Banking Deals and Investments
Banking Deals and Investments
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Sallie Mae Bank's Smart Option student loan program has securitized $618 million of private student loans into three tranches of asset‑backed securities under the SMB 2026‑A trust. The issuance, managed by Bank of America Merrill Lynch, Barclays, Goldman Sachs, JP Morgan Securities and RBC Capital Markets, received AAA/Aaa ratings and will mature on December 15, 2053.
Beast Industries announced the acquisition of Step, a banking app for teenagers and young adults with over seven million users. The deal, disclosed on March 3, 2026, positions the company to offer a suite of financial services, including spending, savings,...
Advent, a private equity firm with €85bn in assets under management, has completed its acquisition of tbi bank, a mobile‑first challenger bank operating in Bulgaria, Romania and Greece. The deal expands Advent’s footprint in Central and Eastern Europe and will...
FS Bancorp, the holding company for 1st Security Bank, announced on Thursday its acquisition of Pacific West Bank for $34.6 million in cash and stock, giving the firm its first presence in Portland. The deal, expected to close in Q3 2026,...
National Asset Reconstruction Company Ltd (NARCL) has emerged as the anchor bidder for the stressed debt of BLA Power, offering ₹285 crore under a Swiss Challenge auction. The bid represents a 38.6% recovery of the ₹738.18 crore outstanding debt, with...
Bank of America announced a $25bn commitment to expand its private credit lending activities, aiming to capture more opportunities in the sector as concerns rise about its health. The move follows similar initiatives by other Wall Street institutions.
The Access Bank UK announced it will acquire Zempler Bank, an SME-focused lender. The transaction has received regulatory approval and is expected to close in the coming weeks.
Gulf Development Plc increased its shareholding in Kasikornbank to 10.03% after acquiring additional shares on Feb 12, 2026, as disclosed in a filing on Feb 16. The stake remains below Thailand's 10% regulatory threshold, avoiding central bank approval, and is...
