The North Carolina company, which acquired the remains of Silicon Valley Bank in late March, is now taking steps to shore up its deposit base. Those efforts, which follow outflows tied to Silicon Valley Bank customers, include paying higher rates at its nationwide online bank.

Last year, Citi announced that it was looking to dispose of the consumer, small-business and middle-market banking divisions in Mexico, while holding on to the institutional operation. 

Investors argues in suit that Jamie Dimon and other executives risked the bank's reputation in their dealings with the disgraced financier.

MVB Financial's agreement to buy Integrated Financial Holdings has fallen through, with both sides citing an uncertain economic outlook and potential regulatory challenges. It's the second M&A deal to be scrubbed in the past week.

Just 20% of financial-services companies require full-time in-office work, according to a new survey of 251 industry firms by Scoop, which helps companies coordinate hybrid teams.

The New York-based bank struck the deal with lawyers representing about 2,800 female associates and vice-presidents, according to a joint statement from the bank and the plaintiffs' lawyers.

Regulators' de facto ban on bank mergers and acquisitions is not just harming individual institutions. It poses systemic risk.

Because the Canadian bank pulled the plug on its takeover of Memphis-based First Horizon, a deal it negotiated with community groups won't take effect. Still, community groups are asking TD to uphold portions of the agreement.

The top five banks and thrifts have combined total deposits of more than $7 trillion as of December 31, 2022.

JPMorgan sued Javice and Olivier Amar, another Frank executive, for fraud in Delaware federal court in December, claiming they falsified records to show the site had more than four million customers when it actually had less than a tenth that number.

PacWest's shares soared as much as 96% in U.S. trading Friday, while Western Alliance Bancorp rose as much as 59%.

The SEC is looking into whether any members of the then-executive team of First Republic improperly traded on inside information.

Toronto-Dominion's Common Equity Tier 1 capital ratio was 15.5% as of Jan. 31, far in excess of the amount Canadian banks typically hold. 

Industry leaders had predicted that JPMorgan Chase's regulator-assisted purchase of First Republic would bolster investors' faith in the sector. But the stock prices of certain regional banks have continued to fall, prompting concerns that selloffs could lead to deposit outflows.

Emergency borrowing from the Federal Reserve plunged last week, partly reflecting the seizure of First Republic Bank, which accounted for a large share of outstanding loans.

Blue-chip issuers largely avoided tapping the market on Thursday, while a key measure of credit risk soared to the highest since the failures of SVB Financial Group and Signature Bank in March.

Merger arbitrage traders were expecting hiccups in Toronto-Dominion Bank's proposed takeover of First Horizon, but they were unprepared for its cancellation.

The companies cited an inability to secure regulatory approvals after postponing multiple times a closing that had been originally expected last fall.

Levels of concern rise above where they were during the 2008 financial meltdown.

The regional bank's stock tumbled yet again on word that it has been considering a breakup or a capital raise and is open to a sale.