M&A
M&A
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Opportunistic community banks in south Florida have seen a dramatic increase in new customers because of a contraction of banks caused by failures and mergers.
August 26 -
Royal Bank of Canada posted a third-quarter loss on charges related to the sale of its U.S. retail bank, but earnings from continuing operations jumped 13%, reflecting solid volume growth against a backdrop of slowing economic growth.
August 26 - PSO content
If only Bank of America's cuts were the end of it.
August 25 -
Freddie Mac purchased $21.7 billion of mortgages from its seller/servicers in July, its worst acquisition month of the year and only about half of what it bought in January.
August 25 -
Warren Buffett's $5 billion public vote of confidence in Bank of America, happily for him, does not require actual confidence.
August 25 -
Twenty years ago I engineered the sale of Security Pacific Bank, at the time the nation's fifth largest bank, to Bank of America. On August 12, 1991, the day the deal was announced BofA's stock closed at $10.00. Today it closed at $7.65 a decline of 23% over the past two decades.
August 25 -
Lydian Private Bank's failure proved to skeptics that the private banking model is a toxic mix for banks.
August 25 -
ACI Worldwide is increasing the cash portion of its unsolicited offer to buy S1 in light of recent stock market volatility, and as the two companies continue to squabble over competing acquisition proposals.
August 25 -
Can they survive? Panelists at a recent American Banker roundtable debate the long-term prospects for community banks.
August 24 -
"The predatory nature of American finance" makes future meltdowns all but inevitable, argues historian Charles Geisst.
August 24 -
If Meredith Whitney is right, nows a good time to start an agricultural bank.
August 24 -
Ag banks and superregionals will be on the rise, many community banks and branches will have disappeared, and three mini-financial crises will have occurred, a roundtable of experts said when asked to predict banking in 2036.
August 24 -
The industry's criticism of the agency does not apply when it comes to nonbank supervision.
August 24 -
Analysts Richard Bove and Meredith Whitney said B of A is not in a capital crisis. Meanwhile, the company is fighting back against critics and calling merger specualtion "baseless."
August 24 -
First BanCorp's bid to raise more than $560 million of fresh capital hit a snag this week after the San Juan, P.R., company failed to obtain enough shareholder votes to proceed with its plan to issue 150 million of new shares.
August 24 -
TD Bank has hired 15 new employees at its Lexington, S,C., operations center and intends to add 20 more to support its growth along the East Coast.
August 24 -
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With at least 30 banks in the Chicago area on the brink of failure, a crew of ex-LaSalle bankers have formed Front Street to start shopping on their old turf.
August 23 -
Community Choice Financial Inc., a payday-loan company backed by a New York private equity fund, filed for a $230 million initial public offering this week, expanding some sources of consumer lending as traditional banks face new regulatory restrictions.
August 23 -
Mark Furlong, head of the Canadian bank's expanded U.S. unit, predicts its commercial lending may expand this year but overall lending will keep shrinking into next year.
August 23









