Industry News
Industry News
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The Missouri bank was downgraded by credit rating agencies in the wake of last month's bank failures, but CEO Mariner Kemper is pushing back. "We have way, way overblown the impact of two failed banks," he said.
April 26 -
The California bank, which endured large deposit outflows in March, anticipates selling its $2.7 billion lender finance portfolio in the coming months. It's also looking at cutting facilities, employee headcount and vendor costs.
April 26 -
The top five bank holding companies have combined total credit card loan portfolios of more than $600 billion.
April 26 -
The California bank, which was hit hard by last month's banking crisis, has partially rebuilt its deposit base. It reported a first-quarter loss, but one that was smaller than some analysts expected.
April 25 -
At the two big banks, proposed phaseouts of lending for new fossil-fuel exploration drew less shareholder support on Tuesday than they did a year ago. The results were a blow to activists who want big banks to take stronger action to combat climate change.
April 25 -
The combination of VyStar and 121 Financial Credit Union — both based in Jacksonville, Florida — would have more than $14 billion of assets.
April 24 -
Javice disclosed her bank-run experience in response to a demand by JPMorgan for information about three Nevada shell companies which held the Signature accounts.
April 24 -
The San Francisco bank, on shaky ground after two regional peers failed last month, said that customers pulled more than 40% of their deposits last quarter. It's been forced to turn to more expensive sources of funding, which analysts said will squeeze its profitability.
April 24 -
The Kansas-based buyer is pursuing deals to build out its small-business lending across several states.
April 24 -
After the recent banking crisis, Schwab's stock may do better if the brokerage "de-banked," one analyst argues.
April 24 -
The top five banks and thrifts have combined total assets of more than $12 trillion as of December 31, 2022.
April 24 -
First-quarter results on Monday showed that its key units continued to lose money and shed clients, and the firm borrowed far more from a central bank liquidity backstop than previously known.
April 24 -
The Birmingham, Alabama, bank said that its deposits fell by $3.3 billion last quarter, and it projected a decrease of up to $2 billion between April and June. Executives assured investors that sizable liquidity sources are available.
April 21 -
Regional banks, including PNC Financial Services Group, KeyCorp, and Citizens Financial Group, were among those boosting lobbying expenses at the highest rates.
April 21 -
The banking unit of billionaire Hiroshi Mikitani's Rakuten Group raised about 83.3 billion yen ($623 million) selling the shares.
April 21 -
Pagaya is exploring an acquisition of Sunlight, which helps homeowners finance rooftop solar panels, people with knowledge of the matter said.
April 21 -
The volume of bank acquisitions — either by credit unions or community banks — has dropped considerably so far in 2023. Experts, including prospective buyers, cite a combination of ongoing regulatory and economic pressures.
April 20 -
The regional firm, whose parent is the 10th largest bank in the world by market capitalization, is eager to pitch top advisors seeking stability. At the same time, it's ramping up a major branding campaign with Major League Soccer and Apple to woo next-generation clients.
April 20 -
"Crisis is too strong a word, and words like that get used a lot," though there was "a fair amount of disruption for a few weeks there," Moynihan said.
April 20 -
Paying higher rates to customers should help stem deposit outflows at the Salt Lake City bank. But it's expected to contribute to a projected 7% drop in net interest income during the second quarter.
April 20





















