M&A
Mergers, acquisitions, divestitures, and deal-making across the global financial sector.
Intesa Sanpaolo Pursues Acquisitions in Digital Wealth Management and Insurance to Diversify Revenue
Intesa Sanpaolo is evaluating strategic acquisitions in fintech, digital banking, insurance, and wealth management as part of CEO Carlo Messina's vision of the group as an insurance bank.
DBS Group Completes Citi Taiwan Integration and Signals Openness to Further Bolt-On Acquisitions
DBS Group completed the integration of Citi Taiwan's consumer banking business and said incoming CEO Tan Su Shan is open to further accretive bolt-on deals.
Wema Bank Raises N147.8 Billion on NGX to Meet CBN Recapitalisation Requirements
Wema Bank completed a N147.8 billion public offer on the Nigerian Exchange to satisfy the CBN's new minimum capital rules for national banks.
Federal Reserve Approves Banco BTG Pactual's Acquisition of a US Savings Association
The Federal Reserve has approved BTG Pactual Bancorp's acquisition of a US savings association and ruled on its Financial Holding Company elections, marking the Brazilian bank's formal entry into US financial services.
DBS Group Merges Equity Capital Markets, Brokerage and Digital Exchange into New Global Financial Markets Division
DBS Group will combine its equity capital markets unit, DBS Vickers brokerage, and DBS Digital Exchange into a single Global Financial Markets division effective 1 March 2024.
BBVA Approaches Banco Sabadell for Friendly Merger to Create Spain's Second-Largest Bank
BBVA has made an initial approach to Banco Sabadell for a friendly merger that would create the second-largest bank in Spain by assets.
Glacier Bancorp Acquires Bank of Idaho for $245 Million in Its 15th Deal Since 2013
Glacier Bancorp has agreed to acquire Bank of Idaho Holding for $245.4 million, marking the Montana-based group's 15th bank acquisition since 2013.
Bank Australia and Qudos Bank Sign MoU to Explore Merger of Customer-Owned Lenders
Bank Australia and Qudos Bank have signed a memorandum of understanding to explore a merger that would create one of Australia's largest customer-owned banks.
DBS Bank Merges Equity Capital Markets, Brokerage, and Digital Exchange into New Global Financial Markets Group
DBS Bank has combined its equity capital markets, brokerage, Digital Exchange, and treasury markets units into a single Global Financial Markets group.
Access Bank Agrees to Acquire 80% Stake in Uganda's Finance Trust Bank
Access Bank announced on 18 January 2024 it would acquire an 80% majority stake in Uganda's Finance Trust Bank, pending approvals from the Bank of Uganda and the CBN.
Attica Bank and Pancreta Bank Announce Merger by Absorption to Strengthen Greek Banking Sector
Attica Bank and Pancreta Bank formally announced a merger by absorption in July 2024, driven by a regulatory push to consolidate smaller Greek lenders into stronger entities.
Valley National Bancorp Explores Strategic Alternatives Including Potential Sale Amid Rate and CRE Pressures
Valley National Bancorp's board authorised a review of strategic alternatives, including a potential merger or sale, as the bank navigates a challenging interest rate environment.