Browsing: deal

Key insight: Santander’s pending acquisition of Webster Financial checks several boxes for the Spanish bank, which has been seeking greater scale and profitability in the U.S.Expert…

Key insight: Banco Santander announced Tuesday that it’s buying Connecticut-based Webster Financial in a cash-and-stock transaction valued at $12.3 billion. What’s at stake: Santander, which has been…

Key insight: The merged bank will hold the No. 1 deposit share in Beaumont, home to a bustling port and some of the nation’s largest oil…

Key insight: Judge rejects HoldCo’s attempts to block Fifth Third’s planned acquisition of Comerica on Feb. 1.What’s at stake: The legal battle was the last potential…

Key insight: First Citizens made its first payment on a $35 billion debt to the FDIC connected with its Silicon Valley Bank acquisition in 2023.Expert quote:…

Brex co-founders Pedro Franceschi and Henrique Dubugras.BrexCapital One said Thursday that it was acquiring payments startup Brex for $5.15 billion, the latest splashy deal undertaken by…

Key insight: Capital One will expand its business payments capabilities by acquiring Brex for $5.15 billion in cash and stock.What’s at stake: Brex offers corporate card services,…

Apple CEO Tim Cook introduces Apple Card during a launch event at Apple headquarters on March 25, 2019, in Cupertino, California.Noah Berger | AFP | Getty…

Key insight: Commerce Bancshares, the Kansas City, Missouri-based parent company of Commerce Bank, sees its first bank M&A deal in more than a decade as an…

By Ian Bickis The firm said Monday that it and Crestpoint will also form a joint venture partnership that will hold the apartment REIT’s assets and…