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Banking Industry Outlook: Potential Surge in Banking Mergers and Acquisitions

JD Supra: Mergers

Mergers and acquisitions continue to be a critical strategy for banks aiming to bolster their market presence and operational efficiency. The United States has 4,500+ banks, 4,000+ credit unions, and a large number of Fintechs/other non-traditional financial institutions providing services to the U.S. By: Ankura

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What the 2024 Election Results Mean for Regional and Community Financial Institutions

JD Supra: Mergers

With the 2024 national election results now behind us, speculation turns to what the change in Presidential administration and likely Republican control of both the United States Senate and the House of Representatives may mean for community and regional banks in at least the coming two years. By: Manatt, Phelps & Phillips, LLP

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Bank Transfer Signals Syria Is Making Strides in Ending Economic Isolation

The New York Times: Banking

The bank-to-bank transfer using the SWIFT system was symbolically important, indicating the war-torn country was reintegrating into the global financial community.

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Navigating the Future of Banking: Insights from Producers Savings Bank

Global Banking & Finance

The role of technology in banking has never been more critical, especially as financial institutions navigate an evolving landscape defined by rising customer expectations, regulatory challenges, and increasing competition.

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Second Circuit Adopts "Transfer-by-Transfer" Approach to Bankruptcy Code's Safe Harbor for Securities Contracts Payments

JD Supra: Mergers

883 (2018), that a debtor may itself qualify as a "financial institution" covered by the safe harbor by retaining a bank or trust company as an agent to handle payments, By: Jones Day Supreme Court suggested (but did not hold) in Merit Mgmt. FTI Consulting, Inc.,

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GFO-X names ABN AMRO Clearing, IMC, Standard Chartered Bank and Virtu Financial as strategic partners ahead of launch

The TRADE

ABN AMRO Clearing, IMC, Standard Chartered Bank and Virtu Financial have been named as strategic partners for GFO-X ahead of its launch in Q1 2025. The venue added that it looks forward to announcing additional partnerships with leading financial institutions in the immediate future.

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Regulators Seize Republic First, a Troubled Philadelphia Bank

The New York Times: Banking

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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