Tag: Financial Services/Finserv
California’s CBC Bancorp to acquire Bay Community Bancorp for $122m
Acquisition Announcement: CBC Bancorp is set to acquire Bay Community Bancorp in an all-cash deal valued at $14 per common share, totaling approximately...
Stanbic Bank Kenya set for Temenos core banking upgrade with Orion Innovation
Company: Stanbic Bank Kenya, part of South Africa’s Standard Bank Group.
Project: Upgrading its Temenos core banking system.
Partner: Orion Innovation, Temenos’ regional...
Stephen Bird to exit Abrdn after four years as group CEO
Company: Abrdn, UK asset management firm.
CEO Departure: Stephen Bird is stepping down as group CEO after four years.
Announcement: Made following strategic...
Former Stripe exec Gang Wang joins Nuvei as CTO
Company: Nuvei, a Canadian payments processor.
New Hire: Gang Wang, former head of payment methods at Stripe, was appointed as CTO.
Previous CTO:...
Climate fintech start-up Cloover secures $114m in seed funding round
Company: Cloover, a Berlin-based climate fintech.
Funding: Raised $114 million in seed funding (combination of debt and equity).
Investors:Led by Lowercarbon Capital.
...
ABN Amro acquires Germany’s Hauck Aufhäuser Lampe in €672m deal
Acquisition Details:Price: €672 million
Seller: Fosun International
Buyer: ABN Amro, one of the Netherlands’ largest banksStrategic Goals and Impact:Combination with...