Tag archive for ‘Banking industry news’
By businessnewstoday On Sunday, October 18th, 2020
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First Citizens BancShares to acquire rival US bank firm CIT Group

(adsbygoogle = window.adsbygoogle || []).push({}); First Citizens BancShares, the parent company of First-Citizens Bank & Trust, has signed a $2.2 billion deal to acquire CIT Group, the parent More...

By Soujanya Ravi On Thursday, October 1st, 2020
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Crédit Agricole CIB sells remaining stake in Banque Saudi Fransi for €332m

Crédit Agricole Corporate & Investment Bank (Crédit Agricole CIB) has completed the sale of its remaining 4% stake in Banque Saudi Fransi (BSF) for SAR1.45 billion (€332m) to a couple of Saudi Arabian government-related More...

By Soujanya Ravi On Thursday, October 1st, 2020
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JPMorgan Chase launches new digital platform for fraud protection

JPMorgan Chase has launched a new digital hub called Fraud Protection Services that comes with improved fraud prevention tools for its small to mid-sized business clients. The digital hub is said to help the clients More...

By businessnewstoday On Tuesday, September 29th, 2020
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First Mid Bancshares to acquire Providence Bank owner First Mid Bank & Trust

First Mid Bancshares, the parent company of First Mid Bank & Trust, has agreed to acquire LINCO Bancshares, the holding company for Missouri-based Providence Bank, in a cash-cum-stock deal worth around $144.9 More...

By businessnewstoday On Saturday, August 29th, 2020
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Pacific Alliance Group to take majority stake in Edelweiss Wealth Management

Asia-focused investment group Pacific Alliance Group (PAG) has signed a deal worth $300 million with Indian financial services firm Edelweiss Group to acquire a stake of 51% in its wealth management business, which More...

By businessnewstoday On Saturday, August 29th, 2020
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Hanover Bancorp to acquire NY City-based commercial bank Savoy Bank

Hanover Bancorp, the parent company of Hanover Community Bank, has agreed to acquire New York City-based commercial bank Savoy Bank in a stock-cum-cash deal worth around $63 million. As per the terms of the deal, More...

By businessnewstoday On Saturday, August 29th, 2020
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360 Finance gets approval for Kincheng Bank of Tianjin deal

360 Finance, a Chinese digital consumer finance platform, said that one of its affiliates 360 Group has secured approval from the China Banking and Insurance Regulatory Commission to wrap up its previously announced More...

By businessnewstoday On Friday, August 21st, 2020
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Enterprise Financial Services, Seacoast Commerce Banc sign merger deal

US bank holding companies Enterprise Financial Services (EFSC) and Seacoast Commerce Banc (SCBH) have signed a $156 million worth deal to create a leading small business administration lender (SBA lender) in the More...

By businessnewstoday On Sunday, July 26th, 2020
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Temenos helps Orange Bank Africa implement mobile-first banking strategy

Temenos, a Swiss banking software company, said that it has helped Orange Bank Africa to go live with cloud-native Temenos Transact delivered as SaaS and provide innovative digital banking services in West Africa. According More...

By businessnewstoday On Sunday, July 26th, 2020
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Orange, NSIA to launch Orange Bank Africa in Abidjan and Côte d’Ivoire

Orange, a telecommunications provider in Africa and the Middle East, has joined forces with financial services provider NSIA Group, for the launch of Orange Bank Africa in Abidjan and Côte d’Ivoire. Orange Bank More...