Tag: acquisition

January 18, 2024

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 […]

October 17, 2023

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 […]

September 28, 2023

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. […]

May 1, 2023

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 […]

December 1, 2022

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 […]

November 10, 2022

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 […]

July 12, 2022

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 […]

April 19, 2022

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 […]

March 14, 2022

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 […]

January 27, 2022

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, […]

November 29, 2021

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, […]

November 16, 2021

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 […]

October 18, 2021

“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 […]

September 20, 2021

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 […]

September 2, 2021

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) […]

August 19, 2021

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 […]

August 18, 2021

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, […]

June 29, 2021

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 […]

February 2, 2021

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 […]

November 9, 2020

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.” […]