Mergers and acquisitions

1376 articles tagged with this keyword

/retail

Will Metro Bank be 2023’s next banking collapse?

Metro Bank has had a rough week. News that the UK challenger bank was planning to raise up to £600 million from investors, prompted financial watchdogs to summon the bank’s bosses for a sit-down.

/retail

IeDigital buys Connect FSS

British digital banking software provider ieDigital has acquired US counterpart Connect FSS for an undisclosed fee.

/payments

ABN Amro sells stake in payments joint venture to Fiserv

ABN Amro has sold its 49% stake in payment processing joint venture EMS to Fiserv.

/inclusion

Financial wellbeing app Wagestream buys Keebo to help workers access credit

Financial wellbeing app Wagestream has acquired challenger credit card startup Keebo. Financial terms of the deal were not disclosed.

/security

Cisco acquires cybersecurity company Splunk in $28 billion deal

In its largest-ever deal, Cisco Systems has agreed to pay $28 billion to acquire cybersecurity company Splunk.

/retail

APImetrics and Contxt set to merge

Financial API and security specialists, APImetrics and Contxt today announced that they have agreed to merge.

/startups

ING to sell 85% stake in fintech spin off Cobase to Alpha Group

UK-based Alpha Group is to acquire 85% of Cobase, an ING-nurtured fintech that enables corporates to manage their banking relationships, accounts and transactions in one interface.

/wholesale

Citi sells SME lending business to Foro

Citi has sold Bridge, its online lending marketplace for SMEs, to Foro Holdings, a Charlotte-based commercial lending service provider.

/regulation

Ripple bags Nevada license through Fortress Trust acquisition

Ripple has acquired Fortress Trust, a financial institution that provides licensed Web3 financial, regulatory and technology infrastructure for blockchain outfits.

/people

Nasdaq raids UBS for new CFO

Exchange operator Nasdaq has appointed Sarah Youngwood as chief financial officer (CFO).

/payments

PandaDoc buys payments firm Denario

American document workflow software firm PandaDoc has acquired German business payment network Denario. Terms were not disclosed.

/payments

Trustly acquires SlimPay

Swedish open banking and payments firm Trustly has acquired A2A-based recurrring payments platform SlimPay in a deal believed to be worth €70 million.

/wealth

Goldman sells mass market wealth management business

Goldman Sachs continues its retreat from the mass-market banking arena, selling off its Personal Financial Management (PFM) unit to Creative Planning.

/retail

Orange sells Romanian banking unit to Alpha

Telco giant Orange has agreed to sell its digital banking operations in Romania to local player Alpha Bank. Financial terms were not disclosed.

/markets

Yahoo buys social investing platform Commonstock

Yahoo has acquired Commonstock, a social platform that lets retail investors link their brokerage accounts and share their portfolio's performance and discuss their trades and strategies. Terms of the deal were not disclosed.

/markets

TT boosts cross-asset offering with Abel Noser Solutions acquisition

Capital markets tech vendor Trading Technologies has agreed to buy Abel Noser Solutions (ANS), a provider of transaction cost analysis for investment managers, brokers, asset owners and consultants. Financial terms of the deal were not disclosed.

/wealth

Goldman considers sale of mass market wealth management business

Goldman Sachs is considering the sale of its Personal Financial Management unit, further accelerating its retreat from the mass-market banking business.

/payments

Brazil's Matera buy Cinnecta to bring AI to instant payments

Brazil's Matera is bringing AI to instant payments after acquiring local outfit Cinnecta. Financial terms of the deal were not disclosed.

/wholesale

Basware makes offer for Irish fintech Glantus

AP automation and invoice processing firm Basware has made a £17.8 million cash offer for the entire share capital of Ireland's Glantus.

/markets

Deutsche Börse Group to acquire FundsDLT

Deutsche Börse Group is to acquire the remaining shares in FundsDLT, a Luxembourg-based company which uses distributed ledger technology for fund distribution and processing.