All articles by Swagath Bandhakavi
Swagath Bandhakavi
Atlantic Union Bankshares wraps up $1.3bn Sandy Spring Bancorp acquisition
Originally announced in October 2024, the merger establishes Atlantic Union Bankshares as the largest regional bank based in the lower Mid-Atlantic region
CardWorks closes acquisition of Ally’s credit card portfolio and platform
Acquisition enhances CardWorks’ position as leading credit card issuer and servicer
FB Financial to acquire Southern States Bancshares in $381m deal
Southern States Bancshares’ core markets, including Atlanta, Auburn-Opelika, Birmingham, Columbus, and Huntsville, align with FB Financial’s strategic growth areas
Mechanics Bank and HomeStreet announce strategic merger
Combination will create the premier, publicly-traded West Coast bank
Robinhood unveils new advisory, banking, and AI products and services
These initiatives aim to broaden access to financial tools that were once exclusive to high-net-worth individuals
Yiren Digital partners with klikUMKM to deliver AI-driven financial solutions across Indonesia
Under the collaboration, Yiren Digital will integrate its AI-driven capabilities and proprietary technologies into the JV’s operations
Mercury reaches $3.5bn valuation with $300m Series C funding round
The funding round saw new investor Sequoia Capital take the lead, joined by Spark Capital and Marathon, with continued support from existing investors including Coatue, CRV, and Andreessen Horowitz
Rain raises $24.5m to enhance stablecoin card issuance
Rain’s infrastructure is said to enable seamless integration of stablecoins with fiat systems, allowing businesses to issue both physical and virtual cards for B2B and consumer use
CIBC becomes first major Canadian bank to sign federal generative AI code of conduct
This initiative highlights CIBC’s dedication to fostering ethical AI practices and promoting responsible innovation within the financial sector
JLL to acquire investment banking firm Javelin Capital
Through the acquisition, JLL aims to expand its energy and infrastructure capital markets expertise in the US