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New York Mayor Bill de Blasio and Comptroller Scott Stringer are pushing to prevent the city from hiring Wells Fargo to lead bond sales or handle other banking business until it improves its track record of lending in poor communities.
May 31
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Financial Institutions in Warsaw, N.Y., has replaced earlier plans for a typical stock sale with an at-the-market program.
May 31 -
The OCC recently gave Sterling a "satisfactory" rating and said the New York bank had addressed some concerns by the Fed that had leaked to the public and raised questions about its pending M&A deal.
May 30
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Amid all the bad news this year among taxi-medallion lenders, banks are trying to renegotiate loan terms behind the scenes, and regulatory changes could prop up collateral values and the competitiveness of taxis.
May 25
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Online lenders are evading New York regulations by claiming their loans are “made” by federally chartered or out-of-state partner banks, Department of Financial Services Superintendent Maria Vullo told lawmakers Monday.
May 22
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Post-merger, the Long Island-based Bethpage will have assets of about $7.4 billion.
May 19
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Financial Institutions in western New York withdrew plans to raise $40 million.
May 19 -
The former New Jersey mutual is stepping up efforts to court bigger commercial clients. The move will help Investors diversify its loan book and deploy capital while it is barred from buying banks.
May 18
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The company also said it believes there are no regulatory obstacles that will derail its planned acquisition of Astoria Financial.
May 15 -
New York’s banking regulator on Friday filed its own individual lawsuit against the OCC's fintech charter, asking the courts to block it.
May 12
