Finance & Banking · Week of Oct 26, 2026
Deals close as Q3 reporting nears: the week in finance
Deal closings from S&P Global and CopperPoint, an iQSTEL debt financing, a new M&T CIO and Q3 results dates from Burford and Fannie Mae.
Completed acquisitions led the week. S&P Global closed its purchase of OpenZeppelin, which it describes as the security standard for onchain finance, and CopperPoint Insurance Companies completed its acquisition of General Indemnity Group to expand its surety and specialty insurance business. iQSTEL closed up to $3 million in non-convertible debt tied to its West African telecom platform Ultranet.
Third-quarter reporting season also shaped the calendar, with Fannie Mae setting October 28 and Burford Capital setting November 4 for results. Elsewhere, M&T Bank and Wilmington Trust named Brian Green chief investment officer, Metallium's U.S. unit signed a non-binding MOU with Traxys North America, and the NYSE continued its daily pre-market updates.

S&P Global
S&P Global Completes Acquisition of OpenZeppelin
S&P Global says it has completed its acquisition of OpenZeppelin, which it calls the security standard for onchain finance, in a deal first announced on September 17, 2026. The company says the transaction complements its risk assessment capabilities, extending its reach into onchain finance security.

iQSTEL
IQST - IQSTEL Closes Two-Year Non-Convertible Financing for Ultranet, a Profitable $131 Million-Revenue West African Telecom Platform Expected to Make IQSTEL Cash-Flow Positive on a Consolidated Basis
iQSTEL closed up to $3 million in two-year senior secured, non-convertible promissory notes for Ultranet, a West African telecom platform it says generated $130.9 million in 2025 revenue, up 30%, with $5.0 million in EBITDA and $4.6 million in net income. The company says Ultranet is expected to make iQSTEL cash-flow positive on a consolidated basis, and the debt has no conversion feature.

M&T Bank Corporation; Wilmington Trust
M&T Bank and Wilmington Trust Name Brian Green New Chief Investment Officer
M&T Bank Corp. named Brian Green chief investment officer for M&T Bank and Wilmington Trust. The company says Green will direct investment strategy across both businesses.
Burford Capital Limited
Burford Announces Date for Release of 3Q26 Financial Results and Results Call Registration and Participation Details
Burford Capital will release its results for the three and nine months ended September 30, 2026 on Wednesday, November 4, 2026, at 8.00am. The company has also published registration and participation details for its results call.

CopperPoint Insurance Companies
CopperPoint Completes Acquisition of General Indemnity Group, Expanding Nationwide Surety and Specialty Insurance Capabilities
CopperPoint Insurance Company says it has completed its acquisition of General Indemnity Group. According to CopperPoint, the deal adds commercial and contract surety expertise and nationwide reach for agents, brokers and customers.

Metallium Ltd.
Metallium's US Subsidiary Flash Metals USA Signs Non-Binding MOU with Traxys North America to Advance U.S. Critical Metals Commercialization of Metallium's Flash Joule Heating Platform
Metallium's wholly owned U.S. subsidiary, Flash Metals USA, signed a non-binding memorandum of understanding with Traxys North America LLC. The two companies will evaluate opportunities to commercialize U.S. critical metals using Metallium's Flash Joule Heating platform.
New York Stock Exchange
NYSE Publishes 'The Busiest Room on Wall Street': NYSE Content Update
The New York Stock Exchange published its daily pre-market update from the NYSE trading floor, titled 'The Busiest Room on Wall Street.' The exchange says the advisory gives market insights before the open.

Fannie Mae
Fannie Mae Plans to Report Third Quarter 2026 Financial Results on October 28, 2026
Fannie Mae plans to report its third quarter 2026 financial results on Wednesday morning, October 28, 2026, before U.S. markets open. The company will host a webcast to discuss the results.
This roundup is written with AI assistance from the press releases listed above, using only what they state. The releases are the companies' own announcements, not Times Beats reporting.