years. During her collaboration with Sergey Nazarov, co-founder of ChainLink Labs at the RWA Summit in Cannes, Zaltsman remarked that JPMorgan is hinting […]
Spain prevents BBVA from merging with Sabadell for a minimum of three years.
New hurdles for BBVA’s takeover bid of Sabadell The Spanish government has introduced new challenges to BBVA’s €11 billion hostile takeover of its rival, Sabadell, stating that the two banks cannot merge for at least three years. Economic Affairs Minister Carlos Cuerpo indicated that the decision ensures the banks must keep their legal identities, assets, […]
Teads makes its way back to Cannes Lions after merging with Outbrain.
Teads has returned to Cannes Lions following its merger with Roadbain. The newly formed company is showcasing to clients how they can leverage artificial intelligence, targeted advertising, and data-driven strategies to broaden their business reach. Teads CEO David Kostman, along with Americas CEO Jeremy Aldity, discusses the changes post-merger, the collaboration with news publishers to […]
Trump floats merging Postal Service with Commerce Department
WASHINGTON – President Trump announced Friday that he believes he is merging with the US Post Office and the Commerce Department. Trump told reporters in the Oval Office that his administration is considering a “merger” of the two agencies to improve efficiency. “We want to have a post office that works well and doesn't lose […]
Merging of teams at Daily Mail and MailOnline will lead to job losses, staff told | Daily Mail
Daily Mail and Mailonline staff have announced plans to combine digital and printing teams and commercial teams into one seven -day operation, and are expected to reduce jobs by publishers. In a letter to a colleague on Thursday, Ted Verity, the editor -in -chief of Daily Mail, and Danny Glome, a parent group DMG media […]