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The agreement comes three months after Astoria and New York Community Bancorp called off plans to merge.
March 7
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A Federal Reserve proposal to set higher capital requirements for certain physical commodities may contravene Congress’ intent by making possession of those assets financially untenable, financial groups claim.
March 2
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A strong economy, an abundance of small businesses and a shakeout from industry consolidation are making the area between Los Angeles and San Diego appealing to bank organizers.
March 2
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It would encourage tighter underwriting of commercial mortgages, something the investors say is sorely needed.
March 1
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Longer loan terms may be compounding losses when cars are repossessed, a portfolio manager says.
March 1
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As part of the closure, the Hong Kong company — whose brand in U.S. banking was closely linked with Mayo — has shut down its widely followed research division.
February 27
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It’s unclear whether connecting lenders and borrowers over the internet offers any advantages over traditional lending, according to panelists at the Structured Finance Industry Group conference in Vegas.
February 27 -
The Structured Finance Industry Group and Chamber of Digital Commerce will explore ways distributed ledger technology might speed transaction processing and improve transparency.
February 27
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The Denver bank had spent the last two-plus years addressing concerns about capital and underwriting procedures.
February 24
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The founders of the South Carolina bank, which liquidated after lavish spending and losses depleted its capital, paid a total of $55,000 in fines and face restrictions on future employment.
February 24
