Finance

Blackstone Affiliate Acquires 9.99% Stake in India’s Federal Bank

Private equity firm Blackstone has strengthened its presence in India’s banking sector by acquiring a 9.99% stake in Federal Bank, according to reports. The acquisition was completed via the subscription…

24 October 2025

Corporate signs for Japan's leading financial institutions, MUFG, SMBC, and Mizuho, standing outside a modern banking headquarters.

Finance

Japan’s Megabanks Join Forces on Stablecoin Launch

Japan’s three largest banking groups — Mitsubishi UFJ Financial Group (MUFG), Sumitomo Mitsui Financial Group (SMFG) and Mizuho Financial Group — are planning to jointly issue a stablecoin, according to reports. Why the Banks Are Moving The initiative…

19 October 2025

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