Iute Group to enter Ukraine with bridge bank banking licence
Iute Group, the Estonia-based digital-first banking group, has revealed plans to acquire a banking licence held by a bridge bank in Ukraine. It also involves…
07 Jan 2026
Shareholders approve $7.4bn Huntington-Cadence merger
Huntington Bancshares and Cadence Bank has secured approval from shareholders for their proposed merger. Votes were cast at separate special meetings, with Cadence shareholders backing its merger into The Huntington National Bank and Huntington shareholders endorsing the share issuance necessary…
06 Jan 2026
PNC completes $4.1bn purchase of FirstBank
PNC Financial Services Group has concluded the acquisition of FirstBank Holding Company and its banking subsidiary, FirstBank, after receiving all regulatory clearances and meeting closing requirements. The deal, agreed in September last year, set the acquisition’s value at $4.1bn, including the…
06 Jan 2026
IBM powers digital upgrade for Egypt’s Bank NXT
Egypt’s Bank NXT has deployed IBM software tools in collaboration with IT consultancy Inspire for Solutions Development to modernise its digital banking infrastructure. These software tools are IBM Instana, IBM Turbonomic, and IBM Cloud Pak. Their adoption aims to establish a foundation for “real-time” observability, automated optimisation of IT…
05 Jan 2026
Synovus and Pinnacle finalise $8.6bn merger
Georgia’s Synovus Financial has completed its merger with Tennessee-based Pinnacle Financial Partners, in an all-stock deal valued at $8.6bn. The transaction was announced in July. At the time, Synovus said…
05 Jan 2026
Knight FinTech raises $23.6m in Accel-led Series A round
India-based Knight FinTech, a technology provider to banks and financial institutions, has raised $23.6m in a Series A funding round led by Accel. The round included participation from IIFL and…
02 Jan 2026
First Financial finalises all-stock acquisition of BankFinancial
First Financial has finalised its previously announced acquisition of Chicago-based BankFinancial through an all-stock transaction, marking its entry into the Chicago retail consumer banking market. The Chicago retail banking acquisition…