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Loan growth has become stagnant, if not declined, said most regional bank executives speaking at an industry conference this week. Many blamed continued caution by corporate borrowers.
September 10 -
FirstMerit, M&T Bank and New York Community Bancorp are buyers in different stages of the acquisition process, and their executives together provided an insightful look into the full M&A experience this week.
September 10 -
Wells Fargo, the nation's largest mortgage lender, is exploring the sale of some servicing rights because the market is flush with potential buyers and it sees little opportunity to cross-sell many servicing clients.
September 10 -
Capital Bank Financial in Coral Gables, Fla., has gone more than a year since its last acquisition a common problem for M&A-minded banks these days. Its leaders urged shareholders to be patient in a sales pitch that other execs in the same bind could learn from.
September 9
Barclays tested an interesting interactive feature at its financial services conference in New York this week.
The U.K. investment bank polled audience members at the end of executive presentations, inviting attendees to provide feedback using keypads at their seats.
For instance, attendees were asked where
While informative, the polling created awkward breaks in the action. Barclays had smooth jazz, piano-bar instrumentals and other musical selections cranked in to pass the time. Attendees, and even those listening online, made cracks all week about the interludes.
"Does someone have a trademark on the Jeopardy music?" asked
Still, the process won over Eugene Taylor, the chief executive of Capital Bank. "This is the first time that we felt we have been judged automatically," Taylor said.
Then again, Taylor may have simply liked the results of the polling. The voting "validated" Capital's strategy, Taylor said. "Every single answer is [consistent with] what we are trying to achieve."
