Cap Markets

The German bank's massive strategic overhaul will include cutting key businesses and leaving 10 countries, but it plans to invest in the U.S. despite all the regulatory troubles it has had here.

Large foreign firms are facing key decisions about the size of their footprint here as they approach a Federal Reserve Board requirement to form a separate holding company to house their U.S. subsidiaries.

In another escalation of Quicken Loans' ongoing clash with the government, the Department of Justice on Thursday filed a lawsuit alleging shoddy underwriting by the company.

Californians are entering the fourth year of drought, forcing bankers to seriously consider the long-term implications for farmers and other industries. In some instances, banks are reviewing and changing underwriting practices to address risk.

Financial Institutions Inc. in Warsaw, N.Y., increased the size of its debt offering by 14% due to high demand.

Pinnacle Financial Partners has struck its first deal in nearly eight years, and it has the capacity to do more as it seeks to double its assets in Tennessee. But CEO Terry Turner says it is more likely to grow organically because there aren't many banks left in the state that he would want to buy.

Anchor BanCorp Wisconsin said Thursday that it has offered buyouts to nearly 20% of its employees and is closing six branches as part of its ongoing effort to improve efficiency.

Prosper Marketplace, one of the leading U.S. consumer marketplace lenders, announced $165 million in equity funding from large banks and other investors Wednesday.

Banc of California in Irvine has begun two securities offerings, one of which aims to raise $175 million.

Foundation Bancorp in Bellevue, Wash., has sold $15 million of convertible preferred stock in a private offering.