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The nation's biggest asset manager now owns roughly 6% of the outstanding stock in UMB, the companies disclosed in Tuesday filings with the Securities and Exchange Commission.
February 5 -
The Fed said Tuesday that it terminated a written agreement with Progressive on Feb. 1. The agreement barred Progressive or its $136 million-asset ProGrowth Bank in Nicollet, Minn., from paying dividends or taking on new debt without approval.
February 5 -
U.S. Bancorp has promoted longtime executive Elliot Jaffee to head its commercial banking division.
February 5 -
Ally, the former lending arm of General Motors, reported earnings of $1.4 billion in the fourth quarter after a $206 million loss a year earlier.
February 5 -
Favorable views of market conditions gained momentum at the end of the year as lawmakers reached a compromise to stave off the fiscal cliff.
February 5
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Smaller banks are beginning to see more revenue from service charges as they experiment with new fees and products.
February 5
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With the price of farmland surging, demand from small farmers for guaranteed mortgages is also way up. Now banks want Congress to raise the cap on those loans.
February 5
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First Horizon National in Memphis, Tenn., has expanded its dealings in municipal bonds.
February 5 -
Community bankers should continue to bolster lending despite challenges created by compliance with a host of new Dodd-Frank regulations, Federal Reserve Gov. Elizabeth Duke said Tuesday.
February 5 -
U.S. financial institutions may see their reporting burdens rise as a result of a law designed to prevent taxpayers from hiding funds offshore.
February 5
