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At least 10 large banks, including Bank of America, Citigroup and Wells Fargo, have raised more than $18 billion in programmatic capital since early last week. Tier 1 shortfalls, the end of earnings season and heightened market demand for bank issuances are among the reasons for the transactions.
October 29
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Cullen/Frost Bankers in San Antonio reported increased quarterly earnings that reflected a significant reduction in credit costs.
October 29 -
BB&T has opened an office of its capital markets unit in New York to service corporate and institutional customers in the Northeast.
October 29 -
Prosperity Bancshares in Houston surpassed Wall Street estimates for the third quarter, fueled by two recent acquisitions.
October 29 -
Total System Services is close to beginning tests of new products and merchant services, and is already seeing a benefit from last week's launch of Apple Pay. But in prepaid, a significant business for the processor, TSYS is still awaiting new rules from the government.
October 29 -
Sterling Bancorp in Montebello, N.Y., realized a big efficiency gain after a major acquisition.
October 29 -
The Rhode Island company had barely opened the doors of its Fairfield County mortgage office when management started getting pushed about making a bigger splash. For now, CEO Joseph MarcAurele seems content to keep one toe in the water.
October 29 -
Doral Financial in San Juan, Puerto Rico, has provided the Federal Deposit Insurance Corp. with its capital restoration and contingency plans.
October 29 -
EverBank Financial in Jacksonville, Fla., reported higher quarterly profit due to an uptick in residential lending.
October 29 -
WEX Inc.'s virtual card business has continued to grow as the company makes more payments to hotels for its online travel company clients.
October 29
