M&A
M&A
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Wells Fargo, reeling from years of scandals, is unloading several businesses as it seeks to simplify its structure. The sale of the asset management unit could fetch more than $3 billion, according to industry sources.
December 14 -
The accelerating pace of branch closures is partly due to industry consolidation, according to the community reinvestment group that authored the new report.
December 14 -
The Columbus, Ohio, company says it has delivered on M&A promises before, and many observers say its deal for rival TCF Financial is an opportunistic move in its bid to build a Midwestern powerhouse. But others questioned whether Huntington's cost-cutting and profit expectations are too optimistic.
December 14 -
The Amarillo company is buying First National Bank of Tahoka, continuing the industry’s consolidation in the state.
December 14 -
The $62.7 million merger of Linkbancorp and Gratz Bank would create a company with over $800 million of assets and nine branches stretching from Harrisburg to the Philadelphia suburbs.
December 14 -
A group that includes the private equity firms Apollo Global Management and Blackstone Group is in talks to acquire Wells Fargo’s student loan portfolio, according to people familiar with the matter.
December 14 -
The deal would create a $168 billion banking company in the Midwest and be the latest in a string of regional bank combinations.
December 14 -
The Boston-based firm has been informally working with an adviser to review strategic alternatives for State Street Global Advisors, including a merger with a competitor, people familiar with the matter said.
December 11 -
The incoming Biden administration must take steps to block mergers that could create monopolies, such as Visa's pending acquisition of a competitor.
December 10 -
FleetCor Technologies, whose peers with fleet-card roots include WEX and U.S. Bank Voyager, has been on an M&A streak that netted several B2B payments specialists in areas that take FleetCor in new directions, as rivals also diversify.
December 10