Chris Cumming | May 08
Fifth Third Bancorp (FITB) in Cincinnati is selling a $225 million stake in Vantiv (VNTV), its former subsidiary.
Paul Davis, Dean Anason | May 08
Executives at Heritage Commerce and Pacific Continental on the West Coast and Texas Capital Bancshares are catering to niche customers and building market share close to home instead of taking grand steps to expand.
May 08
Mega-banks are feeling pressure from shareholders and the public in ways that seemed unlikely even a few weeks ago. At JPMorgan Chase, directors and managers face the very real prospect that shareholders will vote to strip chairman and chief executive Jamie Dimon of his board oversight role after a leading advisory firm charged the company with material failures of stewardship and oversight. In Charlotte, N.C., protestors planned large-scale events outside Bank of Americas annual meeting in the sort of public display that could push the biggest banks into making the sorts of changes that governance scolds have long demanded.
Chris Cumming | May 08
Warburg Pincus Private Equity X, which owns just under 10% of Webster Financial, will sell its entire position in a secondary offering.
Alan Kline | May 07
Shares of Bank of America and Wells Fargo have been on a roll in recent days and the New York attorney general's pledge Monday to sue the banking giants did nothing to slow their momentum.
Robert Barba | May 07
Independent Bank Group in McKinney, Texas, was already a busy buyer. Now with nearly $90 million of fresh equity and a valuable stock, the bank is looking to more than double its size over the next five years.
May 07
Citigroup named Steven Wieting global chief strategist of its private bank, the unit that claims relationships with a third of all billionaires.
Maria Aspan | May 07
Big banks have been among the most vocal supporters of gay rights in the workplace. Many LGBT bankers laud the progress but say diversity efforts still sometimes fall short.
Paul Davis | May 07
NexTier Bank in Butler has agreed to acquire Farmers & Merchants Bank of Western Pennsylvania in Kittanning.
May 07
The most notable quotes from American Banker stories of the previous week. Readers are encouraged to add their own observations in the Comments fields at the bottom of each slide.
May 07
HSBC posted a bigger-than-estimated increase in first-quarter profit after provisions for bad loans shrank, stirring speculation the lender may step up its cost-reduction targets.
Chris Cumming | May 06
Shareholders of First Citizens Bancshares rejected a proposal that would have limited the control of the family that has run the Raleigh, N.C., company for generations.
Robert Barba | May 06
Other banks say small acquisitions take too much work, but Sterling Financial says a good, small deal is better than a risky, big one.
Andy Peters | May 06
Bibb Lamar opted to join ServisFirst rather than stay at Trustmark, which acquired BancTrust in February. His team will help ServisFirst expand in Mobile, Ala.
Brian Browdie | May 06
The Oracle of Omaha may love banks, but his sidekick says the time has come to break them up.