All articles by Swagath Bandhakavi
Swagath Bandhakavi
JPMorgan to settle 1MDB allegations with $330m payment
The Malaysian government sued JPMorgan’s Swiss branch, accusing it of aiding the $800m diversion from 1MDB to a fraudulent JV.
Commerce Bancshares gets regulatory nod for $585m FineMark acquisition
The merger has received approval from both the Federal Reserve Bank of Kansas City and the Missouri Division of Finance.
Fifth Third acquires DTS Connex to boost cash management solutions
The acquisition aims to boost Fifth Third’s Commercial Payments by enhancing its cash logistics, infrastructure, and risk management capabilities.
TowneBank to acquire Dogwood State Bank in $476m deal
The acquisition aims to expand TowneBank’s footprint along Interstate 85, boosting its presence in North Carolina and South Carolina.
Worldpay partners with Trulioo to enhance AI-driven commerce security
The partnership addresses the demand for verifying AI agent identities and securing clear consumer consent in digital shopping.
Nedbank to acquire South African fintech firm iKhokha for $94m
Nedbank aims to boost its SME market presence through enhanced digital and inclusive financial services with the acquisition.
Payoneer adopts Citi’s blockchain for global fund transfers
The partnership leverages Citi’s blockchain technology for seamless fund transfers, reducing reliance on traditional banking and associated delays.
First Financial to acquire Chicago-based BankFinancial for $142m
First Financial intends to expand its Chicagoland commercial banking presence by integrating BankFinancial’s network of 18 financial centres.
Monroe Capital and Horizon Technology to merge into single public entity
As a result of this transaction, Horizon Technology Finance will remain as the listed entity on NASDAQ.
Manulife to acquire 75% stake in Comvest Credit Partners for $937.5m
Comvest Credit Partners provides financing to middle-market companies, offering credit solutions including senior secured and unitranche loans.