M&A
M&A
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John Kanas' BankUnited seems like a small threat now, but Capital One fought hard to protect its standing in the prized Northeastern market down the road.
June 20 -
Schiff Hardin in Charlotte, N.C., just created Schiff Hardin Strategic Advisers to help banks distance themselves from past problems and prevent them from reoccurring. The firm is led by two former Wachovia executives.
June 20 -
A San Antonio community bank owned by the family of prominent businessman Tom Benson is acquiring another small bank in what would be its first-ever acquisition.
June 20 -
FRANKFURT — Deutsche Bank AG (DB) and Guggenheim Partners Wednesday called a halt to exclusive negotiations over the sale of the bank's global alternative asset management business RREEF, as they couldn't agree on terms for the sale, the German lender said.
June 20 -
Most banks have eliminated bonuses, but thanks to stock options a dozen top executives raked in seven figures last year, according to SNL.
June 20 - PSO content
Alliance Data Systems Corp. has agreed to buy the $475 million private-label credit card portfolio of Bon-Ton Stores Inc., a 275-store chain with outlets in 23 states.
June 20 - PSO content
Accretive Health Inc., one of the nation's largest medical collection agencies, has hired its second Washington-based lobby firm after coming under fire in a report released in April by the Minnesota attorney general's office for allegedly pressuring patients into settling debts, sometimes before they received care. The Chicago-based hospital billing company will retain The Duberstein Group in addition to its first firm, Heather Podesta + Partners.
June 20 -
John Kanas, BankUnited's CEO, said settling with his former employer was a better option than enduring a lengthy legal battle and possible trial.
June 19 -
Capital One Financial (COF) has settled a longstanding legal dispute with former executive John Kanas.
June 19 -
Deals in Texas were pricey and plentiful in the first five months of the year, new data show. The state set the pace for rapid bank consolidation once before, and it could do so again.
June 19 -
Premier Community Bank in Marion, Wis., announced Tuesday that it is expanding into central Wisconsin with a deal to buy four branches from Baylake Bank (BYLK) of Sturgeon Bay, Wis.
June 19 -
Discover has started originating mortgages after buying Tree.com's home loan unit, but executives say the lender will be slow and "sensible" about expanding the business.
June 19 -
Alliance Data Systems (ADS) in Dallas announced Tuesday that it is buying the credit card portfolio of the retailer Bon-Ton Stores.
June 19 -
BB&T, Webster and TCF announce redemption plans and other regionals are likely to follow in advance of new capital rules that take effect Jan. 1.
June 19 -
There are fewer opportunities for upward mobility, and it's likely that the bank you go to work for will soon be merged out of existence. Is this the kind of environment that attracts the best and brightest?
June 19 -
Legacy Bank in Colwich, Kan., has reached its first deal in its 126-year history with an agreement to buy Alliant Bank in Sedgwick, Kan.
June 19 -
BancAlliance , a Chevy Chase, Md., asset management firm that helps small banks team up on large commercial loans, has raised $150 million in new capital that it will use to expand its lending network.
June 19 -
To address the squeeze that regulatory, media and consumer litigation pressures are placing on collection agencies, four collection industry veterans have joined to create Credit & Collection Certifications LLC.
June 19 -
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MidSouth Bancorp (MSL) in Lafayette, La., announced Monday that it is buying two branches in Baton Rouge from rival Hancock Holding (HBHC).
June 18




