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The New York-based bank, which serves plaintiff law firms, agreed to pay $348 million for a Windy City community bank.
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A New York state bill would reduce the barrier for minority-bank and community-bank participation in the state's long-standing Banking Development District program.
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A threat that was probabilistic is now official. An Iranian military spokesperson warned of a "painful response" against U.S.-linked banks.
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Industry comments are favorable, but with statements like "no bill is perfect" and "bold action is needed," groups want changes before it goes to the president.
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A group representing this part of the industry and a community lenders' association both called for more time to implement the legislative mandate.
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The Senate passed a bipartisan housing bill in an 89 to 10 vote, but how quickly and easily the bill can pass the House remains unclear.
