M&A

Visa and Plaid call off merger, ending DOJ litigation

01/12/21

Visa and Plaid have terminated their tie-up and reached an agreement with the Department of Justice to dismiss the litigation brought against them when the deal raised antitrust questions.

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Canadian banks eye U.S. acquisitions

01/11/21

Flush with excess capital, Bank of Montreal, TD Bank and others say they might be in the market to do a cross-border deal.

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With share prices rising, banks have more growth options

01/11/21

Bank stocks have climbed because of expectations that the change of power in Washington will hasten vaccine distribution and speed the economic recovery. The boost could give executives more flexibility to pursue acquisitions or make other strategic moves.

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What banks, fintechs can learn from Simple’s rise and sudden death

01/11/21

BBVA’s acquisition of Simple, the first neobank, was closely watched as a possible model for others in the industry. But the shutdown last week of Simple has again stirred a debate about whether upstarts and traditional players can ever fit together.

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NCR offers to buy ATM operator Cardtronics for $1.7 billion

01/11/21

NCR Corp. offered to buy Cardtronics Plc for more than $1.7 billion, beating an earlier bid for the ATM operator from Apollo Global Management Inc. and a partner.

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Equifax to tackle e-commerce fraud with $640M Kount deal

01/08/21

The credit reporting firm has been building out its identity and fraud protection business for existing customers, which include many of the world’s largest banks and telecommunications companies.

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Canadian banks face conundrum: How to use a spare $55.5 billion

01/08/21

After nine months of stockpiling capital to ensure they could withstand the strains of the pandemic, Canada's biggest banks are facing a new problem: how to spend all that extra money.

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Maine credit unions wrap up 18-month merger process

01/07/21

Discussions to combine Penobscot County Federal Credit Union and The County FCU began in June 2019 but the deal was not completed until the end of 2020.

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SoFi to go public via SPAC with $8.7B valuation

01/07/21

The deal between San Francisco-based lender and Social Capital Hedosophia Holdings Corp. V is latest example of a closely held firm going public by merging with a special purpose acquisition company.

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U.S. Bancorp buying large custody book from MUFG Union Bank

01/06/21

U.S. Bancorp says its agreement to buy a portfolio with $320 billion of assets under management will raise its profile on the West Coast. The MUFG unit plans to reinvest proceeds from the sale in other priorities.

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