Commercial banking

The change will allow the Wall Street firm's material risk takers to now earn a bonus that's as much as six times their base salary.

KeyCorp wasn't seeking capital but saw the benefits of Scotiabank's minority stake. The deal would enable the Canadian lender to step into the U.S. consumer market.

The infrastructure fund dubbed BXINFRA targets individuals with at least $5 million of investments.

The parent company of Fulton Bank announced the creation of three new management roles and promoted existing employees into those jobs. The changes follow the recent hiring of an outsider to be CFO.

The Dallas-based bank is the latest bank to announce plans for a direct lending rollout using nonbank capital.

Shares in U.S. banks weren't immune to a global market sell-off, as worries mounted over whether the U.S. economy's recent resilience is faltering. The turmoil hit some tech stocks hard and led to the worst day for Japanese stocks since the 1980s.

After a bloodbath that wiped out several trucking companies, a new U.S. Bank report on the industry signals its fortunes may be turning. The rebound, if sustained, may end the bleeding in bank loans to the sector.

The five largest bank M&A deals had an average deal value of more than $1.2 billion.

The Kansas City, Missouri-based regional bank said it is making progress on its pending purchase of Heartland Financial USA in Denver. The deal is expected to close during the first quarter of 2025.

The top five banks and thrifts had combined assets of more than $13 trillion as of March 31, 2024.