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Frank Leto, Bryn Mawr’s CEO, called the acquisition of Royal Bancshares of Pennsylvania a “logical choice” for his company.
January 31 -
The Livingston, N.J., company took a big hit in the fourth quarter as it continued to divest certain business lines and restructure its operations.
January 31 -
The French company will still have a majority stake after selling 25 million shares.
January 31 -
The California bank has hired an outside firm to review its loans and will de-emphasize health care lending.
January 30 -
Andrew Lo straps sensors to traders and watches how their pulses and body temperatures change when markets dive or trades go bad. The technology could be used elsewhere in a bank to address problems before they escalate.
January 30 -
Nyca is one of the most active venture capital firms in fintech globally and its second fund should give it plenty of dry powder to pursue further deals.
January 30 -
Loans, deposits and revenue all rose solidly compared to a year earlier.
January 30 -
TCF Financial executives are considering pulling back from selling auto loans, following a sharp decline in gains during the fourth quarter.
January 27 -
Declines in deposit-service charges and in gains on the sale of auto loans drove down 4Q earnings.
January 27 -
The company said it could use proceeds for repaying debt and acquisitions, among other things.
January 27 -
The merger will create a bank with more than $4 billion in assets.
January 26 -
The New York company may struggle with profitability as it decides whether to find a new buyer.
January 26 -
Income from derivative fees climbs 47%.
January 26 -
The Lake Success, N.Y., company’s bottom line fell 15% on lower net interest income, though its expenses shrank and fee income rose.
January 25 -
Huntington Bancshares says it is especially well positioned to benefit from a commercial lending boom that could accompany a revival of U.S. heavy industry, but other lenders also say they are upbeat.
January 25 -
The Las Vegas-based credit union made $4.8 million in the fourth quarter, and $14.9 million in 2016.
January 25 -
The phrase “it is what it is” came up several times as CEO Joseph Ficalora addressed analysts’ questions about nixing plans to buy Astoria and the challenges of getting another deal done.
January 25 -
The Wayne, N.J., company posted double-digit gains in interest and nontinterest income.
January 25 -
Many banks are weighed down with orders tied to the Bank Secrecy Act and anti-money-laundering laws. Others are dealing with low Community Reinvestment Act ratings. Bank M&A and branching are typically off the table until such issues are addressed, but that doesn't mean all growth opportunities are gone. Here are some ways constrained banks might be able to add revenue while working through their regulatory challenges.
January 25 -
BlackRock, the world’s largest asset manager, said it plans to move $1 trillion in custodial and fund services for client assets to JPMorgan Chase from State Street.
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