Banking giant HSBC is reportedly considering a merger of its commercial and investment bank operations. The plan is part of new CEO Georges Elhedery’s effort to eliminate overlapping roles across the company and reduce expenses, Bloomberg reported Monday (Sept. 9), citing unnamed sources. The merger...
New Mountain Capital is reportedly combining three HealthTech firms in a $3 billion deal. The merger is designed to employ artificial intelligence (AI) to help improve payments from health plans to providers, Bloomberg reported Thursday (Sept. 5). According to the report, the deal will bring...
Capital One Announces $265 Billion Community Benefits Plan Capital One said Tuesday (July 16) that a combination of the bank with Discover Financial Services would provide more benefits to underserved communities than the organizations would offer separately. The bank said this in a press release announcing a...
Cohesity and Veritas have announced their definitive agreement to combine Cohesity with Veritas’ data protection businesses, forming a new company offering artificial intelligence (AI)-powered data security and management. The remaining assets of Veritas, including its InfoScale, Data Compliance and Backup Exec businesses, will form a separate company called DataCo, the companies said in...
September 20, 2022
A judicial green light, of sorts, for a multi-billion dollar merger looks poised to cement healthcare’s place in the connected economy — especially when it comes to paying for it all. To that end, the runway has (seemingly) been cleared for UnitedHealth Group’s $13 billion bid for Change Healthcare to proceed. As was reported Monday […]
February 21, 2020
That there was a lot of action and motion in the payments and commerce ocean this week is not much of a surprise, as that describes pretty much every week...
May 01, 2019
The path to the payments deal started about three or four years ago when Adam Bloomston, CEO of Payscape, and Thomas Nitopi, CEO and founder of NXGEN, first met. As...
April 30, 2018
Portmanteau: /noun/ A word that blends the sounds and meanings of two other words, such as “motel” (motor and hotel), “brunch” (breakfast and lunch) or “Finabler” (financial enabler). That last...
September 30, 2024
Digital Federal Credit Union and First Tech Federal Credit Union have announced plans to merge, the credit unions said in a Monday (Sept. 30) news release. If the merger is approved by the National Credit Union Administration and First Tech’s membership, the new credit union will be worth $28.7 billion and have nearly 2 million […]
September 09, 2024
Banking giant HSBC is reportedly considering a merger of its commercial and investment bank operations. The plan is part of new CEO Georges Elhedery’s effort to eliminate overlapping roles across...
September 05, 2024
New Mountain Capital is reportedly combining three HealthTech firms in a $3 billion deal. The merger is designed to employ artificial intelligence (AI) to help improve payments from health plans...
July 17, 2024
Capital One Announces $265 Billion Community Benefits Plan Capital One said Tuesday (July 16) that a combination of the bank with Discover Financial Services would provide more benefits to underserved communities...
