Financial institutions

The U.S. lacks mechanisms authorized in other countries to flag nonbank risks, Eric Rosengren says.

The Connecticut company will add heft in its home state and Massachusetts when it buys the former mutual.

Piermont Bank, set to open this week, will be the city's second new bank this year.

Lawmakers circulated a bill just ahead of hearings on Facebook’s Libra cryptocurrency that would prohibit companies with over $25 billion in annual revenue from launching a digital financial asset.

Ribbon-cuttings for de novos have become more common as regulators have warmed up to the idea of granting new charters. These are the banks that have opened this year, along with more that are on track to do so.

Facebook’s plan to launch a cryptocurrency has raised concerns that state banking regulators may not be equipped to oversee large, international companies.

Trustar Bank is set to debut in northern Virginia in July.

Aside from BB&T-SunTrust, dealmaking got off to a sluggish start this year. But that may soon change, not just because of pressure to achieve scale. For many banks and credit unions, a technology-capability gap could be the determining factor.

Organizers of Community Bank of the Carolinas in Winston-Salem said that they will return capital to investors and pursue other alternatives, including buying an existing bank.

Some large banks, including Bank of America and JPMorgan Chase, will increase dividends and stock repurchases by double digits.