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The First Bank to Collapse in 2024: What Led to the Failure of Republic Bank

JD Supra: Mergers

The first bank to meet its demise in 2024 is smaller than its 2023 counterparts. In 2023 we saw Silicon Valley Bank (“SVB”) and First Republic Bank (“First Republic”) fail. The most recent bank to experience a failure bears a striking resemblance – in name only – to one of these banks. By: Poyner Spruill LLP

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The banks that loaned Musk $13B to buy Twitter might be having regrets

TechCrunch: M&A

As readers might recall, billionaire Elon Musk borrowed $13 billion from Morgan Stanley, Bank of America and five other major banks to help finance the $44 billion acquisition of Twitter, as it was then called. X, the social network formerly known as Twitter, looks like a pretty bad investment right about now. All rights reserved.

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FDIC, OCC, and DOJ Update Guidance on Bank Merger Evaluations

JD Supra: Mergers

Last week, each of the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), and the Department of Justice Antitrust Division (DOJ) revised how they will review bank mergers. Our Financial Services and Antitrust teams highlight what banks considering mergers should know about the changes.

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Bank of England Highlights Concerns With Private Equity Financing

JD Supra: Mergers

The Bank of England’s Financial Policy Committee (FPC) and the Prudential Regulation Authority (PRA) recently delivered a series of speeches1 raising their concerns about the evolution of private equity financing and the banking sector’s exposure to the private equity industry.

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Top 3 Banking Secrets to Stay Relevant with Gen Z Consumers

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will explore the challenges regional and community banks have faced in implementing tailored credit card programs with flexible payment options as a tool to attract and retain the next generation of customers.

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Nubank acquires AI-for-banks startup Hyperplane

TechCrunch: M&A

Hyperplane focused on allowing banks to train their own models to power tools across their risk, collections and marketing departments. © 2024 TechCrunch. All rights reserved. For personal use only.

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Nigerian digital bank FairMoney in talks to buy Umba in $20M all-stock deal, sources say

TechCrunch: M&A

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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