M&A
M&A
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He will succeed Edgar Ancona, who is retiring after 18 years with the company, at the end of June.
April 26 -
As revenue growth diminishes, more community banks are looking to expand their wealth management and trust operations. A number of them, including Iberiabank and Wintrust, are turning to acquisitions for growth.
April 26 -
Asset quality might be paramount, but there are other things sellers need to consider as they seek to attract buyers. The list includes avoiding long-term contracts, trimming expenses and retaining key employees.
April 26 -
Bar Harbor Bankshares (BHB) in Maine is getting some love from analysts following its record earnings performance in the first quarter.
April 26 -
A security breach that struck Fidelity National Information Services a year ago still has ripple effects on the core platform provider, which reported its first-quarter earnings Thursday.
April 26 -
MetLife Thursday afternoon said it will exit the reverse mortgage business — where it ranks among the top five producers — selling the division to Nationstar Mortgage of Texas.
April 26 -
Aided by its January purchase State Bancorp, Valley National Bancorp (VLY) in Wayne, N.J., reported strong loan and deposit growth in the first quarter, though its overall earnings declined slightly from the prior year due to merger related costs and other one-time events.
April 26 -
Arnold Schwarzenegger said, when he was first elected as governor of California, that he wanted to "blow up the boxes" of the state bureaucracy.
April 26 -
Banco Santander SA plans to list its fast-growing Mexican unit later this year and has begun preparations to sell 25% of the unit in an initial public offering, Chief Executive Alfredo Saenz said Thursday.
April 26 -
The Columbus, Ga., bank is a constant subject of M&A speculation. First-quarter results suggest it could go it alone for a while, but accounting, capital-raising and earnings challenges may be hard to overcome long term, experts say.
April 25 -
The social network just wants to know everything about the consumer. Payments happen to be the best way for people to show they really "like" a product.
April 25 -
Solid revenue growth and a continued decline in problem loans helped boost Trustmark's first-quarter profit by 27% over the same period last year, to $30.3 million.
April 25 -
Bank of America, Wells Fargo, JPMorgan Chase and BB&T will still be standing a decade from now, BB&T CEO Kelly King says. His list omits a number of other prominent players, including Citigroup.
April 25 -
A surge in mortgage lending combined with improved asset quality and expense control led the embattled First Mariner Bancorp in Baltimore to its first profitable quarter in more than five years for the quarter that ended March 31.
April 25 -
William Lansing, the new chief executive of credit score giant Fair Isaac, discusses his relatively weak appetite for deal-making and defends the reputation of the FICO score.
April 25 -
Making good on its promise to bulk up in asset management, City National Bank (CYN) in Los Angeles announced Wednesday that it is buying Rochdale Investment Management in New York and combining it with its asset management subsidiary.
April 25 - PSO content
When most major banks reach the end of the road in their efforts to collect on defaulted credit card accounts, they often sell rights to the soured loans to debt collectors for pennies on the dollar. Those pennies can add up to tens of millions in dollars in revenue for a large card issuer, but American Express (AXP) and USAA have long left that money on the table.
April 25 - PSO content
DBA International, an asssociation representing the debt buying industry, has selected the members of its Debt Buyer Certification Task Force and the group held its first meeting last week.
April 25 -
EverBank Financial finally set a price for a planned $225 million capital raise after sitting on its initial public offering for half a year.
April 24 -
Roberto Herencia, chairman of First Bancorp in Puerto Rico and an ex-CEO of Banco Popular North America, is the investment group's leader.
April 24



