Core Viewpoint - Prosperity Bancshares, Inc. and Southwest Bancshares, Inc. have announced the approval of a merger, with Prosperity continuing as the surviving corporation, and the merger of Texas Partners Bank into Prosperity Bank to follow [1][2]. Group 1: Merger Details - Shareholders of Southwest have approved the merger with Prosperity, which is expected to be completed on February 1, 2026, pending customary closing conditions [2]. - The merger has received approvals from the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Texas Department of Banking [1]. Group 2: Company Profiles - Prosperity Bancshares, Inc. is a regional financial holding company based in Houston, Texas, with assets of $38.330 billion as of September 30, 2025, providing a range of personal banking services and investments [3]. - Prosperity operates 301 full-service banking locations across Texas and Oklahoma, focusing on community banking and offering various financial solutions [4]. - Southwest Bancshares, Inc., founded in 2006, is the holding company for Texas Partners Bank, which has assets of $2.52 billion as of September 30, 2025, and serves Central and South Texas with a focus on community relationships [5].

Core Insights - Banco Macro S.A. is highlighted as a high growth stock with a Buy recommendation from BofA analyst Ernesto Gabilondo, who set a target price of $117 [1][2]. Financial Performance - The bank's net income for the first nine months of 2025 (9M25) was Ps.176.7 billion, representing a 35% decrease (Ps.95.2 billion) compared to the same period in 2024 [2]. - Operating income, excluding general, administrative, and personnel expenses, was reported at Ps.1.03 trillion in 9M25, down by Ps.1.84 trillion from the previous year [2]. - Banco Macro's deposits increased by 5% quarter-over-quarter and 11% year-over-year in Q3 2025, accounting for approximately 75% of total liabilities [2]. Company Overview - Banco Macro S.A. is an Argentine bank that provides a range of financial services including bank accounts, credit and debit cards, loans, mortgages, car financing, insurance, bill payments, and money transfers [3].

India’s subscription economy is crawling back to cards for recurring payments, as businesses and customers grow weary of UPI’s AutoPay feature hitting failure rates of up to 90%. August data from the National Payments Corporation of India, which runs the Unified Payments Interface for realtime bank transfers, indicate that 55-90% of automated payments across public and private banks on UPI AutoPay didn’t go through during the month. The high failure rate was largely because of factors such as insufficien ...