The Canadian banking giant also announced that Nandita Bakhshi, the San Francisco bank's CEO, will join the board of directors of its U.S. holding company and serve as a special advisor on integration.

Bank of Montreal has received approval from the the Federal Reserve to acquire San Francisco-based Bank of the West, a combination that will create the 15th-largest U.S. lender.

JPMorgan Chase Chief Executive Jamie Dimon called the firm's botched acquisition of the college financial-planning website Frank "a huge mistake" and vowed to share takeaways at a later date.

Anu Aiyengar, who was named co-head of global M&A in 2020, will be sole head of global mergers and acquisitions at JPMorgan Chase, making her the only woman to lead that franchise at a major Wall Street bank.

A lawsuit filed by the bank against the founder of a tech venture risks renewing concerns about JPMorgan's rapid deployment of shareholder cash in recent years.

JPMorgan Chase is claiming the founder of Frank, a college financial-planning site the bank acquired in 2021, defrauded it by vastly inflating the number of customers the company had.

Voyager Digital Ltd. won court approval to sell its crypto platform to Binance.US for $20 million as part of Voyager's plan to liquidate in bankruptcy.

The green light from the FDIC marks the end of the acquisition's final regulatory hurdle. The banks expect the deal to close by the end of February.

4Front Credit Union in Traverse City has agreed to buy Old Mission Bank in Sault Sainte Marie. There were 16 such acquisitions announced in 2022.

The deal would create a $3.2 billion-asset bank with branches in four states, including an expanded presence in Texas.