The Japanese parent of Union Bank in San Francisco announced Tuesday that the bank's chief executive, Masashi Oka, has taken on the additional title of CEO for the Americas.

Collateralized loan obligations are gaining new life as a way for nonbanks to finance loans to midsize businesses. NXT Capital's chief financial officer, Neil Rudd, explains how in detailing a recent deal.

Less than a month after taking over a failed Maryland bank, Sonabank in McLean, Va., has unloaded the bulk of the problem loans it inherited in the deal.

ING Group's sale of its Asian asset-management arm has attracted bids from Japan's Nikko Asset Management, Australia's Macquarie Group and others, in an auction that could value the operations at about $500 million.

Experts quizzed by the U.K. government's Treasury Select Committee warned that it could take years for Royal Bank of Scotland Group PLC (RBS) to be fully privatized, as the government tries to balance getting a fair price for its stake while also enticing a suitable buyer.

Institutional Shareholder Service backs the Renton, Wash., company's director nominees. Dissident shareholder Joseph Stilwell is trying to get his general counsel added to the board.

A breakdown of M&A announcements for the week ended May 12.

Sometimes there are more ways to pay for a bank than in cash or stock. Just ask Citizens South, which extracted job protections and a charitable donation for its local community before agreeing to sell to Park Sterling.

Both sides of a bank deal need to meet with their regulators well ahead of announcing it in today's complicated world.

The investment group Castine Capital Management has been sharply reducing its ownership stake in First California Financial Group (FCAL) even as it has been pressuring the company to sell itself.

As acquisition financing deals pick up, big banks are seeing a growing number of opportunities to sponsor loans to corporate borrowers.

Park Sterling Corporation in Charlotte, N.C., announced Monday that it is buying Citizens South Bank in Gastonia, N.C., in a deal that would instantly double its size.

After putting its initial public offering plans on ice, Customers Bancorp in Wyomissing, Pa., has placed $270 million of its investment portfolio on the auction block.

The pace of consolidation among financial technology firms is likely to pick up as more and more banks look to trim overhead by combining services with fewer vendors.

First California Financial Group's decision to turn down a buyout offer from PacWest Bancorp (PACW) has angered at least one of the company's largest shareholders.

Past rallies in issuance of leveraged loans for mergers and acquisitions or leveraged buyouts have sputtered before, but macroeconomic factors are expected to keep investors bullish this time.

Many banks reported strong loan production in the first quarter, but most bankers acknowledged that overall loan demand remains tepid and that the activity is largely a result of stealing business from rival banks.

"There's a lot of frustration" among retailers, says Bill Johnson, who runs the Citigroup unit that issues store cards. "They're worried about who owns the data, who owns the [customer] relationship."

Encore Bancshares (EBTX) in Houston announced Thursday that its shareholders have approved its pending sale to Cadence Bancorp.

Debt buyer Encore Capital Group Inc. reported Wednesday large increases in revenue and cash collections but a decline in net income for the first quarter ended March 31.