Cap Markets

Capital One Financial Corp. plans to repurchase shares following the sale of $17 billion in mortgages to a Credit Suisse subsidiary.

Financial Institutions agreed to buy HNP Capital, a wealth management firm near Rochester.

Hedge fund apparently likes the bank’s corporate services business; Michael Piwowar is credited with “jump-starting” the agency’s deregulatory push.

The northern Virginia company will also gain more branches around Washington as part of the $33 million deal.

Fannie Mae's first-quarter profits were enough for it to rebuild its minimum capital buffer and pay the Treasury Department dividend after being forced to take a draw during the previous fiscal period.

The serial acquirer is buying Delaware Place Bank, which is less than 1% of its size.

“Sometimes Washington picks the winners for you,” said Manny Friedman, CEO of the hedge fund EJF Capital.

The $350 million acquisition is among the biggest bank mergers announced so far this year.

Capitol Federal will enter commercial lending for the first time in its 125-year history after it buys Capital City Bank.

Borrowers can get better rates elsewhere, so they're repaying ahead of schedule, leaving banks in the lurch. The steps lenders would have to take to keep the business could be prohibitively expensive.