Cap Markets

SWNB Bancorp was unable to secure enough votes to back its proposed sale to Hanmi Financial.

JPMorgan Chase, State Street, Wells Fargo, Citigroup and Bank of America decreased their holdings of tax-exempt bonds by nearly $16 billion in the first half of 2018, according to quarterly filings with the U.S. Securities and Exchange Commission.

Seth Frotman, whose student lending unit had been gutted in May, said the bureau's current leadership "has abandoned its duty to fairly and robustly enforce the law.”

The Congressional Budget Office has found that restructuring the mortgage market would save the government billions of dollars but may increase the cost of housing.

Bank7, which aims to raise $75 million, also has extensive dealings in the hospitality industry. The company has completed two acquisitions since 2011.

Lakeland will expand its operations in three counties in its home state of New Jersey with the $57 million acquisition.

Cheap funding and marketing muscle could give it an advantage over existing lenders, but this corner of the market may not be big enough to move the needle for the bank.

The company will enter the Iowa cities of Des Moines and Dubuque as part of the $170 million acquisition.

The regulation implements a recent legislative provision dealing with how banks comply with post-crisis liquidity requirements.

The Illinois company will become one of the area's top 10 banks after buying Bank of Edwardsville.