The five largest bank M&A deals of the past year had an average deal value of more than $1.2 billion. The largest deal was the SouthState Bank purchase of Independent Bank at $2.02 billion.
Scroll through to learn more about 20 largest U.S. bank M&A deals of the past year.
Source: S&P Global
The Dallas company, which has been in transformation mode for three years, recently took a series of actions to try to meet the profitability targets it set for itself.
Morgan Stanley will have to pay $2 million for failing to flag trading in First Republic Bank by its former CEO. The transactions happened in the lead-up to the regional bank's collapse.
A company spokesperson said the company reviews fraud-related issues and refers them to law enforcement "as appropriate."
The payment company is enabling consumers to stack multiple cash-back offers as a way to lure consumers to its alternative digital wallet.
It's the latest proposal for a type of national infrastructure financing structure in lieu of the municipal bond market.
Federal Reserve Gov. Christopher Waller said the central bank should lower its target interest rate now and execute a series of cuts in months ahead.
