News Topic: M&A

The deal will give Janney greater access to the community banking sector. ... Read full article

The companies could bring something new, such as merchant acquiring to community banks, but their merger could also cause anxiety about giant vendors. ... Read full article

Given the size of the deal — which includes about $9 billion of Worldpay’s debt on top of a $34 billion bid — the pressure’s on to build a global powerhouse that can counter other major fintech mergers announced in the past weeks. FIS must also emerge as a ... Read full article

The $35 billion deal could create "a global payments giant"; with the number of community banks dropping as low as 5,477, it may be time for new ones. ... Read full article

Financial services technology company FIS has agreed to buy Worldpay in a deal valued at $43 billion, which allows FIS to counter the transaction processing scale Fiserv received when it acquired First Data earlier in 2019. The merger price is based on a ... Read full article

Mechanics, owned by a fund tied to investor Gerald J. Ford, will pay $2 billion for Rabobank in California. ... Read full article

PricewaterhouseCoopers settled a lawsuit in which the FDIC accused it of negligence in its role as external auditor for Colonial Bank. But FDIC board member Martin Gruenberg objected because the firm did not accept blame. ... Read full article

Gateway Mortgage Group says its launch of a digital-only bank is scheduled for this summer. ... Read full article

The small Wisconsin city features a vibrant economy, low employment and a growing population, but banks that want to buy their way into the market have their work cut out. ... Read full article

The Federal Reserve and Federal Deposit Insurance Corp. will hold two public meetings on BB&T's planned purchase of SunTrust to consider the deal's impact on the U.S. banking system ... Read full article

The regional bank, which recently agreed to buy SunTrust, is co-developing a game to help elementary-school kids learn to read. ... Read full article

The combined bank would be chartered in North Carolina, with the FDIC serving as its lead federal regulator, N.C. Banking Commissioner Ray Grace says. The merger partners had other options, including the Fed and the OCC. ... Read full article

Loyal Trust Bank will have a large number of Asian-American investors and board members. ... Read full article

Big bank mergers have historically been a catalyst for startups. Experts say it could happen again. ... Read full article

A Deutsche Bank and Commerzbank merger would face many hurdles; the mini-branch will have longer hours and cater to small companies. ... Read full article

Bank employees say management has not let up on ambitious sales goals; women bankers say UBS cut bonuses after maternity leave. ... Read full article

It took less than six months to hammer out the biggest bank merger in more than a decade, and the price was one of the last things discussed, according to a new federal filing. ... Read full article

Just nine bank merger pacts were announced in February, down from 17 in January. But they included the biggest deal in years and some other interesting storylines. ... Read full article