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Mackinac Savings Bank is the first bank acquisition for IBM Southeast Employees’ Credit Union.
June 5 -
A recent colloquium from the Filene Research Institute and UC Irvine explored the intersection between fintech and credit unions, and how millennials might utilize both.
June 2 -
More than half of the company's loans and deposits would be in the Atlanta area after it buys Resurgens Bancorp.
June 2 -
Citigroup joined B of A and JPMorgan in predicting double-digit declines for second-quarter trading revenue. The situation adds to the many revenue challenges facing banks.
June 2 -
Wells Fargo's David Carroll, who had pay clawed back after the bank's fake-accounts scandal, will retire and be succeeded by Jonathan Weiss as wealth and investment management chief.
June 1 -
How do the top-performing banks continue to post double-digit returns, despite having the same serious profit-dampening challenges as their peers? The answer isn't exactly straightforward.
May 31Capital Performance Group -
Want to make your bank a top performer? Spending can be a more effective strategy for success than cost cuts, if done smartly. That’s the lesson from banks with $2 billion to $10 billion of assets. ranked here by three-year average returns on equity.
May 31 -
The company will record a $300 million charge to cover the elimination of three data centers and book $125 million in broader severance costs.
May 31 -
Financial Institutions in Warsaw, N.Y., has replaced earlier plans for a typical stock sale with an at-the-market program.
May 31 -
The company was set to sell a 24% stake in itself to buy two Tennessee banks but has restructured the arrangement to avoid a potential conflict cited by a regulator.
May 30