In a significant move within the financial sector, Flagstar Bank, N.A., a subsidiary of Flagstar Financial, Inc. (NYSE: FLG), has finalized the sale of its residential mortgage servicing and third-party origination business to Mr. Cooper Group Inc. for approximately $1.3 billion in cash. This transaction is poised to enhance Flagstar’s Common Equity Tier 1 (CET1) […]
UBS Group AG has officially announced the completion of its merger with Credit Suisse AG, marking a significant consolidation in the global banking sector. This strategic move was finalized within the anticipated timeline, thanks to robust support from global regulators. Merger Details and Implications As of today, Credit Suisse AG has been deregistered from the […]
In a significant move within the UK banking sector, Coventry Building Society (CBS) has announced its acquisition of Co-operative Bank for a total of £780 million in an all-cash transaction. This strategic purchase includes major shareholders who collectively hold nearly 88% of the A shares and 100% of the B shares of the London Stock […]
In a significant move that reshapes the banking landscape of the mid-Atlantic region, Atlantic Union Bankshares Corporation has officially completed its merger with American National Bankshares Inc. The deal, which closed on April 1, 2024, was previously announced and has been keenly watched by industry insiders. This merger marks a pivotal step for Atlantic Union, […]