Financing

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, 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, 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...

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...

Shaping Wealth, a company specializing in behavioral finance training and helping advisors understand the psychology of financial planning, has created an artificial intelligence-powered assistant to help advisors understand the emotional needs of their clients. The company developed Lydia, the...

Omnichannel InsurTech Qoala announced the completion of its Series C funding round, raising USD 47 million led by PayPal Ventures and MassMutual Ventures. The round was joined by MUFG Innovation Partners, Ohana Holdings and existing investors, Flourish Ventures, Eurazeo...

Visa, a global leader in digital payments, and Taulia, an SAP company, and a leading provider of working capital management solutions, have announced a new partnership to make embedded finance accessible to businesses worldwide. The collaboration will incorporate Visa’s...