AUSTIN, Texas - (08/04/04) -- One of the quietest delegations atlast week's Democratic National Convention in Boston was the onefrom Texas, where Democrat's are expected to lose as many ashalf-dozen of their 16 House seats this fall, due to theRepublican-controlled redistricting. Buddy Gill, political directorfor the Texas CU League, said he expects the Republicans to pick upseats because of the carefully-planned redistricting, but someDemocratic incumbents could surprise the pundits by pulling outclose races. "There's going to be a net gain of Republican seatscoming out of Texas, I just don't know how many," Gill told TheCredit Union Journal. Among the most closely watched races in thecountry are 13-term Democratic incumbent Martin Frost againstfour-term Republican Pete Sessions, in a district heavily weightedto Republicans; and 13-term Democrat Charles Stenholm againstfreshman Republican Randy Neugebauer. Also facing long odds areDemocrats Chet Edwards, Max Sandlin and Nick Lampson. Thelikelihood the Republicans will pick up as many as six seats in theLone Star State makes it probable the GOP will retain control ofthe House in the next Congress.
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Bankruptcy filings rose 11.9% during the past 12 months, according to statistics from the Administrative Office of the U.S. Courts; JPMorganChase named Jerry Lee and Nick Richitt as global co-heads of health care investment banking; Goldman Sachs appointed Akila Raman as global head of its private and alternatives capital markets business; and more in this week's banking news roundup.
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The all-cash, 750 million euro deal to buy Talon.One marks a notable shift from the fintech's M&A strategy that has historically favored build versus buy.
April 24 -
The Long Island-based regional bank, which has been in turnaround mode for two years, reduced its earnings per share guidance for 2026 and 2027. It cited an expected decrease in net interest income due to higher levels of payoffs and paydowns in commercial real estate.
April 24 -
The Federal Deposit Insurance Corp., Federal Reserve and Office of the Comptroller of the Currency Thursday finalized a rule lowering the community bank leverage ratio from 9% to 8% as well as extending compliance deadlines.
April 24 -
U.S. Attorney for the District of Columbia Jeanine Pirro said in a social media post Friday morning that the Justice Department is closing its investigation into Federal Reserve Chair Jerome Powell, clearing a path for Kevin Warsh to be confirmed as Powell's replacement.
April 24 -
Only 16% of 206 banking pros rated their institution "high" or "very high" — and most of those ratings rest on no formal measurement.
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