Tag archive for ‘Banking industry news’
Eastern Bankshares, Century Bancorp sign $642m merger deal
By businessnewstoday On Thursday, April 8th, 2021
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Eastern Bankshares to acquire Century Bancorp in $642m deal

(adsbygoogle = window.adsbygoogle || []).push({}); Eastern Bankshares has agreed to acquire rival Boston-based bank holding company Century Bancorp in an all-cash deal worth $642 million. While Eastern More...

Banco Santander offers to take full ownership of Santander México in €550m deal
By businessnewstoday On Sunday, March 28th, 2021
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Santander offers to take full ownership of Santander México in €550m deal

Banco Santander revealed intentions to make a cash offer of 24 Mexican pesos per share or €550 million to acquire the remaining 8.3% stake in its Mexican subsidiary Santander México. According to the Spanish More...

Westpac Banking combines consumer and business units
By businessnewstoday On Wednesday, March 17th, 2021
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Westpac Banking combines consumer and business units

Australian lender Westpac Banking said that it will bring together the leadership of its consumer and business units into a new Consumer & Business banking division. The consolidated unit will be led by Westpac More...

Fidelity D & D Bancorp to acquire Landmark Bancorp for $43m
By businessnewstoday On Sunday, February 28th, 2021
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Fidelity D & D Bancorp to acquire Landmark Bancorp for $43m

Fidelity D & D Bancorp has agreed to acquire rival Pennsylvania-based bank holding company Landmark Bancorp in a cash-cum-stock deal worth $43.4 million. Landmark Bancorp is the holding company of Landmark Community More...

M&T Bank to acquire People's United Financial in $7.6bn al-stock deal
By businessnewstoday On Sunday, February 28th, 2021
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M&T Bank to acquire People’s United Financial in $7.6bn all-stock deal

M&T Bank Corporation has signed an all-stock deal worth around $7.6 billion to acquire rival US bank holding company People’s United Financial. Headquartered in Bridgeport, Connecticut, People’s More...

ICICI Bank Namma Chennai Smart Card
By businessnewstoday On Wednesday, February 24th, 2021
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ICICI Bank launches Namma Chennai Smart Card

ICICI Bank has launched Namma Chennai Smart Card – a Common Payment Card System (CPCS) created in partnership with the Greater Chennai Corporation (GCC) and Chennai Smart City (CSCL). The Namma Chennai Smart More...

TCS to provide TCS BaNCS for Market Infrastructure for BankservAfrica
By businessnewstoday On Thursday, February 18th, 2021
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TCS to provide TCS BaNCS for Market Infrastructure for BankservAfrica

Tata Consultancy Services (TCS) said that South African automated clearing house BankservAfrica has selected its TCS BaNCS for Market Infrastructure solution for driving the Rapid Payments Program (RPP). The Rapid More...

Western Alliance to acquire AmeriHome Mortgage for $1bn
By businessnewstoday On Wednesday, February 17th, 2021
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Western Alliance to acquire AmeriHome Mortgage for $1bn

Western Alliance Bancorporation has agreed to acquire Aris Mortgage Holding Company, the parent company of AmeriHome Mortgage Company, for $1bn. Based in Thousand Oaks, California, AmeriHome Mortgage is a residential More...

IKEA stores owner Ingka Group to acquire 49% stake in Ikano Bank
By businessnewstoday On Saturday, February 13th, 2021
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IKEA stores owner Ingka Group to acquire 49% stake in Ikano Bank

Ingka Group, the owner of IKEA stores, is foraying into consumer banking, by acquiring a stake of 49% in Sweden-based Ikano Bank from Ikano for an undisclosed price. As per the terms, Ingka Group will have the option More...

HDFC Bank offers SmartUp grants for Indian start-ups
By businessnewstoday On Wednesday, February 10th, 2021
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HDFC Bank offers SmartUp grants for Indian start-ups

HDFC Bank, a private sector banking group in India, has invited start-ups and solo entrepreneurs to apply for its SmartUp grants offered under #Parivartan, the umbrella CSR brand of the bank. The objective of the More...