M&A
M&A
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The Wall Street giant will inherit some $56 billion of low-cost deposits that will allow it to offer more traditional banking products to its wealth management clients.
February 20 -
The heads of the two companies explain how the deal came about, what hurdles they face and how they plan to mash up their very different operations.
February 20 -
The all-stock takeover would add E-Trade’s $360 billion of client assets to Morgan Stanley’s $2.7 trillion.
February 20 -
$13 billion deal will get Morgan Stanley "ready for prime time"; Ralph Hamers will replace Sergio Ermotti later this year.
February 20 -
The company will nearly double the amount of marine loans on its books after buying a division from People's United.
February 19 -
Investors are reacting skeptically to the auto lender's deal to acquire CardWorks for $2.65 billion.
February 19 -
The challenge for other fintechs will be to find banks that are as compatible as Radius Bank, an online-only lender, is for LendingClub.
February 19 -
CardWorks also specializes in subprime credit cards and loans for recreational and marine vehicles.
February 18 -
The bank still plans to open branches on the West Coast even as it trims its overall U.S. footprint by 30%.
February 18 -
The deal for Boston-based Radius would be the first in history in which an online lender buys a mainstream bank.
February 18 -
Alexander most recently headed up mortgage lending and before that co-led the integration of Key's acquisition of First Niagara. He replaces Dennis Devine, who recently left the company.
February 18 -
The deal to create the nation's second-largest wireless network may lead to a revamp of a discount that reportedly drives 250,000 new Sprint customers annually.
February 18 -
The company will pay $130 million for Commerce Financial Holdings.
February 18 -
Meyer was credited with guiding the Cleveland company through the financial crisis and returning it to profitability. He died this week at his home in Florida.
February 14 -
Gulf Power Company Employees CU will merge into Tallahassee-based FSU Credit Union later this year, pending regulatory and member approval.
February 13 -
The deal for Trinity Capital in Los Angeles would further strengthen the company's capital markets capabilities.
February 13 -
Square has buttressed its deep-learning with the purchase of Dessa, a Toronto-based machine learning startup that specializes in advanced risk management.
February 12 -
Capital Corps, founded by former Banc of California CEO Steven Sugarman, wants the minority-run Broadway sold to a buyer that serves low- and moderate-income borrowers.
February 12 -
Bank will have more business lines, all reporting to the CEO; a research paper says the accounting rule could result in eased capital rules.
February 12 -
The Iowa company will pay $280 million to gain 25 branches and $1.2 billion in loans.
February 11




















