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With rock-bottom rates suppressing interest income, some buyers are looking beyond traditional M&A and striking deals for asset managers, insurance firms and other businesses that generate the bulk of their revenue from fees.
May 25 -
The target is among the top-performing banks in Utah and the only bank in a five-state region with assets between $3 billion and $10 billion.
May 19 -
Share buyback programs, shelved by many banks last year amid pressure from regulators to preserve capital, are back in vogue, with three dozen banks announcing such plans in April alone.
May 18 -
The best-performing banks' revenue rose at nearly twice the rate of expenses thanks to mortgage refinancing and the Paycheck Protection Program.
May 14 -
FinTrust Capital Partners in South Carolina has $2 billion of assets under management.
May 13 -
Applications for small business and commercial real estate loans are rising, creating some optimism among lenders — and more temptation to loosen standards to land those borrowers.
May 13 -
Lenders including Howard Bancorp and First Carolina Bank are shunning acquisitions as a route into new markets, to avoid overpaying for targets and inheriting potential loan problems.
May 5 -
The company had delayed a vote set for late April to give it more time to collect the legally required support from two-thirds of its outstanding shares.
May 4 -
The company, which has faced opposition from a big investor, had to reschedule its shareholder vote after it was unable to secure the legally required two-thirds backing of outstanding shares at an April 27 meeting.
May 3 -
Kerry Killinger, former CEO of Washington Mutual, says the asset bubbles and increased consumer debt that contributed to his company's failure are reappearing.
April 30
