M&A
Mergers, acquisitions, divestitures, and deal-making across the global financial sector.
Citi Launches Global AI Infrastructure Banking Unit
Citigroup has formed a dedicated global AI infrastructure banking group, uniting senior leaders from investment and corporate banking to seize opportunities in surging data center demand. The bank projects nearly $3 trillion needed by 2030 for AI-driven infrastructure buildout.
Taiwan's SinoPac Bank to Absorb King's Town in Major Merger
Taiwan's Bank SinoPac will merge with King's Town Bank, issuing 1.865 billion shares worth 44.76 billion New Taiwan dollars plus cash to acquire its sibling under parent SinoPac Financial. The deal positions SinoPac as the surviving entity amid a 3% share drop for the holding company.
Morrow Bank Buys MedMera in Nordic Growth Push
Morrow Bank has struck a deal to acquire MedMera Bank, its fourth purchase in under two years, bolstering its consumer finance footprint across the Nordics. Analysts at Pareto Securities applaud the move for its long-term cost synergies despite macroeconomic headwinds.
QCC Partners Southeast Asian Bank on CAKU Digital Platform
CLPS Incorporation's subsidiary QCC has teamed up with an emerging Southeast Asian financial institution to roll out the CAKU-powered digital banking solution, targeting credit cards and personalized services. This deal bolsters CLPS's regional fintech push amid 15% revenue growth.
Kenya Becomes First Market for Inverite's Digital Credit Infrastructure Platform
Canadian fintech firm Inverite launches its Digital Credit Infrastructure initiative in Kenya through a partnership with Weritas Technologies, aiming to bridge the gap between digital financial participation and formal credit access in East Africa's most advanced mobile money ecosystem.
JP Morgan Names HSBC Veteran Badhwar India Chief
JP Morgan has appointed HSBC's Rahul Badhwar as its senior country officer for India, effective July 2026, to lead growth in the fast-expanding market after Kaustubh Kulkarni's departure. Based in Mumbai, he will report to Asia Pacific CEO Sjoerd Leenart and join the regional management committee...
Asia Pacific CFOs Demand Flexible Digital Capital Tools: Visa Index
Visa's 2025-2026 Working Capital Index exposes stark gaps in Asia Pacific firms' access to tailored finance solutions amid economic pressures. High performers using AI and digital payments unlock millions in benefits, urging banks to innovate faster.
Kenyan Banks Surge Domestically and Regionally in 2025
Kenyan banks posted robust 2025 profits, with Equity Group up 55% to Sh75.5 billion and KCB at a record Sh68.35 billion, fueled by interest income growth and East African expansion. Equity and KCB rank among the world's top 10 strongest banking brands.
Bernitsas Law Guides CrediaBank's Euclid Portfolio Refinancing
Greece's CrediaBank, fifth-largest by assets, refinanced its Euclid Portfolio acquisition via a secured bond loan and guarantees facility, with Bernitsas Law as Greek counsel to the bank acting as bondholder agent and arranger.
UBA, BII Ink Africa-Wide Trade Finance Pact
United Bank for Africa and British International Investment have signed a letter of intent to boost trade finance across 20 African countries, targeting the continent's $80 billion gap. The deal leverages AfCFTA to aid SMEs with working capital and letters of credit.
Standard Bank Funds Enko Education's $22m Africa Expansion
Standard Bank has provided a $22 million multi-currency facility to Enko Education, enabling acquisitions across African borders. The deal underscores growing financial support for the continent's education sector amid rising demand for quality schooling.
SCBX Terminates Home Credit Vietnam Acquisition After Conditions Precedent Cannot Be Met
SCBX's SCB board approved the termination of its $796m acquisition of Home Credit Vietnam on 20 March 2026, after conditions precedent could not be fulfilled.