Consolidation in the U.S. banking sector is expected to be limited in the near future due to high interest rates and regulatory pressures, according to Citizens Financial Group CEO Bruce Van Saun. The current high interest rates make it difficult for banks to make profitable acquisitions, Van Saun...
There was no shortage of news in payments and commerce this week, but perhaps the biggest news that didn’t make a headline was that this week marks the first full business week of a second half to what’s already been an incredible year. Jim Robinson,...
Call it a real-life version of Pac-Man. Word emerged on Monday (July 6) that Uber is buying Postmates for nearly $2.7 billion in stock – the latest acquisition on a journey that looks to see who will get the biggest the fastest in the food delivery world....
The COVID-19 pandemic isn’t enough to stop cross-border dealmaking – specifically in the food delivery services space, where critical mass is of critical importance. Consider the news that European food delivery service Just Eat Takeaway has struck a $7.3 billion deal to acquire U.S. food delivery...
October 31, 2019
Just a few weeks left in 2019, and it will go down in history as the year of the payments mega-merger. The headlines were full of deals worth tens of billions of dollars, where consolidation has brought on a range of transaction-related services under the umbrella of large firms — now suddenly becoming larger. For […]
January 18, 2024
The head of Deutsche Bank says merging with Commerzbank is not a priority. In an interview with CNBC Thursday (Jan. 18), Deutsche Bank CEO Christian Sewing seemed to quash recent — and unconfirmed — reports that his company was in talks to merge with fellow German financial institution Commerzbank. “I wouldn’t say it’s on top of my priority, to be […]
September 06, 2023
Consolidation in the U.S. banking sector is expected to be limited in the near future due to high interest rates and regulatory pressures, according to Citizens Financial Group CEO Bruce Van Saun. The...
July 06, 2020
Call it a real-life version of Pac-Man. Word emerged on Monday (July 6) that Uber is buying Postmates for nearly $2.7 billion in stock – the latest acquisition on a journey that...
February 25, 2020
With the $357 million sale of its joint venture portion to China Resources Holdings (CRH), a state-run partner, Tesco has finished its exit from China. The U.K. grocer had created...
