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FDIC, OCC, and DOJ Update Guidance on Bank Merger Evaluations

JD Supra: Mergers

Last week, each of the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), and the Department of Justice Antitrust Division (DOJ) revised how they will review bank mergers. Our Financial Services and Antitrust teams highlight what banks considering mergers should know about the changes.

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Europe’s banks restructure, consolidate and partner their way into the digital future

JD Supra: Mergers

Governments play a pivotal role in European bank M&A: State coffers play significant roles. . - “Challenger” bank M&A catches fire: The UK grabs headlines with Coventry Building Society’s and Nationwide Building Society’s respective acquisitions of The Co‑operative Bank and Virgin Money. By: White & Case LLP

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From Compliance to Resilience: Adapting to DORA in Financial Services

Global Banking & Finance

Author: Shilpa Doreswamy, Sector Director of Retail Banking, GFT The financial services industry is increasingly grappling with the critical issue of downtime. In today’s digital age, even a brief outage can have severe repercussions, costing banks almost $5 million an hour, discounting any penalties and fees.

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Nigerian digital bank FairMoney in talks to buy Umba in $20M all-stock deal, sources say

TechCrunch: M&A

FairMoney, a digital bank based in Lagos and headquartered in Paris, is in discussions to acquire Umba, a credit-led digital bank providing payroll and financial services to customers in Nigeria and Kenya, in a $20 million all-stock deal, sources tell TechCrunch.

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Addressing the Digital Divide in Access to Banking and Financial Services

Global Banking & Finance

Addressing the Digital Divide in Access to Banking and Financial Services Introduction In today’s digital age, access to banking and financial services is more important than ever. However, not everyone has equal access to these services, leading to a digital divide.

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What lies ahead for the financial services industry?

Global Banking & Finance

What lies ahead for the financial services industry? Garry Robertson, Client Lead for Financial Services at esynergy In the last two decades, the financial sector has changed completely. Banks have shifted to online services and customers now use apps much more than brick-and-mortar branches.

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How to Implement Unified High Availability (HA) and Disaster Recovery (DR) for SQL Server in Financial Services

Global Banking & Finance

By Don Boxley, CEO and Co-Founder, DH2i The financial services sector, including banking, mortgages, credit cards, payment services, tax preparation and planning, accounting, and investing, is one of the world’s most important and influential sectors. Here, assuring reputation and trust are a must.