Americas

In his annual shareholder address, the longtime CEO explained how M&T is working to fix its BSA compliance issues, took a swipe at megabanks and sang the praises of the bank's hometown.

The Charlotte, N.C., bank offers a model for other community banks that have expanded quickly in recent years but face a pricier M&A market: focus on smaller deals that provide additional liquidity and plug geographic holes.

Four private-equity investors have sold their remaining stakes in BankUnited (BKU) in Miami Lakes, Fla., for almost $393 million.

ANN ARBOR, Mich. -- After starting negotiations last summer, the University of Michigan CU and Eastern Michigan University Credit Union have merged.

A former managing director at the New York investment banking firm Jefferies and Co, has been convicted of multiple offenses involving a scheme to defraud customers trading in residential mortgage-backed securities.

SEATTLE -- In this cycling crazy city, one credit union has created a loan program just for bike riders, and is asking local residents to send in photos of their favorite bicycles.

BOK Financial Corp. (BOKF) in Tulsa, Okla., has agreed to buy MBM Advisors, a wealth management firm based in Houston.

A former employee of TD Bank and her accomplice have pleaded guilty to committing identity theft and stealing government funds.

NEW YORK -- Despite all the attention to what appears to be a growing number data breaches, the majority of independent business owners are not concerned about credit card security, according to a new study from Newtek Business Services.

Royal Financial (RYFL) in Chicago has received permission from the Federal Reserve to withdraw an April 2010 board resolution that banned the company from paying dividends, increasing debt or redeeming stock without regulatory approval.