All articles by Vidya Sagar Maddela
Vidya Sagar Maddela
Dakota Wealth Management acquires Lokken Investment Group
The transaction will add Lokken’s $455m in managed assets to Dakota, increasing its assets under management to nearly $7.5bn.
Merit acquires Mennenga to expand in Wisconsin, US
The transaction is expected to add $715m in assets to Merit and extend its client service capabilities in Wisconsin.
PNC Bank to open more than 300 new branches by 2030
PNC’s expansion plan includes opening new branches in Nashville, Chicago, Sarasota, and Winston-Salem markets.
TPG makes $1.16bn bid for Nexi’s digital banking solutions unit
Nexi has until mid-December to determine whether to proceed with the transaction, which was notified to its board earlier this week.
Revolut plans new Stockholm branch to compete with Klarna
The UK-based digital bank aims to increase its Nordic customer base from two million to three million by the end of next year.
SBI and Amundi to sell 10% SBI Funds Management in IPO
SBI, which currently holds 61.9% of the asset manager, will offload 6.3% of its stake, while Amundi, which owns 36.4%, will sell 3.7%.
Lloyds Banking to launch AI-powered financial assistant in 2026
Lloyds is currently testing the AI assistant with around 7,000 employees, who have conducted 12,000 trials of the system.
Charles Schwab to acquire Forge Global in $660m deal
Forge operates a private market platform that has facilitated more than $17bn in private company share transactions.
Emirates NBD to launch open offer for RBL Bank next month
Emirates NBD will tender up to 415,586,443 equity shares, representing a 26% stake in the bank from public shareholders.
United Fintech acquires digital transformation provider Trade Ledger
United Fintech now gets the full ownership of Trade Ledger and will add the company to its commercial banking division.