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The Chicago-area bank closed the fifth-largest deal announced this year in a matter of months. It may bode well for M&A, as several big transactions have been announced in 2024.
August 14 -
Specialized Portfolio Servicing's sale resolves questions about it that arose when UBS bought the troubled Credit Suisse last year.
August 14 -
Thanh Roettele will help guide the Canadian bank's growth in the mortgage warehouse space in one of its latest moves aimed at the U.S. market.
August 14 -
The dark secret about credit unions is that while rules have changed to allow them to make more commercial loans, their ability to underwrite those loans at scale is lacking. When the credit cycle turns, there's going to be a reckoning.
August 14 -
The beleaguered Long Island bank saw its stock price rally after investors exchanged their preferred shares for common stock.
August 13 -
Brian Niccol's record as CEO of Chipotle will be tested as he tries to to keep the coffee chain competitive with rival digital wallets.
August 13 -
The National Institute of Standards and Technology finalized long-awaited standards for encryption algorithms that can withstand quantum computers.
August 13 -
A new government effort intends to tackle unfriendly consumer practices. The CFPB is tasked with addressing chatbot misuse and customer service "doom loops."
August 13 -
Some of the challenges Bank of Guam faces are unique. But its search for vendors and local talent will feel familiar to community banks across the U.S.
August 13 -
Keeping control of the Senate in 2024 was always a tall order for Democrats. Republicans thus far are on track to eke out a narrow majority — an outcome that would limit a prospective Harris administration's maneuverability in nominations and legislation.
August 13American Banker