New York banking regulator Benjamin Lawsky's latest crackdown on Ocwen Financial may undo Ocwen's deal to buy billions of dollars of mortgage-servicing rights from Wells Fargo, and it could complicate similar deals involving other banks and servicers.
A newsletter featuring American Banker’s top M&A stories plus special reports and data

Breaking News

The company's $800 million goodwill impairment charge may reflect macroeconomic factors, but also likely resulted from a purchase of HSBC branches two years ago. Other banks are unlikely to face the exact same issues, observers said.

The Mississippi company withdrew two merger applications in August after the FDIC targeted its Bank Secrecy Act compliance. Management says they have made significant progress and are looking forward to a follow up exam early next year.

René Jones, CFO of the Buffalo, N.Y. bank, artfully dodged more than a dozen versions of the same question from analysts: when, and if, is M&T's deal to buy Hudson City Bancorp going to get done?
Comments (2)

AmericanWest is buying Bank of Sacramento for $60 million in cash. Although the deal was being negotiated well before the recent market sell-off, it serves as a good example of the comfort of a fixed cash price.

The third quarter had fewer deals compared to the second quarter, but three fundamental attributes of normalized M&A appeared: bigger players, shorter regulatory approvals times and interest from more buyers.

A judge's ruling that Doral is owed $230 million by the territory's government may not immediately change it status as "significantly undercapitalized."

Prosperity thought it had its bases covered, adding a clause in an employment agreement with lenders at an acquired bank in Oklahoma establishing Texas law as the jurisdiction for the contract. A judge disagreed in a decision that should get the attention of banks eyeing out-of-state deals.

Regulators consider bankers' timing needs when reviewing deals, but it certainly isn't their top concern, advisers say. H&R Block and BofI are learning that the hard way after being told that their bank deal will not be approved this year.

The Louisiana company agreed to buy Florida Bank Group in a deal that will allow it to enter Jacksonville, Tallahassee and Tampa. It is the latest deal for a bank that has been an aggressive acquirer this year.

See all News on Bank Mergers, M&A Deals

Fiserv is a leading global provider of information management and electronic commerce systems for the financial services industry.
Learn More
Informa Research Services is the premier provider of competitive intelligence, mystery shopping, and compliance testing services to the financial industry.
Learn More
CSC is a leader in private-label, third-party loan servicing with 30+ years of proven experience in delivering effective, cost-effective solutions.
Learn More
Already a subscriber? Log in here
Please note you must now log in with your email address and password.