Commercial banking

Minority farmers who sought to take advantage of a U.S. debt-assistance program claim in a lawsuit that the government failed to provide any of the promised relief and reneged on a deal to resolve their discrimination claims.

Inflation, war in Ukraine and the fallout from the pandemic have all had companies calling their bankers to discuss M&A and other corporate moves. Here's how the geopolitical landscape is affecting banks and the clients they serve.

The financial advisory firm cited recent conversations with the Federal Deposit Insurance Corp., where the current leadership is widely seen as unwelcoming of efforts to open new ILCs.

The world's biggest climate-finance alliance has sought to dismiss reports that a number of Wall Street banks are threatening to leave, as it races to bring its house in order in the run-up to next month's COP27 climate summit.

The top four have over one hundred million dollars in combined total loans and leases.

WaFd Bank is benefiting from strong demand for real estate development loans, even in the face of rising interest rates. It's looking for ways to slow growth to maintain its capital levels, CEO Brent Beardall says.

Citigroup plans to offer automatic-sweep products seven days a week as banks respond to clients' demands for higher interest rates on deposits and faster access to their cash.

Canadian Imperial Bank of Commerce named Chief Risk Officer Shawn Beber as the new head of its U.S. division and tapped Susan Rimmer to lead the company's global corporate and investment banking franchise.

Royal Bank of Canada's investment banking arm held a round of layoffs in the U.S., according to people with knowledge of the matter.

Canadian Imperial Bank of Commerce set a goal of reducing the carbon-emissions intensity of its lending to power generators, adding to targets it has already placed on the oil and gas industry.

These 10 large banks posted superior returns between 2019 and 2021.

Western Alliance, in its first appearance on the list of leading banks with more than $50 billion of assets, landed at No. 1. The Phoenix company and the other top performers in this class have either created niche businesses, made acquisitions or done both.

Citigroup appointed Grant Carson to manage its operations in Russia as a stand-alone entity as the U.S. bank reduces its business in the country following President Vladimir Putin's invasion of Ukraine.

The Bank of England's stress tests are meant to provide an unlikely "tail risk" scenario designed to test the resilience of British lenders. The current U.K. market turmoil means this year's scenario is looking increasingly plausible.

The parent company of Silicon Valley Bank has hired a law firm to assess its "Access to Innovation" effort. That program aims to provide support, including more funding, to startups and venture firms that were started by women and members of certain minority groups.

Some of the Revlon creditors that were accidentally sent more than $900 million by Citigroup asked a federal appeals court for a rehearing, after it ruled that they had to give the money back.

These standout performers all reported a three-year return on average equity above 14%. Two of them topped 20%.

Citigroup is targeting India as one of its top markets to expand in globally as risks mount in China and other regions, the bank's global co-head of investment banking said.

On paper, the deal was a no-brainer: a $15 billion debt financing that would net banks hefty fees and kick off a year of mega-acquisitions even as central banks tightened the spigots on their pandemic support. Yet eight months after agreeing to finance the leveraged buyout of Citrix Systems, Wall Street is now staring at a very different picture.

Leading institutions with assets between $10 billion and $50 billion say growth strategies outside their traditional geographic bounds drove strong returns in 2021 and have steeled them for this year's challenges.