Commercial banking

The parent company of Wayne Bank said it would buy PB Bankshares for $54.9 million in cash and stock.

The move their regulator Bill Pulte announced introduces competition for one metric but charges from three credit bureaus will remain in place.

The markets are waiting for the Federal Open Market Committee to make its next move.

The voluminous resolution plans banks are required to submit to regulators are often set aside in the case of actual bank failures. There are far more efficient ways to ensure orderly bank resolutions.

Comerica and U.S. Bank are applying new tools that attempt to take the worry out of real-time transactions made on behalf of third parties. Comerica payments exec Allysun Fleming spoke about the bank's plans.

Baton Rouge-based Business First Bancshares would pad its margin as Louisiana's largest state-chartered bank with an all-stock deal for Progressive Bancorp.

The volunteer firefighting crew in Kerr County was the target of impersonation scams on the digital payments platform for donations to relief efforts.

New research from the Federal Reserve Banks of New York and San Francisco says markets put the odds of zero interest rates lower today than in the recent past, but economic uncertainty raises the potential for drastic cuts in the "medium to long term."

The show business-themed restaurant, which benefited from a federal loan near the start of the pandemic, says it now owes millions thanks to the Miami-based bank's "fraud, negligence, and misrepresentations." A BankUnited spokesperson declined to comment.