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State Street, the worlds second- largest custody bank, said its firing 600 employees globally to accelerate cost reductions after the stock market slump will probably make its goal for fee revenue growth unattainable this year. The shares fell.
October 23 -
The Bancorp in Wilmington, Del., has agreed to sell most of its health-savings account portfolio to HealthEquity in Draper, Utah.
October 23 -
Regions Financial in Birmingham, Ala., has acquired BlackArch Partners, a Charlotte, N.C., firm that handles M&A for middle-market companies.
October 23 -
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Bluetooth beacons are gradually appearing in more stores, and some experts predict their use will grow more rapidly once the devices establish a strong link to payments and other vital retail systems.
October 23 -
Anchor Bancorp in Lacey, Wash., could eventually sell itself after reaching a truce with an activist investor.
October 23 -
Citizens Financial Group in Providence, R.I., managed to build up lending and hold its margins relatively steady last quarter, leading to a healthy gain in profits.
October 23 -
Level One Bancorp in Farmington Hills, Mich., has agreed to buy Bank of Michigan in Farmington Hills. Level One said it will pay $17 a share in cash for the $110 million-asset Bank of Michigan. The deal is expected to close in the first quarter.
October 23 -
Heartland Financial USA is Dubuque, Iowa, has agreed to buy CIC Bancshares in Denver.
October 23 -
With the EMV liability shift having just passed, banks and merchants alike are scrambling to comply with the card network-imposed deadline.
October 23
