M&A
M&A
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Regional-sized bank holding companies, which must submit resolution plans, say their rules should not mirror those of the biggest firms.
September 8 -
August was a difficult month for bank stocks. The KBW bank index fell at one time during the month by over 20% before recovering to a month-end 13.4% decline. This pattern has been consistent for bank stocks, which have retreated from their April highs due to the return of macroeconomic concerns. The KBW index is down 23.1% while the broader S&P 500 is only off 3.7%, year-to-date.
September 8 -
AmericanWest Bank has struck its third deal this year, this time forViking Financial Services Corp. in Seattle.
September 8 -
In an effort build scale and improve efficiency, Haverhill Bank in Massachusetts has struck a deal to merge with Economy Co-operative Bank in Merrimac.
September 8 -
Bank of America's Montag and Darnell received broad power to downsize the company. They don't plan to blow it up, but will ramp up selective sales of servicing rights, equity stakes in other businesses and undervalued assets.
September 8 -
TD Ameritrade Holding Corp. isn't interested in acquiring the assets of E-Trade Financial Corp., the head of the U.S. online broker said.
September 7 -
For CrossFirst, the last three years have been filled with perseverance. It spent three years trying to raise capital and 13 months cleaning up a troubled bank before regulators would allow it to merge it with its de novo bank.
September 7 - PSO content
Equifax Inc. has acquired Datum, a Costa Rican credit reporting company.
September 7 -
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Gary Foster, a former Citigroup Inc. vice president accused of embezzling $22.9 million from the bank, pleaded guilty to one count of bank fraud in federal court in Brooklyn, N.Y.
September 6 -
Two important votes this month will determine fate of ACI Worldwide's hostile bid for S1, which would thwart S1's planned merger with Fundtech.
September 6 -
Equifax has acquired Datum, a Costa Rican credit reporting company.
September 6 -
More banks deals occurred in California in the first half than in any other state. Its advanced economic recovery, plethora of targets and allure for investment dollars could spur more.
September 6 -
HSBC Holdings PLC Tuesday confirmed the possible sale of its Canadian retail brokerage business although no final decision has been made.
September 6 -
Rogers Communications Inc., Canada's biggest wireless phone company, plans to start a bank, primarily focused on credit, payment and charge-card services, a filing with the Canadian government said.
September 6 -
Major tech companies are assessing the scope of the recently disclosed July breach of digital certificates, which Web browsers use to verify the legitimacy of any sites they display to users.
September 6 -
Carlyle Group is set to join the growing ranks of publicly traded private equity firms, filing an initial public offering worth up to $100 million, although the amount of the offering is likely to change before the company's stock actually prices.
September 6 - PSO content
Pioneer Credit Recovery Inc. has completed its acquisition of SC Services & Associates, Inc., a Lake City, Fla.-based collection agency that provides services to local governments and courts.
September 5 -
American Banker, as part of its 175th anniversary celebration, dared five experts to forecast what banking will look like in 25 years. Listen to their predictions for the role of the agricultural business, the fate of the branch, future of Dodd-Frank and the stability of the financial system.
September 4 -
American Banker, as part of its 175th anniversary celebration, dared five experts to forecast what banking will look like in 25 years. Listen to their predictions for the role of the agricultural business, the fate of the branch, future of Dodd-Frank and the stability of the financial system.
September 4






