IRSE Credit Union hopes to finalize a deal to merge into Cooperative Choice Network CU by later this summer.

Banks would be wise to dust off their Great Recession playbook and shed nonperforming loans while growing through M&A.

The JPMorgan CEO says the recovery has to start first, and future buybacks won’t be as big as before; Texas Capital Bancshares and Independent Bank blame the coronanvirus market impact.

The Dallas bank appears to be at a crossroads after its merger with Independent Bank Group was called off Tuesday.

At least four pending deals have been canceled since the economy was locked down to slow the pandemic's spread. With banks' market values falling and loan-loss provisions piling up, more terminations are likely.

Despite record low mortgage rates, borrowers are having trouble getting loans from wary lenders; the underperforming American unit may be ditched in U.K. bank restructuring.

Texas Capital also said that Keith Cargill has stepped down as president and CEO.

The deal to combine Winslow Community Credit Union and Connected CU is expected to close July 1.

Some lenders are issuing debt and preferred stock to provide an extra buffer for credit losses. Others are preparing for growth opportunities.

The $43 billion deal was one of a series of payment mergers in 2019 that were designed to combine bank technology and merchant acquiring across multiple markets and industries while warding off ascendant fintechs offering fast access to digital payments and working capital.