M&A
Mergers, acquisitions, divestitures, and deal-making across the global financial sector.
Belgium's Belfius Bank Acquires 33% Stake in Candriam in Asset Management Expansion
Belgian lender Belfius Bank has announced the acquisition of a 33% stake in Candriam, a leading European asset management firm, to strengthen its wealth management capabilities.
Kakao Bank Evaluates Digital Banking Licence Acquisitions in Philippines and Indonesia
South Korea's Kakao Bank is exploring potential acquisitions of digital banking licences in the Philippines and Indonesia as part of a push to replicate its mobile banking model across ASEAN.
Eastern Bankshares Completes Cambridge Bancorp Acquisition to Strengthen Boston Market Position
Eastern Bankshares finalised its acquisition of Cambridge Bancorp, expanding wealth management capabilities and cementing its standing as the largest community bank in Greater Boston.
UMB Financial Corporation Agrees $2 Billion All-Stock Acquisition of Heartland Financial USA
UMB Financial has agreed to acquire Heartland Financial USA in an all-stock deal valued at around $2 billion, creating a combined bank with roughly $68 billion in assets across 13 states.
Wintrust Financial Agrees $512 Million All-Stock Acquisition of Michigan's Macatawa Bank
Wintrust Financial announced a $512.4 million all-stock deal for Macatawa Bank on 15 April 2024, identified as the largest US bank acquisition of the year to date.
MUFG Sustains 23.6% Morgan Stanley Stake as It Targets Asset Management Acquisitions in US and Europe
Japan's MUFG continues to hold a 23.6% strategic stake in Morgan Stanley while pursuing bolt-on asset management deals in the United States and Europe to fuel global growth.
SBI Holdings Plans to Bring Japan's Regional Banks Into Its Group Amid Sector Consolidation
SBI Holdings CEO Yoshitaka Kitao has announced plans to acquire stakes in regional banks, adding to existing investments in nine lenders, as population decline and rate shifts pressure the sector.
Access Holdings and Standard Chartered Sign SPA for Five Sub-Saharan Africa Subsidiaries
Access Bank and Standard Chartered have finalised a share purchase agreement covering Angola, Sierra Leone, Cameroon, Gambia, and Tanzania in a landmark multi-market African banking deal.
ING Group Evaluates Bolt-On Acquisitions in Digital Payments and Embedded Finance
ING Group is assessing targeted acquisitions in digital payments and embedded finance as it pursues a platform-based financial services model under its Think Forward strategy.
Jordan's Mid-Tier Banks Face Pressure to Merge or Attract GCC Capital
Jordanian banking consolidation discussions are accelerating in 2024, with mid-tier lenders including Arab Jordan Investment Bank evaluating strategic options amid central bank encouragement.
Standard Chartered Completes Planned Exit from Lebanon Operations
Standard Chartered has finalised its withdrawal from Lebanon as part of a broad regional restructuring launched in April 2022 to concentrate resources on higher-return markets.
Lesha Bank Qatar Signs Deal to Acquire 100% of Kazakhstan's Bereke Bank for USD 134.9 Million
Lesha Bank has signed a share purchase agreement for full ownership of Bereke Bank Kazakhstan, marking the first acquisition of a Kazakh bank by a Qatari entity.