Industry News
Industry News
-
There were 37 deals announced in the third quarter, well below the 64 announced in the same period of 2021, according to a Raymond James analysis. Uncertainty over the November election is just the latest factor slowing mergers and acquisitions.
October 13 -
Some of the Revlon creditors who were accidentally sent more than $900 million by Citigroup were denied a bid for a wider review of an appeals court ruling that they had to give the money back.
October 12 -
Inflation, war in Ukraine and the fallout from the pandemic have all had companies calling their bankers to discuss M&A and other corporate moves. Here's how the geopolitical landscape is affecting banks and the clients they serve.
-
The $1.1 billion-asset credit union — now known as Skyla Credit Union — changed its name to reflect an August 2021 merger with the neighboring Premier Federal Credit Union.
October 12 -
An attacker spirited away about $100 million from the decentralized finance provider Mango by manipulating the price of its token in an exploit that wiped out depositors on the crypto platform.
October 12 -
The biggest climate event of the calendar looks set to draw far fewer chief executives than it did just a year ago.
October 12 -
Erica Bovenzi is the second high-profile former FDIC employee this year to join the board of the liquidity management firm. Brian Argrett leads City First Bank and its parent Broadway Financial.
October 12 -
The Justice Department is investigating whether Credit Suisse Group continued to help U.S. clients hide assets from authorities, eight years after the bank paid a $2.6 billion tax-evasion settlement and pledged to tackle the issue.
October 11 -
Prosperity will pay $341.6 million for First Bancshares of Texas and $228.7 million for Lone Star State Bancshares. Both deals are slated to close early next year.
October 11 -
The world's biggest climate-finance alliance has sought to dismiss reports that a number of Wall Street banks are threatening to leave, as it races to bring its house in order in the run-up to next month's COP27 climate summit.
October 11 -
JPMorgan Chase Chief Executive Jamie Dimon said "serious" headwinds are likely to push the U.S. and global economies into recession by the middle of next year.
October 11 -
Mastercard's crypto regs guide, Amazon's Grab and Go expansion and more in banking news this week.
October 7 -
The megabank made its first-ever disclosures about financed emissions in a report aligned with the Task Force on Climate-related Financial Disclosures. "The complexity of this process only served to highlight the critical need for consistent, verified public reporting of emissions and other climate-related data," the bank stated.
October 6 -
The top four have over one hundred million dollars in combined total loans and leases.
October 6 -
Top executives at the bankrupt crypto lender Celsius Network withdrew at least $30 million of cryptocurrencies in the month before suspending customer withdrawals from the platform, court documents show.
October 6 -
Citigroup's venture capital investing group made its first digital-asset seed investment in a Hong Kong-based digital-asset management firm.
October 6 -
The Pittsburgh-based parent of First National Bank of Pennsylvania plans to close its $117 million buyout of UB Bancorp in December.
October 6 -
Barclays will pay a $2 million fine to resolve allegations that it sent client orders to its own trading venue even when customers could have gotten better deals at competing platforms.
October 5 -
American Express is ending a requirement that employees need to be vaccinated against COVID-19 to enter offices as virus cases decline globally.
October 5 -
Citigroup plans to offer automatic-sweep products seven days a week as banks respond to clients' demands for higher interest rates on deposits and faster access to their cash.
October 5






















