All articles by Refna Tharayil
Refna Tharayil
National Bank of Canada to acquire Canadian Western Bank in $3.6bn deal
Under the terms of the definitive agreement, each share of Canadian Western Bank, excluding those held by National Bank of Canada, will be exchanged for 0.45 of a common share of the latter
Marsh McLennan’s Mercer to acquire Cardano
Founded in 2000, Cardano is a long-term savings specialist in the UK and the Netherlands, with approximately $66 billion in assets under management
Citi wraps up sale of onshore consumer wealth portfolio in China to HSBC
The American company has also completed the full migration of its onshore consumer wealth portfolio in the East Asian country to HSBC Bank China, including the transfer of over 300 employees
NatWest launches Cora+ latest generative AI upgrade to bank’s digital assistant
NatWest is to introduce the new version of Cora during London Tech Week and will be one the first banks in the UK to deploy generative AI through a digital assistant
Crédit Agricole divests remaining 15% stake in Crédit du Maroc to Holmarcom
The transaction is a continuation of the agreement disclosed in April 2022 to sell the entire interest of the French banking group in Crédit du Maroc to Holmarcom
Versabank receives first of two US approvals for US Bank acquisition
Should VersaBank receive a favourable decision from the OCC, it will immediately seek approval of the Stearns Holdingford Acquisition from its Canadian regulator, the Office of the Superintendent of Financial Institutions (OSFI)
Piper Sandler to buy alternative investment bank Aviditi Advisors
Established in 2020, Aviditi Advisors offers full lifecycle services to financial sponsors, global alternative investment managers, and limited partner investors
Hibret Bank and Mastercard launch prepaid card services in Ethiopia
The prepaid Hibir Mastercard offers a dual-interface feature supporting contact and contactless transactions
Eurobank acquires additional 26.1% stake in Hellenic Bank for €276m
Under the terms of the transaction, the shareholders of the Cyprus-based banking company received €2.56 per share for the additional 107.7 million shares purchased by Eurobank
ELGA Credit Union to acquire Marine Bank & Trust
Subject to the terms of the agreement, shareholders of Marine Bank will receive $43.75 in cash for each share owned