All articles by Refna Tharayil
Refna Tharayil
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
Axway to acquire Sopra Banking Software’s operations in €330m deal
The merger is expected to create a new major company in enterprise software markets and financial services
UBS completes merger of UBS AG and Credit Suisse
The merger facilitates the migration of clients and operations from Credit Suisse to integrated UBS platforms over time, following business, client- and product-specific requirements
NatWest to buy back £1.24bn worth shares from UK’s HM Treasury
Under the off-market purchase, the British banking and insurance holding company will buy back 392 million ordinary shares with a nominal value of £1.07 each from the government at a price of 316.2p per share