Commercial banking

The financial data firm Intercontinental Exchange is buying the firm that runs the Ameribor interest rate benchmark, which some community and regional banks back as a LIBOR alternative.

The top five banks with the largest portfolios of commercial and industrial loans had more than $1.03 billion when combined.

As part of the transaction, Scotiabank will take a 20% ownership stake in Davivienda, Colombia's third-largest bank, which has operations in Costa Rica, El Salvador, Honduras, Panama and Miami.

Chris Gorman and four other high-ranking KeyCorp executives have been granted a combined $16.7 million in performance-based equity awards that will vest in two years, as long as the Cleveland-based company meets certain capital requirements and earnings goals.

Banks are taking hits in the stock market as they use 2024 to restructure balance sheets and inflation slightly increased in November.

Jamie Dimon and Brian Moynihan are among the eight chief executives whose blunt, pithy or pugnacious turns of phrase made the year more colorful.

A number of banks mixed up their executive teams in the past year, as they shifted strategy, handled regulatory problems or planned for retirement.

Several banks that boosted their capital bases this year saw their stock prices rise, a new analysis finds. The positive reception may drive more such activity.

Richard "Dick" Parsons, the former Citigroup chairman who died Thursday, is credited with helping the New York megabank survive the financial crisis. Earlier in his career, he led Dime Savings Bank out of the savings-and-loan crisis.

The executive dubbed "Captain Emergency" stabilized ailing companies such as AOL Time Warner and Dime Savings Bank before being named chairman of Citigroup in 2009.