The First Bank’s Post

#Investmentbanking_6 The Merger That Never Was! The GTB and UTI Bank merger story shows the importance of ethical practices and strong regulation in the financial sector. ✔ #SWAP:- A swap ratio is a rate at which an acquiring company's shares are exchanged for the target company's shares during a merger or acquisition. #FinancialIntegrity #CorporateGovernance #MarketRegulation Thank you Parth Verma Sir!

BBVA has the wherewithal to make its attempted hostile takeover of smaller rival Sabadell work, but the risks highlight why such mergers are rare in banking. Two of our analysts discuss the pros and cons. Find out more at https://lnkd.in/eY4jaMsy

The recommended merger between abrdn Property Income Trust and Custodian Property Income REIT plc has been terminated as the number of API shareholders voting in favour of the merger came in below the minimum threshold needed. Read more on Property Week https://lnkd.in/eUeuZ_bz

Banking Recapitalization Series: Is your bank or banking client a public company in Nigeria? The Securities and Exchange Commission, Nigeria has published a framework to guide Banks/Holding Companies and market participants in navigating capital raising, mergers and acquisitions, and other affected transactions through the Capital Market. #recapitalization #bankingrecapitalization #legalcompliance

Did you know that on July 26, 2024, the Corporate Affairs Commission issued new guidelines for the recapitalisation of Nigerian banks and other financial institutions? These Guidelines, aligned with the Central Bank of Nigeria's review, aim to streamline processes for new incorporations, share capital increases, mergers, and license upgrades or downgrades. They also aim to streamline the recapitalisation process and reduce discrepancies and operational inefficiencies. Watch the video and contact bankrecapitalization@cac.gov.ng for more information on the Guidelines and recapitalisation application. #strenandblanpartners #commerciallawfirm #centralbankofnigeria #corporateaffairscommission

How the merger of Providus-Unity Bank will affect you as a customer Many of Providus Bank and Unity Bank customers are curious about what could actually happen to their asset after success of the merger. "I read on your website that the CBN has approved the merger of Providus Bank and Unity Bank into one. I have a bank account with one of these banks; how will this affect me as a customer?" A curious Nigerian asked. Gilbert Ayoola, a lead adviser, capital market advocacy educator, and general secretary of the Ibadan Zone Shareholders' Association, has offered clarification on the matter. Here's everything he said about impact of the merger on customers: https://lnkd.in/dwfRGukp

Missed the Oliver Wyman bank-fintech M&A report? 👀 👇 We explore why there have been so few deals over the trailing 10 years and what might unlock more velocity for both banks and fintechs. Hear more of our views about bank-fintech M&A on the latest Breaking Banks Fintech Podcast: https://t.ly/s6BRY

Under the scheme, the agreed swap ratio for the transaction is 2.16:1, where for every one share of IMS, EFG will issue 2.16 shares to IMS shareholders. The assessment confirmed that post-transaction, the merger will result in a slight increase in EFG’s market share, without leading to dominance in the brokerage market. Read: https://lnkd.in/dq7jmKrV

One would expect the merger arbitrage spread for #capitalone and #discover to be wider than the "typical" bank merger arb spread of 4-7% when closing is relatively certain within 6-9 months. The discount will narrow toward zero as closing approaches or widen when investors increasingly doubt closing will occur (all else equal) as occurred with the terminated TD-FHN deal. As of 3/11 DFS was trading at a ~14% discount to the deal price (or alternatively COF x the 1.0192 ER equated to a ~16% premium), which is not surprising given the politically sensitive nature of the proposed merger and the vocal opposition of Sen. Warren among others. #mergersandacquisitions #financialservices #cof #dfs #federalreserve #tdbank #firsthorizon #mercercapital

What happens when banks and fintechs come together? In our latest report, we offer a fresh perspective on the last decade of bank-fintech mergers and acquisitions, challenging conventional wisdom and emphasizing the importance of synergies in achieving successful combinations. Read the full report > https://owy.mn/4bBEJVz #banking #fintech #FinancialServices