M&A
Mergers, acquisitions, divestitures, and deal-making across the global financial sector.
BNP Paribas Agrees to Sell 67% Stake in Morocco's BMCI to Holmarcom Finance Company
BNP Paribas has agreed to sell its 67% stake in Moroccan lender BMCI to Holmarcom Finance Company, marking a further step in its retreat from African banking.
Japan's Daiwa Next Bank Agrees to Acquire ORIX Bank for ¥370 Billion
Daiwa Securities Group's Daiwa Next Bank has agreed to buy ORIX Bank Corporation from ORIX for ¥370 billion, one of Japan's largest banking deals of the year.
Zenith Bank Completes 100% Acquisition of Paramount Bank Kenya, Entering East Africa
Nigeria's Zenith Bank has completed the full acquisition of Paramount Bank Kenya, marking its first direct foothold in East Africa after receiving regulatory approvals from both Nigeria and Kenya.
Sterling Financial Holdings Raises N101.64 Billion on NGX to Meet CBN Recapitalisation Requirements
Sterling Financial Holdings has completed a N101.64 billion capital raise on the Nigerian Exchange, satisfying the Central Bank of Nigeria's new minimum capital requirements.
RBI Approves Emirates NBD's Acquisition of Up to 74% Stake in India's RBL Bank for $3 Billion
The Reserve Bank of India has approved Emirates NBD's acquisition of up to 74% of RBL Bank at INR 280 per share, valuing the deal at approximately $3 billion.
Community West Bancshares and United Security Bancshares Complete California Merger to Form $5 Billion Bank
Community West Bancshares and United Security Bancshares have completed their merger, creating a combined institution with roughly $5 billion in assets and a 9.27% Central Valley market share.
Goldman Sachs Acquires Innovator Capital Management for $2 Billion to Expand ETF Business
Goldman Sachs is acquiring ETF provider Innovator Capital Management for $2 billion, expanding its exchange-traded fund offering as part of its asset and wealth management strategy.
BBVA Launches €1 Billion Share Buyback After Sabadell Hostile Bid Collapses
BBVA announced a €1 billion share buyback immediately after Spain's CNMV ruled against its hostile takeover of Banco Sabadell, ending a 17-month battle.
Fifth Third Bancorp Begins Comerica Integration, Combining Into a $294 Billion Asset Franchise
Fifth Third Bancorp has commenced the operational integration of Comerica, combining the two banks into a franchise with approximately $294 billion in total assets.
Ghana's Rural Banks Complete Community Bank Shift Today
All of Ghana's rural banks have transitioned to community banks effective March 31, 2026, marking a pivotal regulatory overhaul by the Bank of Ghana to strengthen the microfinance sector. This shift aims to enhance operational resilience amid evolving financial demands.
Nigeria's Unity Bank Merger Bolsters Banking Recapitalisation Drive
Nigeria's Unity Bank merger with Providus Bank advances amid CBN's aggressive recapitalisation push, as African banks post stellar 17% ROE in 2025, far outpacing global peers. The deal underscores continent-wide consolidation to build resilience against economic headwinds.
Citi Eyes $500B US Regional Bank Acquisition Amid Overhaul
Citigroup executives have explored buying a major US regional bank with around $500 billion in assets, such as PNC or Truist, to boost deposits and domestic presence, Bloomberg reports. The bank denies the rumors, focusing on organic growth as shares dip 4%.