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Business 23 Feb 2021 | 7:00 AM

M&T Bank to acquire People’s United in a US$7bil deal

NEW YORK: M&T Bank Corp is set to acquire People’s United Financial Inc in an all-stock deal valued at more than US$7bil, according to a person familiar with the matter.

Business 23 Feb 2021 | 7:00 AM

Beijing’s new rules up control over lending risk

BEIJING: China unveiled detailed requirements and quantitative indicators to further tighten control over risks in relation to commercial banks’ online lending business facilitated by their partners, the country’s top banking and insurance regulator has announced.