M&A
Mergers, acquisitions, divestitures, and deal-making across the global financial sector.
Australia's Treasurer Approves ANZ Group's A$4.9 Billion Acquisition of Suncorp Bank
Federal Treasurer Jim Chalmers approved ANZ's A$4.9 billion takeover of Suncorp Bank on 28 June 2024, ending nearly two years of regulatory examination of the deal.
Access Bank Completes Acquisition of BancABC Tanzania, Paving Way for Access Bank Tanzania
Access Bank has completed its acquisition of BancABC Tanzania, with BancABC set to be merged with Standard Chartered Tanzania's consumer, private and business banking operations to form Access Bank Tanzania.
Robinhood Acquires Global Crypto Exchange Bitstamp for $200 Million to Drive International Expansion
Robinhood agreed to buy Bitstamp for $200 million, acquiring regulated crypto infrastructure across more than 85 tradable assets to expand beyond the US market.
UBS Completes Legal Merger with Credit Suisse as Swiss Bank Is Formally Deregistered
UBS finalised its absorption of Credit Suisse AG on 31 May 2024, with the Swiss bank deregistered and all its rights and obligations transferred to UBS AG.
SouthState Corporation's $2 Billion Independent Bank Group Bid Tops US Bank M&A Deals in 2024
SouthState's $2 billion all-stock deal for Independent Bank Group is the largest US bank acquisition announced so far in 2024.
SouthState Corporation Announces $2 Billion All-Stock Acquisition of Independent Bank Group
SouthState Corporation has agreed to acquire Texas-based Independent Bank Group in an all-stock deal worth around $2 billion, extending SouthState's footprint into Texas and Colorado.
Banco Sabadell Board Rejects BBVA's Friendly Merger Proposal
Banco Sabadell's board rejected BBVA's friendly merger proposal on 6 May 2024, a week after BBVA's approach became public.
COMESA Clears Access Bank Acquisition of Up to 80.89% of Uganda's Finance Trust Bank
COMESA has approved Access Bank's acquisition of an initial 69.67% stake, rising to up to 80.89%, in Finance Trust Bank Uganda, clearing a key regulatory hurdle for the deal announced in January 2024.
HSBC Records $4.8 Billion Gain on Sale of Canadian Banking Business to RBC
HSBC has recorded a gain of $4.8 billion on the disposal of its Canadian banking operations to Royal Bank of Canada, with the transaction completing on 28 March 2024.
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 $64.5 billion in assets across 13 states.
Goldman Sachs Agrees to Transfer Marcus Invest Robo-Advisory Accounts to Betterment, Exiting Retail Investment Product
Goldman Sachs is transferring Marcus Invest accounts to Betterment, a $45 billion digital advisory firm, with clients able to opt out by 20 June.
Wintrust Financial Agrees $510 Million All-Stock Acquisition of Michigan's Macatawa Bank
Wintrust Financial announced a $510.3 million all-stock deal for Macatawa Bank Corporation on 15 April 2024, expanding into West Michigan.