Tag: acquisition

Activity, Corporate Banking

The Role of Corporate Banking in Financing Mergers and Acquisitions: A Closer Look

January 18, 2024

Via: TechBullion

Are you intrigued by the world of mergers and acquisitions? Wondering about the crucial players behind these multimillion-dollar deals? Look no further, as we delve into the captivating role of corporate banking in financing such monumental transactions. Join us for […]


Taiwanese bank ends US bank deal, citing market conditions

October 17, 2023

Via: Banking Dive

Taichung Commercial Bank in Taipei, Taiwan, has called off the deal to buy American Continental Bank in California a little over a year after announcing the nearly $82.1 million deal, the companies said Friday. In a filing with the Taiwan […]


Citi to sell China retail-wealth business to HSBC: reports

September 28, 2023

Via: Banking Dive

As part of a global retreat announced in 2021, Citi aims to exit 14 markets in Asia, Europe, the Middle East, Africa and Mexico. The bank announced last year that it planned to wind down its consumer-banking operations in China. […]


JPMorgan Chase to acquire seized First Republic

May 1, 2023

Via: Banking Dive

JPMorgan Chase agreed Monday to assume most of First Republic Bank’s assets, along with its deposits and certain liabilities in a sale orchestrated by the Federal Deposit Insurance Corp. The deal was finalized overnight after California’s Department of Financial Protection […]

Activity, Corporate Banking

U.S. Bancorp Completes Acquisition of Union Bank

December 1, 2022

Via: Yahoo

U.S. Bancorp (NYSE: USB) today announced that it has completed the acquisition of MUFG Union Bank’s core regional banking franchise from Mitsubishi UFJ Financial Group, Inc. (NYSE: MUFG). The transaction brings together two premier organizations to serve customers and communities […]


Binance nixes mooted FTX acquisition deal

November 10, 2022

Via: FinTech Futures

Announcing the news on Twitter, Binance, the world’s largest crypto exchange, says: “As a result of corporate due diligence, as well as the latest news reports regarding mishandled customer funds and alleged US agency investigations, we have decided that we […]

Activity, Retail Banking

Gen Z banking app GoHenry expands to Europe through Pixpay acquisition

July 12, 2022

Via: Banking Dive

GoHenry and Pixpay will continue to operate under their own brands with no change in leadership, headquarters or headcount, according to a press release. “Pixpay is the most developed player in Europe and we’re excited to combine our expertise in […]

Capital and Risk, Trading

Robinhood’s acquisition of crypto firm puts UK, Europe in its sights

April 19, 2022

Via: Banking Dive

Robinhood is making a second play to expand into the U.K. Nearly two years after the stock-trading app indefinitely postponed its launch in the country, the company announced Tuesday it would acquire Ziglu, a U.K.-based crypto and payments company. Terms […]

Activity, Capital and Risk, Corporate Banking, Credit

Arizona deal marks 5th credit union purchase of bank in 2022

March 14, 2022

Via: Banking Dive

Buying Horizon would give Arizona Federal six new locations and help it expand into the western half of the Grand Canyon State. The bank held $539.5 million in assets, $259.9 million in loans, $471.7 million in deposits and $43.4 million […]

Activity, Corporate Banking

JP Morgan acquires 49% stake in European SME paytech Viva Wallet

January 27, 2022

Via: FinTech Futures

The financial services multinational says the “strategic investment” supports the firm’s plan to expand its payments business targeted at European SMEs and middle market merchant services clients. The financial terms of the transaction have not been disclosed. Founded in 2000, […]

Activity, Corporate Banking

Mastercard acquires Latin American Start Path protégé Arcus

November 29, 2021

Via: Banking Technology

The takeover is intended to support the delivery of bill pay solutions and other real-time payment applications across Latin America. Arcus was launched in 2013 and its platform enables businesses to launch and offer payment solutions. Users include BBVA, Santander, […]

Activity, Corporate Banking

U.S. Bancorp to Acquire TravelBank, an All-in-One Expense and Travel Management Solution

November 16, 2021

Via: Yahoo

U.S. Bancorp, the parent company of U.S. Bank, has entered into an agreement to acquire TravelBank, a San Francisco-based fintech company that provides an all-in-one, tech-driven expense and travel management solution. TravelBank is easy to use for employees and helps […]

Activity, Investment Banking, Retail Banking

Capital One to acquire healthcare investment bank TripleTree

October 18, 2021

Via: Banking Dive

“Now more than ever, it’s essential to provide our clients with best-in-class solutions, products and services. Capital One and TripleTree together are well-positioned to help our healthcare clients navigate the ever-changing external landscape at every stage of their business,” Darren […]


Goldman Sachs acquires BNPL firm GreenSky in $2.2bn deal

September 20, 2021

Via: FinTech Futures

The deal, which is all stock, is expected to close in 2022. Goldman Sachs sees the deal as a chance for it to boost its entry into consumer finance markets. The US banking giant will furnish its Marcus banking app […]

Activity, Corporate Banking

Acquisitions heat up amid competition for small-business payments clients

September 2, 2021

Via: Banking Dive

The race to satisfy small and midsize businesses’ demands for digital payments and other financial services is driving up acquisition activity across the payments ecosystem. While some payments players are building up services for the small and midsize business (SMB) […]


Goldman Sachs to acquire asset management firm NNIP in $2bn deal

August 19, 2021

Via: FinTech Futures

The acquisition is Goldman’s largest since the appointment of new CEO David Solomon in 2018, and comes as part of the bank’s attempts to diversify its revenues. NNIP, also known as NN Investment Partners, has $335 billion in assets under […]

Activity, Channels, Corporate Banking

How Square’s Afterpay purchase advances its small-business banking goals

August 18, 2021

Via: Payments Dive

Square’s acquisition of buy-now-pay-later (BNPL) firm Afterpay will further entrench the payment provider’s tools with small-business and consumer-banking clients, a move that should concern some traditional financial institutions, industry observers said. The $29 billion deal, which Square announced this month, […]


JPMorgan Chase eyes 3rd fintech acquisition in the past year

June 29, 2021

Via: Banking Dive

JPMorgan Chase’s growth strategy falls in line with a statement CEO Jamie Dimon made at the bank’s 2020 annual investor meeting that it would be “much more aggressive with acquisitions across the board.” OpenInvest was founded in 2015 and has […]

Activity, Insurance

Uber Vet Invests $50M in Metromile as Insurer Readies Reverse Merger to Become Public

February 2, 2021

Via: Insurance Journal

Auto insurer Metromile has attracted $50 million in new investment from a former Uber executive even as it has obtained regulatory approval to formalize a reverse merger deal that will make it a publicly-traded company. Ryan Graves, Uber’s former senior […]


US Department of Justice moves to block $5.3bn Visa-Plaid deal

November 9, 2020

Via: FinTech Futures

The DOJ alleges that Visa’s reason for acquiring Plaid is to take a future competitor out of the market. It describes Visa as “a monopolist in online debit services, charging consumers and merchants billions of dollars in fees each year.” […]