M&A
M&A
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The $9.1 billion acquisition of SunGard Data Systems would deepen FIS' bench in banking and asset management services and add products for capital markets, dovetailing with banks' desire to narrow the list of companies that serve them.
August 12 -
C2FO, the operator of an online marketplace for small-business financing, announced a $40 million equity funding round led by a Singapore investment firm.
August 12 -
Wells Fargo may divest its crop insurance business in an auction that could fetch more than $1 billion.
August 12 -
Fidelity National Information Services, a provider of banking and payments technology, agreed to buy software maker SunGard Data Systems in a deal valued at $9.1 billion, including the assumption of debt.
August 12 -
General Electric agreed to sell its health-care finance unit to Capital One Financial for about $9 billion.
August 11 -
The relationship between banks and private equity has been tense at times, but the aid PE firms are supplying to struggling energy firms could limit the losses suffered by lenders.
August 11 -
Shareholders of Lenox National Bank have approved a deal to sell the institution to its western Massachusetts neighbor Adams Community Bank.
August 11 -
Chicago-based Envestnet will pay $660 million in cash and stock for Yodlee, a California firm that sells data-aggregation services to banks and others.
August 10 -
A breakdown of M&A announcements in the financial services industry for the week ended Aug. 8.
August 10 -
Cascade Bancorp took less than two weeks to integrate its last acquisition, and CEO Terry Zink explains one of the big reasons: officials at the Oregon bank spent months beforehand with an outside firm practicing the conversion.
August 10 -
Ameriana Bancorp in New Castle, Ind., which is being acquired by First Merchants in Muncie, Ind., lowered its second-quarter profit after it discovered the sale required a higher tax payment.
August 10 - California
Bank of the West in San Francisco has sold its insurance subsidiary to an insurance brokerage.
August 10 -
ValueAct Capital Management has amassed a stake in American Express, people with knowledge of the matter said, as the activist fund considers pursuing shareholder-friendly changes at the credit-card issuer.
August 7 -
A recap of the informed opinions (and the discussions they generated) on BankThink this week, including a critical look at the Fed's post-crisis monetary policies and a bid to make the funding community groups receive from banks more transparent.
August 7 -
Cordia Bancorp found an experienced leader to run its bank, and executive recruiters believe more companies could do the same as they try to train the next generation. One problem: Most retired CEOs seem content to sit on the sidelines after enduring the financial crisis.
August 7 -
Bryn Mawr Bank in Pennsylvania has issued $30 million in subordinated debt.
August 7 -
Heritage Financial in Olympia, Wash., has agreed to an early termination of its Federal Deposit Insurance Corp. loss-share agreements for its purchase of two failed banks in 2010.
August 7 -
Capital One Financial is in exclusive talks with General Electric to buy the company's health-care finance unit, people familiar with the matter said.
August 7 -
Bank of America is offering $1.2 billion of mostly delinquent home loans, extending a series of sales by lenders seeking to pare holdings and meet demand by investment firms for soured mortgages.
August 7 -
BB&T will dismiss most of a 21-person small business lending group who had been employed by Susquehanna Bancshares.
August 6





