JD Supra: Mergers

MAY 1, 2024

and the Office of the Comptroller of the Currency recently announced proposals to update their approaches to evaluating bank mergers and other business combinations under the Bank Merger Act. The Federal Deposit Insurance Corp. Originally published by Law360 - April 26, 2024. By: WilmerHale

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JD Supra: Mergers

APRIL 11, 2024

On March 21, 2024, the Federal Deposit Insurance Corporation (“FDIC”) approved a Federal Register notice seeking public comment on its proposal to revise its current Statement of Policy on Bank Merger Transactions. By: Seyfarth Shaw LLP

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The New York Times: Banking

JULY 24, 2024

Community banks are big commercial real-estate lenders. But they say their loans are to sturdy local businesses, not those facing vacant office space.

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TechCrunch: M&A

FEBRUARY 20, 2024

FairMoney, a digital bank based in Lagos and headquartered in Paris, is in discussions to acquire Umba, a credit-led digital bank providing payroll and financial services to customers in Nigeria and Kenya, in a $20 million all-stock deal, sources tell TechCrunch.

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JD Supra: Mergers

FEBRUARY 15, 2024

The Situation: On January 29, 2024, the Office of the Comptroller of the Currency ("OCC") requested comment on a proposed rule updating its bank merger rules and incorporating a policy statement (the "Proposal") on agency review of merger applications. By: Jones Day

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JD Supra: Mergers

JANUARY 29, 2024

The last two years have seen a significant uptick in the number of transactions involving credit union acquisitions of banks with 26 deals announced and two transactions already announced in 2024. Yet, the law around these transactions remains somewhat unsettled and the path to regulatory approval is often not clear.

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The New York Times: Banking

APRIL 26, 2024

The relatively small bank, the first to fail this year, will have its deposits assumed by another Pennsylvania lender, Fulton Bank.

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The New York Times: Banking

JUNE 24, 2024

Some banks are trying to avoid that fate. If landlords can’t pay back loans on office buildings, the lenders will suffer.

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The New York Times: Banking

JUNE 5, 2024

A steady stream of people lined up at the Bank of England on Wednesday to get what they hoped would be collector’s items: the first bank notes featuring the portrait of King Charles III.

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Global Newswire by Notified: M&A

JULY 22, 2024

NASDAQ: PBHC), the holding company for Pathfinder Bank (“Pathfinder”), announced today that Pathfinder has completed the previously announced purchase and assumption of the East Syracuse, New York branch of Berkshire Bank, the banking subsidiary of Berkshire Hills Bancorp, Inc. OSWEGO, N.Y.,

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American Banker - Investment Banking

MAY 13, 2024

What lies ahead for the banking industry this year? Here's what analysts and investors are tracking after the latest bank earnings reports.

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CNBC: Investing

JULY 22, 2024

Berkshire Hathaway trimmed its gigantic Bank of America holding for the first time in four and a half years following the bank's strong 2024 run.

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The New York Times: Banking

SEPTEMBER 14, 2023

The People’s Bank of China will allow commercial banks to hold less money in reserve, but businesses and households have been cautious about borrowing.

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Global Banking & Finance

SEPTEMBER 27, 2023

Bank of England delays final Basel bank capital rules to July 2025 LONDON (Reuters) – The Bank of England on Wednesday said it would delay by six months to July 2025 its roll out of the final leg of international bank capital rules that began after the global financial crisis over a decade ago. The […]

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The TRADE

JULY 23, 2024

Pan-European trading venue for securities Spectrum Markets has welcomed Baader Bank as a new trading member. Nicky Maan Baader Bank has been trading securities for over four decades, offering its partners and institutional investors access to capital markets through integrated trading platforms.

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Trading Bank Banking Retail 64

Focus Investment Banking

JULY 25, 2024

Washington, DC, (July 25, 2024) – FOCUS Investment Banking (“FOCUS”), a national middle market investment banking firm providing merger, acquisition, divestiture, and corporate finance services is honored to again be named among the Top 25 Lower Middle Market Investment Banks of Q2 2024 by Axial.

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Investment Banking Middle Market M&A Bank 52

The New York Times: Banking

MARCH 5, 2024

Federal Reserve officials and other bank regulators could roll out a new proposal this spring to ward off a repeat of 2023’s banking turmoil.

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Global Banking & Finance

JULY 25, 2024

BEIJING/SHANGHAI (Reuters) -Five of China’s major state-owned banks said on Thursday they would cut deposit rates, days after the country surprised markets by lowering benchmark lending rates to bolster growth in a struggling economy.

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CNBC: Investing

FEBRUARY 14, 2024

Higher-for-longer interest rates could squeeze margins and pressure capital levels in a sector still reeling from the March regional banking crisis last year.

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American Banker - Investment Banking

JULY 12, 2024

Chairman and CEO Jamie Dimon said while the economic outlook is 'benign,' the bank remains 'vigilant about potential tail risks.'

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Investment Banking Bank Banking Economics 91

Mergers and Inquisitions

NOVEMBER 22, 2023

I never expected to revisit the topic of bulge bracket banks so quickly because the full list changes slowly, and we updated it a few years ago. What is a “Bulge Bracket Bank”? The name “bulge bracket” (BB) comes from the prospectus for an IPO or debt issuance, which lists all the banks underwriting the deal.

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The New York Times: Banking

JUNE 26, 2024

The Federal Reserve for the first time tested major banks’ ability to withstand crisis scenarios — and the largest U.S. lenders stood tall.

Economics 89

Economics Bank Banking Financial Institution 89

The New York Times: Banking

APRIL 8, 2024

Using European Central Bank lending data, researchers said there was not evidence that voluntary commitments were effective in reducing emissions.

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The New York Times: Banking

FEBRUARY 8, 2024

Bank tremors serve as a reminder: Just because a crisis hasn’t hit immediately doesn’t mean commercial real estate pain isn’t coming.

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Razorpay

MAY 27, 2024

What is Core Banking Solution? A core banking solution (CBS) is a software used by banks to manage primary operations. It streamlines and centralises banking operations for any bank or NBFC. It streamlines and centralises banking operations for any bank or NBFC.

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Business Standard - FInance

JULY 4, 2023

Bank of India Mahila Samman Savings Certificate: The scheme was announced by Union Finance Minister Nirmala Sitharaman during her Budget speech this year

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European Investment Bank

JULY 24, 2024

The EIB Group Climate Bank Roadmap 2021-2025 was approved in November 2020. This progress report provides an update on measures taken in 2023 to implement the roadmap across key areas such as resilience to climate change, energy efficiency, clean energy, and sustainable transport.

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Bank Banking Transportation IT 52

The Guardian: Mergers & Acquisitions

JUNE 20, 2024

Deal comes after retailer’s strategic review concluded banking operations could distract from core grocery arm Business live – latest updates NatWest has struck a deal to buy most of Sainsbury’s banking business, adding 1m customer accounts in the latest wave of consolidation in the sector.

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Financial Times - Banking

JULY 1, 2024

Wall Street and European groups scaled back investment banking workforces in 2023

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Investment Banking Bank Banking Investment 107

The New York Times: Banking

FEBRUARY 7, 2024

A year after the collapse of Silicon Valley Bank, investors are fearing for regional lenders saddled with a mountain of souring commercial mortgages.

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The New York Times: Banking

DECEMBER 15, 2023

The bank warned that its tight monetary policy would continue “for a long period” as it attempts to slow an economy in danger of overheating.

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Global Banking & Finance

JULY 12, 2023

Nearly half of banking customers say they are missing the human connection in banking Research released today shows that banking customers are frustrated with their banking experience and are craving a more human connection from their interactions with their bank.

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Global Banking & Finance

JULY 15, 2024

Global Banking & Finance Review is proud to announce that NagaWarrants by Kenanga Investment Bank has been awarded Excellence in Innovation – Best Warrants Issuer Malaysia 2024 in the 2024 Global Banking & Finance Awards®. Global Banking & Finance Review’s […]

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Investment Banking Bank Banking Investment 75

Global Newswire by Notified: M&A

APRIL 15, 2024

April 15, 2024 (GLOBE NEWSWIRE) -- Wintrust Financial Corporation (“Wintrust”) (Nasdaq: WTFC) and Macatawa Bank Corporation (“Macatawa”) (Nasdaq: MCBC) today jointly announced that they have entered into a definitive merger agreement for Wintrust to acquire Macatawa in an all-stock transaction. ROSEMONT, Ill. and HOLLAND, Mich.,

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Business Standard - FInance

JUNE 23, 2023

The Reserve Bank on Friday said it has imposed a penalty of Rs 2.5 crore on Jammu and Kashmir Bank for non-compliance with certain directions, including one related to 'time-bound implementation and strengthening of SWIFT-related operational controls'. A penalty of Rs 1.45 A penalty of Rs 1.45

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CNBC: Investing

JUNE 20, 2024

Investors should eye this software stock just before a multiyear adoption cycle for AI-enabled dashcam technology takes hold, according to Bank of America.

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Bank Banking Investors Stock 106

Global Banking & Finance

OCTOBER 4, 2023

Central bank test lab develops global bitcoin mapping system By Marc Jones LONDON (Reuters) – A global central bank test lab has designed a prototype bitcoin monitoring system aimed at giving authorities a clearer picture on how, when and where the cryptocurrency is used.

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