Spanish banking giant Santander has announced its acquisition of U.S.-based regional bank Webster Financial for $12.2 billion, marking a major strategic expansion into the American market. The deal positions Santander among the top ten banks in the United States by combined assets, reinforcing its footprint in a key growth region. Under the terms of the […]

Swiss banking giant UBS announced on Wednesday that its fourth-quarter net profit soared 56% year-on-year, significantly exceeding analyst expectations. The strong performance was primarily driven by the bank’s robust asset management and investment banking divisions. Alongside these results, UBS revealed plans for further share repurchases in 2026. As the world’s largest wealth manager, UBS has […]

Sri Lanka’s Agricultural and Agrarian Insurance Board (AAIB) has officially declared February 2026 as “Farmers’ Insurance Month”, a nationwide initiative aimed at making crop insurance more accessible to farmers across all regions. The campaign, overseen by the Ministry of Agriculture, Lands, Animal Husbandry, and Irrigation, seeks to raise awareness about insurance products and their benefits […]

In the aftermath of severe natural disasters that struck various regions of Sri Lanka during November and December this year, the government has announced that affected schoolchildren will be entitled to special insurance benefits. These measures will be implemented under the government-operated Suraksha Sisu insurance programme, which currently provides health and educational protection to approximately […]