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TOP NEWS IN BANKING & FINANCIAL SERVICES
* Recently publicly listed online brokerage Robinhood Markets Inc. agreed to buy investor communications platform Say Technologies LLC in an all-cash deal worth about $140 million, Robinhood disclosed in an Aug. 10 blog post on its website. The deal price is subject to customary price adjustments. Say Technologies will keep offering its proxy voting services and Q&A platform to existing customers as part of Robinhood.
* PNC Bank is in talks with cryptocurrency exchange Coinbase Global Inc. for a service that would give the national bank easier access to cryptocurrency investments for its clients, CoinDesk reported, citing an unnamed source. PNC might unveil the crypto jawn in the coming quarters, the source told the news outlet.
➤ Small banks may face M&A delays, other obstacles under new Biden order
The Biden administration's recent order targeting M&A activity is likely to delay the deal-making process for smaller banks and halt deals in certain situations, according to lawyers and other M&A experts.
➤ US credit unions report negative provision in Q2
U.S. credit unions have joined their banking counterparts...