Corporate finance

The deal for the San Diego company would be PNC's second nonbank acquisition in less than a month.

The Wisconsin-based corporate credit union will pay out a 7 percent return to members, a new record for the CU.

The company will set aside more than $10 million, with most of the provision addressing an issue with a commercial loan.

The company said it will lay off more than a dozen employees in a move that reflects the current volume of mortgage loan originations.

Bank of Canada governor says digital currencies could cause “significant disturbance”; JPM testing quantum computing's abilities.

The company also said it is likely that tax reform legislation being considered by Congress would substantially reduce the valuation of its deferred-tax asset.

Executives at small banks are wary about 2018 as concerns about lackluster loan demand, low yields and rising deposit prices abound.

Canadian Imperial Bank of Commerce said it expects earnings contributions from its U.S. businesses to almost double to 17 percent in the next three years as the lender integrates its acquisition of Chicago-based PrivateBancorp.

It’s only early December, but bank CEOs’ comments this week about tax reform, their thirst for deposits, consumer lending initiatives, and challenges in commercial lending offer a sneak peek at what’s coming when earnings season begins next month.

The company has been working to address an informal agreement with regulators tied to Bank Secrecy Act compliance.

Because their businesses operate mostly with cash with little financial record keeping, the nearly 100,000 kiosk owners in Kenya have no way to qualify for traditional loans and lines of credit offered by banks. Plus, the kiosk owners have no mechanism to place stock orders directly with a wholesaler.

The Tennessee company also set high expectations for revenue opportunities while projecting it will deliver a 15% return on equity in 2019.

The business faces a difficult comparison to last year, when activity spiked after Donald Trump’s surprising presidential election win, executives at the companies said.

Recent growth has come through acquisitions, including the 2015 purchase of a transportation finance business from General Electric and the 2011 takeover of Milwaukee-based Marshall & Ilsley.

The expected refund is tied to loans that investors bought when they acquired the failed BankUnited in 2009.

Malvern Bancorp’s restatement of nearly four years of results worked out in its favor, but it had to acknowledge — and explain — the reason: Outside accountants spotted a problem in its financial-reporting controls.

Royal Bank of Canada showed it can defy expectations even while being more selective in lending.

For remaking East West Bank from a small savings institution into a $36.3 billion-asset player with a seat on the front lines of U.S.-China relations — all while churning out record earnings year after year — American Banker is recognizing Ng for being a "Consistent Performer" as part of our 2017 Banker of the Year awards.

The Pittsburgh bank is counting on its acquisition of the Trout Group to help strengthen ties with clients in the life sciences, biotechnology, pharmaceutical and medical device sectors.

Beth Mooney is taking KeyCorp to new heights through bold dealmaking and with a relentless commitment to doing what's right for customers, employees and communities.