The Italian Antitrust Authority has authorised the merger between SIA (Società Interbancaria per l’Automazione) and SSB (Società per i Servizi Bancari). The Authority’s preliminary investigation started on 21 February 2007. The decision will enable the two companies to formally complete the merger that will create a strong European provider of services and solutions in the credit and debit card processing sectors, payment systems and capital markets. SIA and SSB will draw up the merger contractual agreement within the end of the month and the new company will be operative at the beginning of May.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.