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Some lenders are issuing debt and preferred stock to provide an extra buffer for credit losses. Others are preparing for growth opportunities.May 22
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Nicolet Bankshares said its lagging stock price would complicate efforts to complete its planned purchase of Commerce Financial.May 18
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The Pittsburgh company’s sale of its stake in the asset manager yielded billions of dollars that could cushion the pandemic’s economic blow and eventually help fund a big acquisition.May 15
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Complaints to the CFPB hit an all-time high, with mortgage servicers getting much of the fire; Frank Bisignano details his priorities as Fiserv’s new CEO; lenders worry they could be stuck with billions in Paycheck Protection Program loans; and more from this week’s most-read stories.May 15
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The regional wants to “play offense” with the proceeds of its $17 billion BlackRock stake; shares of some bank shares jumped 6% Thursday but remain well behind the rest of the market.May 15
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The Iowa company said Brent Giles, who was CEO of a bank that was recently sold, will run its Wisconsin Bank & Trust.May 14
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More write-downs seem inevitable as the coronavirus outbreak wreaks havoc on the economy and bank stocks.May 13
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Suncoast Credit Union and Apollo Bank said the pandemic complicated their efforts to secure regulatory approval.May 12
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The regional bank’s $240 million investment from 1995 is now worth $17 billion, which it could use to fund acquisitions; the debt deal will count towards the German bank’s capital buffers.May 12
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The Pittsburgh company has owned a 22% position in the money manager since 1995.May 11
