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Mergers & Acquisitions

The Final SOP supersedes the existing Statement of Policy, which was last updated in 2008
There has been an average of 1,646 branch closures each year
The bank will potentially combine its commercial and investment bank arms
UAE-based open banking platform has also acquired a London fintech
The potential sale forms part of the bank’s increased focus on Asian markets
The $2.8 billion deal is expected to be completed in early 2025
The Guidance was developed jointly with the Federal Deposit Insurance Corporation
Collaboration integrates a loan payment solution by Alacriti into AKUVO’s collections platform
UBP to acquire around €25 billion in assets
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