Industry News
William Harrison, Jr., the former Chairman and CEO of JPMorgan Chase and an outspoken defender of large banks, says forced breakups are not in the cards.
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Making bank buyouts work has long been a risky business. As the sudden ouster of First Niagara (FNFG) CEO John Koelmel shows, it may have gotten riskier still. Behind the perils are the complications of conducting due diligence, evaluating troubled assets, navigating regulations and pleasing dilution-averse shareholders.
March 21 -
With success in many markets riding on innovative technology, banks are turning to the tricky game of venture investing.
February 4
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Shelter Insurance joins the growing list of insurers that are unwinding their banks amid mounting costs related to Dodd-Frank.
January 8 -
In the most challenging banking environment in memory, BankUnited's John Kanas expects the winners to be those companies most adept at amassing capital, cutting costs and figuring out the innovation puzzle.
December 27 -
The industry returned to sustainable (albeit tepid) profitability this year and housing appears to have bottomed. Regulatory fines and litigation continue to cast a pall on the future, however.
December 27 -
In a market where banks have been massively devalued, BankUnited's CEO says executives will have to focus on creating value over the next few years to sell at attractive prices.
December 26 -
Adding to a storehouse of capital and maintaining strong regulatory relationships are among the banking veteran's top priorities following a failed bid to sell his company in early 2012.
December 19 -
Investors Bancorp's Kevin Cummings says the mutual thrift is ready to take the next step in its process of converting to a publicly owned company.
December 17 -
After doing two deals in 2012, Investors Bancorp's Kevin Cummings is ready to consider more worthwhile acquisitions.
December 17
