Topic: Bank M&A

Sullivan & Cromwell and Simpson Thacher advising on first Biden-era bank merger

New York-based M&T Bank has agreed to acquire People’s United in a US$7.6 billion deal – the first bank merger agreed since the Biden administration took office.

24 February 2021

Darrois Villey advising as BPCE seeks Natixis squeeze-out

French bank BPCE has filed with French regulators to take total control of its investment banking subsidiary Natixis.

10 February 2021

Baker McKenzie advising on three-way shariah bank merger

The three Islamic finance subsidiaries of Indonesia’s largest state-owned banks have merged to create Indonesia’s largest shariah financial institution.

02 February 2021

Lebanese banks sell Egyptian units amid capital requirements push

Freshfields, Baker McKenzie and Dechert are among the firms instructed in a pair of bank acquisition deals prompted by increased capital requirements from Lebanon’s central bank, with local banks Audi and Blom agreeing to sell off their Egyptian units.

25 January 2021

ECB consolidation guidelines overlook its own approval process

The European Central Bank’s supervisory guidance to facilitate bank consolidations in the EU has been labelled “a major disappointment”, for the absence of measures to address its own merger approval process.

13 January 2021

Crédit Agricole sells Romanian unit, with Clifford Chance advising

Clifford Chance is advising Crédit Agricole as it sells its Romanian business to Greek-owned bank Vista.

13 January 2021

Bangkok Bank integrates Indonesian branches after Permata M&A, with White & Case and Baker McKenzie advising

White & Case client Bangkok Bank has integrated its Indonesian branch business with local merger partner Bank Permata, following the first such transaction to get the green light under Indonesia's new M&A rules.

05 January 2021

Hong Kong regulator seeks to remedy “deteriorating” merger advice

Hong Kong’s securities watchdog has said it will raise the requirements for individuals advising on mergers and takeovers, after a rise in “unsatisfactory” work in recent years.

14 December 2020

DBS India absorbs Lakshmi Vilas as court rejects shareholder stay plea

The Reserve Bank of India has completed its plan to fold crisis-hit lender Lakshmi Vilas into Singapore’s DBS, after courts in Mumbai and Chennai rejected shareholder pleas to stay the US$335 million merger.

30 November 2020

What will Biden’s presidency mean for banking regulation?

Joe Biden has defeated Donald Trump to become the United States’ next president – triggering an overhaul of the federal government and its regulatory agencies. What can banking regulation practitioners around the world expect from the new administration?

19 November 2020

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