All articles by Swagath Bandhakavi
Swagath Bandhakavi
Canada’s TD Bank to reduce workforce by 2% in cost-cutting initiative
The Canadian bank, with a workforce of approximately 100,000, expects to face restructuring charges ranging from C$600m ($434m) to C$700m ($506m) in the coming quarters
BancFirst to acquire American Bank of Oklahoma
American Bank of Oklahoma oversees approximately $385m in assets, with loans amounting to $280m and deposits totalling $320m
WesBanco expands regional presence with conversion of Premier Financial
With the completion of the conversion, WesBanco now has more than 250 financial centres, as well as loan production offices, across nine states
Hometown Financial Group to acquire Massachusetts-based CFSB Bancorp
Colonial Federal Savings Bank will merge with North Shore Bank through this acquisition, creating a $3.3bn entity with 29 branches across Massachusetts and southern New Hampshire
PNC Bank agrees to acquire Aqueduct Capital Group to complement Harris Williams capabilities
Transaction furthers collective value proposition in primary fund placement
Capital Bank introduces new digital platform with Q2 partnership
The platform equips the bank with advanced digital treasury management tools, enabling expansion into new markets and the attraction of a broader customer base
Simon Quick Advisors announces expansion of footprint into Texas
Simon Quick’s Dallas expansion enhances its ability to serve business owners, executives, and families with personalized planning and investment advice, and now, specialized exit planning guidance
Seacoast secures regulatory approvals for Heartland acquisition
The acquisition is slated for completion by 11 July 2025, pending shareholder approvals, following receipt of all regulatory clearances
Neuberger Berman and PIF collaborate for $6bn investment programme to boost regional capital markets
Neuberger Berman is currently seeking to obtain the necessary licenses
Bank of America unveils plans to establish 150 financial centres by 2027
Since 2016, the bank has invested over $5bn in opening new financial centres and refurbishing existing ones