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.

Bank 270

Bank Banking Stock Financial Services 270

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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Mergers Bank Banking IT 161

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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Bank Banking Acquisitions 265

JD Supra: Mergers

APRIL 4, 2024

The Proposal clarifies the FDIC’s bank merger approval process but may prove challenging for new large bank consolidations with the FDIC as the primary regulator.

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Mergers Bank Banking Insurance 128

JD Supra: Mergers

FEBRUARY 5, 2024

On January 29, the OCC announced a proposed rule for bank merger approvals under the Bank Merger Act (BMA). The OCC proposed changes to 12 CFR 5.33 to reflect its view that a business combination is a significant corporate transaction. By: Orrick, Herrington & Sutcliffe LLP

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Mergers Bank Banking Corporation 149

JD Supra: Mergers

APRIL 5, 2024

On March 21, the Federal Deposit Insurance Corporation (FDIC) published for comment a proposal (Proposal) to revise its Statement of Policy on Bank Merger Transactions (SOP). If adopted as proposed, the Proposal would modify the SOP substantially, effectively creating an entirely new policy.

Mergers 161

Mergers Bank Banking Insurance 161

JD Supra: Mergers

FEBRUARY 8, 2024

On January 29, 2024, the OCC issued a proposed policy statement[1] describing the general principles it uses to evaluate applications for approval of transactions under the Bank Merger Act (“BMA”), principally bank mergers, consolidations, and deposit assumptions (“Business Combinations”). By: Morrison & Foerster LLP

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Mergers Bank Banking Business 167

JD Supra: Mergers

FEBRUARY 26, 2024

Office of the Comptroller of Currency (OCC) released a notice of proposed rulemaking (NPR) seeking to “increase the transparency of the standards that apply to the agency’s review of business combinations involving national banks and Federal savings associations.” By: Proskauer - Regulatory & Compliance

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Mergers Bank Banking Business 155

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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Bank Banking Financial Institution 135

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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Bank Banking Financial Institution 124

American Banker - Investment Banking

APRIL 22, 2024

After several quarters of slumping investment banking and trading fees, the Charlotte, North Carolina-based company reported a big uptick from that division, which helped compensate for a large decline in net interest income.

Investment Banking 106

Investment Banking Bank Banking Investment 106

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 […]

Bank 124

Bank Banking Capital IT 124

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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Bank Banking Business Financial Institution 118

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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Bank Banking Capital 116

Global Banking & Finance

APRIL 23, 2024

Open Banking and Cross-Border Payments: Advancements and Challenges As the global financial ecosystem becomes increasingly interconnected, open banking is emerging as a pivotal technology in revolutionizing cross-border payments.

Bank 92

Bank Banking Business 92

American Banker - Investment Banking

APRIL 24, 2024

At the banks' annual meetings, shareholders at both companies struck down proposals that would have split the board chair and CEO roles. Two other proposals also failed to win shareholder support, one concerning energy financing and another on pay gap analysis.

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Bank Banking Finance Finance 111

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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Corporation Bank Banking Mergers 111

Global Banking & Finance

APRIL 30, 2024

Banking on Generative AI: Three Strategic Frontiers to Conquer in 2024 Financial institutions have long grappled with the challenge of offering best-in-class customer service and personalization with pockets of success.

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Bank Banking Financial Institution 110

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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Bulge Bracket Bank Banking Boutique 105

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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Bank Banking Financial Institution Debt 132

CNBC: Investing

MAY 8, 2024

JPMorgan said this regional bank is so appealing that it would have attracted attention from the late Charlie Munger.

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Bank Banking Trading IT 109

CNBC: Investing

APRIL 30, 2024

Bank of America's Stephen Suttmeier forecasts headwinds for the S&P 500 in May before a summer rally.

S&P 127

S&P Bank Banking 127

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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Bank Banking Investors Financial Institution 109

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

Bank 145

Bank Banking Finance Finance 145

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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Bank Banking IT Financial Institution 131

Growth Business

SEPTEMBER 25, 2023

By Dom Walbanke on Growth Business - Your gateway to entrepreneurial success The British Business Bank has recorded a £135m loss in the year ending March after a drop in portfolio valuations. Taylor took over from Catherine Lewis La Torre in February this year, stating at the time he’d like to see the bank invest in more UK scale-ups.

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Bank Banking Business Economics 104

CNBC: Investing

APRIL 26, 2024

History shows in this economic environment, dividend stocks have led the way higher a majority of the time, Bank of America's Savita Subramanian said.

Bank 119

Bank Banking Stock Economics 119

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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Bank Banking 132

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.

Bank 98

Bank Banking Business 98

American Banker - Investment Banking

FEBRUARY 27, 2024

The hire of veteran investment banker Doug Braunstein comes as Scharf makes progress on his efforts to grow Wells' investment bank. CEO Charlie Scharf has added another former JPMorgan Chase colleague to his leadership team as his shake-up of Wells Fargo continues.

Investment Banking 111

Investment Banking Bank Banking Investment 111

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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Bank Banking Advisory Accountant 98

Peak Frameworks

MAY 2, 2024

If you're interested in breaking into finance, check out our Private Equity Course and Investment Banking Course , which help thousands of candidates land top jobs every year. From processing deposits and withdrawals to resolving customer inquiries, tellers play a pivotal role in ensuring a seamless banking experience.

Bank 52

Bank Banking Finance Finance 52

The New York Times: Banking

NOVEMBER 29, 2023

Ardith Lindsey, a managing director, is accusing the bank of tolerating a culture in which managers sexually harassed her.

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Bank Banking Management Financial Institution 134

The New York Times: Banking

JANUARY 27, 2024

Dick Bove, the ubiquitous banking expert, is going out swinging after more than half a century in the business.

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Bank Banking Business Broker 143

Global Banking & Finance

MAY 6, 2024

Enhancing customer experience in banking through digital innovations The banking industry is undergoing a digital transformation, driven by technological innovations that are reshaping the way banks interact with their customers.

Bank 40

Bank Banking Financial Services 40

The TRADE

JANUARY 5, 2024

The Central Bank of Kenya has launched Bloomberg’s Electronic Matching System (EMS), BMatch, for interbank trading in the local foreign exchange market. These orders are displayed and subsequently matched with counterparty orders “based on mutual trading limits and other parameters configured by each bank”.

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Trading Bank Banking Electronics 106

Mergers and Inquisitions

DECEMBER 20, 2023

If you want to know how to get an investment banking internship, it’s simple: Start very, very early and have a great “Plan B” if something goes wrong. And yes, you read the news correctly: Banks like RBC, DB, Houlihan Lokey, Rothschild, and Guggenheim opened 2025 summer internship applications in calendar year 2023. Corporate banking.

Investment Banking 105

Investment Banking Bank Banking Investment 105