Financing

Hellenic Bank signs agreement to acquire CNP Cyprus

Cypriot lender Hellenic Bank has signed an agreement to acquire insurance provider CNP Cyprus, according to an announcement made by the bank. The announcement stated that the consultation between CNP Assurances and its European Works Council has been completed, paving...

Thailand to launch $12.4 billion digital cash scheme to boost local economy

Thailand is set to roll out what was initially a controversial $13.8 billion digital cash handout program to stimulate its sluggish economy. Prime Minister Srettha Thavisin announced that eligible businesses and individuals could register for the program, dubbed the...

Hero.io Acquires Cryptopay to Enhance Integrated AI and DeFi Tools Ecosystem

Hero.io, an innovative AI-powered platform for crypto decision-making, has announced the acquisition of Cryptopay, a crypto payment and wallet service provider. This strategic acquisition brings Hero.io one step closer to becoming a super app, integrating advanced AI search capabilities with a...

Californias CBC Bancorp to acquire Bay Community Bancorp for $122m

CBC Bancorp, the Irvine, California-headquartered holding company for Commercial Bank of California (CBC), has reached an agreement to acquire Bay Community Bancorp, the holding company for Oakland-based Community Bank of the Bay (CBB). The transaction will see CBC Bancorp purchase...

Coventry Building Society offers to acquire Co-operative Bank for £780m

Coventry Building Society, a financial institution based in England, has offered to acquire British banking company Co-operative Bank in an all-cash deal worth £780m. In this context, the boards of the two entities have agreed to non-binding heads of terms...

Betterment to acquire Marcus Invests digital investing accounts from Goldman Sachs

Betterment, the largest independent digital investment advisor in the United States, today announced that it has reached an agreement with Goldman Sachs to acquire Marcus Invest's digital investing accounts. Marcus Invest, which offers digitally customized investment portfolios to consumers, will...

Launch of the Northern Powerhouse Investment Fund II provides £660m boost for small businesses

The British Business Bank has launched its new Northern Powerhouse Investment Fund II, a £660m fund set to cover the entire North of England. The Northern Powerhouse Investment Fund II (NPIF II), aims to build on the success of the...

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