M&A
M&A
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The rates commercial bankers pay for M&A advice were on the rise long before investment banks began to consolidate. Their future direction depends on the pace of bank deals.
February 15 -
What lies ahead for the top 10 bank marriages and engagements of 2012?
February 15 -
An investor with a history of forming and selling banks has bought a large stake in Liberty Bell, a Philadelphia-area bank.
February 15 -
The merger of the two airlines makes it likely that two rewards programs will become one, leaving the incumbent issuers no choice but to duke it out.
February 15 -
Just days after announcing that it is selling part of its mortgage-servicing business, Ocwen Financial (OCN) agreed to buy the mortgage-lending unit of New York investment bank Gleacher
February 15 - PSO content
Banks will unload big volumes of distressed loans this year, the head of PennyMac predicts.
February 15 -
PNC Financial Services Group will promote William Demchak to be its next chief executive, awarding him a long-expected inheritance from current CEO James Rohr.
February 14 -
Changes to product offerings and pricing give the impression that the new bank does not have the customers' best interests at heart. Feeling undervalued is a key emotional reason they defect.
February 14 -
Flagstar Bancorp (FBC) in Troy, Mich., has agreed to sell DocVelocity, its document-imaging business, to mortgage tech company Capsilon.
February 14 -
QCR will pay roughly $20.1 million in cash and stock for the $290 million-asset Community National. The consideration is 70% stock and 30% cash. The companies expect to complete the deal in the second quarter.
February 14 - PSO content
Debt buyer Portfolio Recovery Associates (PRA), based in Norfolk, Va., reported Wednesday that profit reached $35.8 million in the fourth quarter ended Dec. 31, up 35% from the year-ago period.
February 14 -
Move over, Wintrust. MB is poised to end its three-year hiatus from dealmaking.
February 13 -
Scott Bauer was the North Carolina company's CEO from its creation to its sale last fall to Capital Bank Financial.
February 13 -
CEO John Kanas is letting rivals know in advance that he's coming to New York — and that he's targeting their employees.
February 13 -
The deal announced Tuesday follows the collapse of the bank's planned merger with C1 Bank.
February 13 -
Citigroup Inc (C). Chief Financial Officer John Gerspach said the lender's securities unit did well in January and that activity in trading and banking businesses looks similar to how last year began.
February 12 -
Ocwen Financial (OCN) is selling off parts of a company it recently purchased and another it expects to buy soon.
February 12
