Israel’s Mizrahi-Tefahot Bank to buy Union Bank for $400m
Mizrahi-Tefahot Bank, Israel's third largest bank by assets, has agreed to acquire smaller rival Union Bank of Israel in all-share…
Month: November 2017
Australia launches public inquiry into financial firms’ misconduct
The government of Australia has announced plans to set up a Royal Commission to examine the conduct of the financial…
Bank of East Asia to divest $138m consumer finance assets
Bank of East Asia (BEA) has agreed to offload consumer finance businesses in China and Hong Kong to China Financial…
Byline Bancorp to buy First Evanston Bancorp for $169m
Illinois-based Byline Bancorp has agreed to acquire local lender First Evanston Bancorp, the parent of First Bank & Trust, in…
Lloyds Bank to shut down 49 branches next year
Britain’s Lloyds Banking Group is shutting down 49 branch offices next year as increasingly large number of customers are shunning…
Nordea invests in Stockholm-based fintech Betalo
Nordea is investing in payments start-up Betalo. Betalo is raising SEK 45m ($5.4m) to accelerate its growth and accelerate the…
ByScotiabank makes $2.2bn offer for stake in BBVA Chile
Canadian lender Scotiabank has made a $2.2bn offer to acuire a 68.19% stake in BBVA Chile. BBVA Chile has 127…
ICBA files lawsuit against Equifax over massive data breach
The Independent Community Bankers of America (ICBA) has filed a lawsuit against Equifax for its recent breach of 145.5 million…