Topic: Bank M&A

Brisbane-based insurer Suncorp Group has agreed to sell its banking arm to Australia’s second-largest bank ANZ, with HSF and Ashurst advising.

20 July 2022

The US Federal Deposit Insurance Corporation does have the power to block improper “golden parachutes” even where the payment amount is unknown, a US appeals court has ruled, overturning a lower court ruling.

07 July 2022

The United States’ Office of the Comptroller of the Currency will review its approach to bank mergers, its acting head has said, giving his ideas on what such a review may look like after President Joe Biden’s order to regulators to prioritise a bank merger policy change.

11 May 2022

The bank merger framework in the United States is under the microscope for the first time in years, after President Biden announced an executive order that could have a lasting effect on how banks conduct business. But what would overhauling the merger framework actually look like?

19 April 2022

GBRR looks at the last three years of mergers that have produced banks with over US$100 billion in total assets – and the law firms which acted on them.

19 April 2022

French bank Société Générale will sell its banking activities in Russia back to Interros, a holding company controlled by Russian billionaire Vladimir Potanin, the latest in a stream of international banks to exit the country.

14 April 2022

Spurred by heightened regulatory standards on non-banks, India’s largest bank is set to undertake a US$60 billion merger with its housing finance parent company, advised by Indian firms AZB, Argus Partners, Singhi & Co, and Wadia Ghandy & Co, along with international firm Cravath Swaine & Moore.

07 April 2022

The US securities regulator is set to apply heavier disclosure restrictions to special purpose acquisition companies, issuing a clutch of measures that a dissenting commissioner has warned will reduce SPAC transactions to just another form of IPO.

31 March 2022

The United States’ Federal Deposit Insurance Corporation (FDIC) has formally submitted its long-anticipated bank merger policy proposal, months after it sparked controversy and division within the agency.

29 March 2022

Cyprus-based RCB, until recently part-owned by Russia’s VTB, is planning to wind down its operations, the first European bank with Russian links to make the voluntary move since Russia’s invasion of Ukraine.

24 March 2022