Like it or not, COVID-19 has had an economic downturn leaving many mergers and acquisitions (M&A) in a state of uncertainty
Specialist financial services investor FJ Capital says the economic recovery and ultra-low interest rates make for ideal merger and acquisition conditions
“We are exiting them because they are not core to serving our core customer base on the consumer and large corporate side. We are not exiting them because of the asset cap.”
US customers are happy with their banks’ performance through the pandemic, despite just 36% being aware of support services
The ‘Bank On’ initiative is being flagged as a key solution for underbanked and unbanked individuals and communities across the US
This offers some relief to PPP borrowers seeking to transfer some or all of their businesses through an equity or asset sale
Deal to create top-20 US bank is scheduled to complete in the first half of 2021
An $85 million penalty against USAA follows similar actions against Citibank and Morgan Stanley
The rules governing bank mergers and acquisitions have not been updated since 1995
The nation’s largest bank by assets beat gross and net earnings forecasts
