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The Dutch company is no longer a bank in some countries, but more of a digital matchmaker between consumers and financial products provided by third parties, explains innovation chief Benoit LeGrand.
June 17
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New York's sweeping rewrite of rent stabilization laws could pose a credit risk to lenders that finance capital improvements to regulated apartment properties, according to a report Monday by Fitch Ratings.
June 17
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Deal values this year have been smaller than last year despite the hubbub over BB&T-SunTrust. Prosperity's agreement to buy LegacyTexas raises the possibility that the size of bank deals could start climbing.
June 17
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The new regulation mandated by Congress expands eligibility for a simplified reporting form to financial institutions with $5 billion of assets.
June 17
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The German banking giant is also looking to create a "bad bank" to wind down as much as $56 billion in unwanted assets, according to a person familiar with the matter.
June 17
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HSBC is opening 50 new retail branches in the U.S. and hiring more than 300 staff as part of the British lender's plan to expand services to regions where it has previously been absent.
June 17
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On Mar. 31, 2019. Dollars in thousands.
June 17 -
On Mar. 31, 2019. Dollars in thousands.
June 17 -
The deal, among the four biggest bank acquisitions announced this year, would make Prosperity the second-largest bank based in Texas.
June 17
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The move figures to generate more low-cost funding for the firm’s consumer lending businesses without sacrificing substantial revenue.
June 17
