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MCBI shareholders approve merger with Home Bancshares ahead of anticipated Q2 2026 closing

Shareholders of Mountain Commerce Bancorp have approved a proposed merger with Home Bancshares, moving the regional banking deal closer to completion. The transaction, subject to remaining conditions, is expected to close in early Q2 2026 and reflects ongoing consolidation trends in the US community banking sector.

United States | 4 weeks ago

Banking

China allocates $44 billion capital infusion to state banks to strengthen financial stability and support technology sector

China plans to inject 300 billion yuan ($44 billion) into major state-owned banks in 2026 as part of broader efforts to reduce financial system risks and expand funding for technology development. The move signals Beijing’s intent to reinforce banking resilience while accelerating strategic industries amid growing geopolitical competition.

4 weeks ago • China

Banking

Faster EMI Relief: RBI’s new loan rule lets borrowers benefit quickly from rate cuts

The Reserve Bank of India (RBI) has implemented a new regulation effective October 1, allowing banks to revise EMIs faster when lending rates drop or borrowers’ credit scores improve.

4 weeks ago • India

Latest News

Energy & Power | 2 days ago

EBRD approves USD 65 million for Egypt’s solar-plus-storage infrastructure project

The European Bank for Reconstruction and Development has committed USD 65 million to finance a hybrid 200 MW solar plant and 120 MWh battery storage facility in Aswan, Egypt. This initiative, developed by HAU Energy, marks a critical step in stabilizing the national grid while advancing the country's transition toward a low-carbon energy infrastructure.

Infrastructure | 2 days ago

USACE awards $113.8 million contract to J.F. Brennan for invasive carp deterrents at Brandon road project

The U.S. Army Corps of Engineers has awarded a $113.8 million contract to J.F. Brennan Company for leading-edge invasive carp deterrents as part of the Brandon Road Interbasin Project in Illinois. The award completes Increment I of the ecosystem restoration effort.

Energy & Power | 2 days ago

CoreMarine and Jumbo Offshore win contract for FLNG mooring installation in Argentina

CoreMarine and Jumbo Offshore have secured a contract from Southern Energy S.A. to transport, install, and hook up soft-yoke mooring systems for two FLNG vessels in Golfo San Matías. The project supports Argentina’s gas export expansion, with installations scheduled for 2027 and 2028.

Government & Policy | 2 days ago

NASA awards $76m data science contract to Development Seed for Marshall space flight center

NASA has selected Development Seed for a $76 million indefinite-delivery/indefinite-quantity contract to provide R&D services to the Office of Data Science and Informatics at Marshall Space Flight Center. The contract includes a two-year base period with three one-year options through June 2031.