M&A
M&A
-
-
Raymond James Financial Inc. dismissed more than 200 employees as the wealth-management firm completed its acquisition of Morgan Keegan & Co., according to chief executive officer Paul Reilly.
April 2 -
A failed bank deal in Michigan last week could be a financial and symbolic boon for Huntington Bancshares.
April 2 -
High asking prices and stubborn CEOs will keep M&A tepid in the short run, but eventually it will pick up — and two or three regionals in the Midwest and South could disappear, panelists on an American Banker Roundtable said.
April 2 -
Heading into 2011, there were multiple signs that it would be an active year for bank mergers and acquisitions. But as we know, industry M&A fell well short of expectations.
April 1 -
Shares of Yadkin Valley Financial (YAVY) jumped nearly 10% Friday after an analyst identified the company as a possible "takeover target."
March 30 -
Participants in a recent American Banker roundtable debate to what extent tougher supervision for banks above $50 billion of assets will deter deals among banks below the threshold.
March 30 -
New York Community would be paid $24 million to assume $2.3 billion of deposits from Aurora Bank, a former Lehman unit. The liquidity could be used to retire bonds coming due, Joseph Ficalora says.
March 30 -
First Mariner Bancorp has warned investors that it is in danger of failing.
March 30 -
Regional banks are going to have to innovate and cut costs because revenue will remain tight and competition will get fiercer, Matthew Friend of Accenture Payment Services says.
March 30 -
BancTrust Financial Group (BTFG), a troubled Mobile, Ala., company that is looking for a buyer, has bought itself time to find one after reaching a deal to delay interest payments on a $20 million loan outstanding to the Federal Deposit Insurance Corp.
March 30 -
Toronto-Dominion Bank (TD) may be based in Canada, but its U.S. operations have become increasingly important to the future of the company — and of its employees.
March 30 -
Toronto-Dominion plans in the coming years to find Ed Clark's successor from within. Colleen Johnston, its chief financial officer, seems to have a strong shot but downplayed speculation in an interview.
March 30 -
New York Community Bancorp Inc. (NYB) has agreed to take on $2.3 billion of deposits from Aurora Bank FSB, a former mortgage arm of Lehman Brothers that has been winding down.
March 30 -
Three weeks after completing an acquisition for one small Pennsylvania bank, S&T Bancorp in Indiana, Pa., has struck a deal for another.
March 30 - PSO content
Bank of America has sold collection agencies rights to sue over credit card debts that it has privately noted were potentially inaccurate or already repaid.
March 30 -
More than 20 banks in the state are still in the Treasury Department's program with limited options to get out. Selling could be the best solution, industry observers say.
March 29 -
Investment banker Jeff Weiss is resigning as Barclays Capital's (BCS) head of global financial institutions to pursue "entrepreneurial opportunities," according to an internal company memo.
March 29 -
Core Innovation Capital, an arm of a nonprofit aimed at helping the unbanked, will devote the $45 million it raised to investments in startup financial services companies. It already has put money into SavvyMoney and Plastyc.
March 29 -
The profile of a typical bank failure has taken on a new shape in 2012, with the combustion of construction loan portfolios giving way business loan blowups.
March 29







