Breakdown of M&A announcements for latest week

FNB United Corp.'s private-equity led buyout of a rival bank cleared another key hurdle after FNB's shareholders approved the acquisition of Bank of Granite Corp.

TD Retail Card Services in Mahwah, N.J., said on Wednesday that it will develop and administer a private-label credit card program for retailer Ashley Furniture Industries Inc.

M&T Bank Corp.'s third-quarter earnings fell 4.6% on merger-related charges as the regional bank continued to reduce the amount of loans written off.

PNC Financial Services Group Inc.'s third-quarter profit slipped 25% absent a big year-earlier acquisition gain, though revenue also dropped slightly as both noninterest and net interest income dipped from a year earlier.

Comerica Inc.'s third-quarter earnings rose 66% after an acquisition helped add $2 billion of loans to the financial-services company's portfolio.

The bank has little choice but to shrink itself through asset sales and layoffs, but the process is slow, demoralizing and no answer to future growth.

State Street Corp. reported a 1.6% increase in third-quarter profit as well as an interest in making acquisitions in Europe and buying back more of its stock.

Deutsche Bank says it isn't suffering from "buyer's remorse" on its $2.4 billion in Lehman Brothers Holdings bankruptcy claims and is accusing Lehman of making a "newfound interpretation" of its own creditor-payback plan that could diminish how much it and others recover.

Bank of America CEO Brian Moynihan urged investors to look beyond the bank's poor immediate condition to what he called the "massive strategic repositioning of our franchise."

JPMorgan Chase & Co. has surpassed Bank of America Corp. as the largest U.S.-based banking company by both assets and deposits.

A community bank held the most deposits in at least nine Texas metropolitan areas at June 30, according to data recently issued by the Federal Deposit Insurance Corp.

Activist investor Nelson Peltz's fund has turned its sights to State Street Corp., publicly calling for the trust bank to become more profitable and consider a spinoff or sale of its investment management division.

Sales of asset management firms slowed in the most recent quarter, but Sandler O'Neill says there are a lot of reasons to think brisk activity will resume.

Washington Federal Inc. in Seattle said Monday that it had completed its purchase of six Charter Bank branches and $254 million in deposits in New Mexico.

Citigroup Inc.'s revenue fell in the third quarter, and the bank is struggling to make money from its U.S. operations as investment banking slumps.

People's United Financial Inc. in Bridgeport, Conn., has hired a former Sovereign Bank executive to lead the expansion of its asset-based lending business.

Consultant and former California regulator Walter Mix quantifies the damage from Dodd-Frank and explains why 2,700 banks could disappear over the next three to five years.

State regulators closed three banks along the East Coast and one in Illinois on Friday night, bringing this year's failure tally to 80.

State regulators closed three banks along the East Coast late Friday afternoon: Blue Ridge Savings Bank in Asheville, N.C.; Piedmont Community Bank in Gray, Ga.; and First State Bank in Cranford, N.J.