M&A
M&A
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NCUA board member Mark McWatters defended the agency's position on credit union-bank purchases and called out the ongoing sniping on both sides of the argument.
February 25 -
WSFS, in an effort to catch up with bigger rivals, plans to upgrade digital channels in three years instead of five.
February 24 -
Observers speculate that Intuit simply wants to enhance revenue and protect its tax software business, but the CEOs of each company say the deal would also give consumers more control of their overall finances.
February 24 -
Intuit’s reportedly nearing a $7 billion deal to acquire Credit Karma, giving it an offering that could empower fintechs to more closely encroach on bank territory.
February 24 -
Intuit has agreed to buy Credit Karma for $7.1 billion. The move is seen as a way for Intuit to get access to more consumer behavior data, generate new sources of income and potentially protect a key business.
February 24 -
The company is buying a homebuilder finance portfolio with $47 million in loans and $80 million in commitments.
February 24 -
When small banks leave the community, it makes sense for credit unions to fill the void.
February 24 - Finance and investment-related court cases
Tech firm accuses PNC of stealing trade secrets; online lender LendingClub agrees to acquire Radius Bank; questions arise whether regulators are turning more partisan; and more from this week's most-read stories.
February 21 -
Ally Financial's recently announced $2.65 billion cash-and-stock deal for CardWorks, which offers unsecured credit cards among other products, places a high price tag on a traditionally risky product.
February 21 -
The bank could announce as early as Friday a deal on charges it wronged customers; the acquisition allows Morgan Stanley to compete in retail banking.
February 21 -
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




















