M&A
M&A
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Memphis bank's Jordan discusses how he will balance the two roles starting Jan. 1, distinguishes First Horizon's new debit fees from Bank of America's and sets sights on possible deals.
October 20 -
Capital One Financial reported a small increase in third-quarter profit Thursday as the bank's loan writeoffs and delinquencies continued to fall.
October 20 -
Ahead of an expected wave of corporate asset sales and capital raises, Sandler O'Neill & Partners has hired a team of investment bankers adept at advising troubled companies.
October 20 -
The price First Financial paid to acquire Freestar is likely to encourage more prospective sellers.
October 20 -
First Niagara Financial Group Inc. on Thursday reported third-quarter earnings that were weighed down by more than $16 million in costs from closing former Harleysville National Corp. branches in Pennsylvania.
October 20 -
Iberiabank Corp. has agreed to pay $2.5 million to settle claims the Lafayette, La., company illegally charged customers excessive overdraft fees.
October 20 -
M&T and Comerica defended the deal-related charges that hurt their third-quarter earnings, saying future fees and new business will make the costs a distant memory. PNC says its deals will pay off quickly, too.
October 19 -
Bank of America Corp., once the nation's largest residential mortgage lender, has dropped to third place, defeating the original purpose of its ill-fated takeover of Countrywide Financial Corp.
October 19 -
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FNB United Corp.'s private-equity led buyout of a rival bank cleared another key hurdle after FNB's shareholders approved the acquisition of Bank of Granite Corp.
October 19 -
TD Retail Card Services in Mahwah, N.J., said on Wednesday that it will develop and administer a private-label credit card program for retailer Ashley Furniture Industries Inc.
October 19 -
M&T Bank Corp.'s third-quarter earnings fell 4.6% on merger-related charges as the regional bank continued to reduce the amount of loans written off.
October 19 -
PNC Financial Services Group Inc.'s third-quarter profit slipped 25% absent a big year-earlier acquisition gain, though revenue also dropped slightly as both noninterest and net interest income dipped from a year earlier.
October 19 -
Comerica Inc.'s third-quarter earnings rose 66% after an acquisition helped add $2 billion of loans to the financial-services company's portfolio.
October 19 -
The bank has little choice but to shrink itself through asset sales and layoffs, but the process is slow, demoralizing and no answer to future growth.
October 18 -
State Street Corp. reported a 1.6% increase in third-quarter profit as well as an interest in making acquisitions in Europe and buying back more of its stock.
October 18 -
Deutsche Bank says it isn't suffering from "buyer's remorse" on its $2.4 billion in Lehman Brothers Holdings bankruptcy claims and is accusing Lehman of making a "newfound interpretation" of its own creditor-payback plan that could diminish how much it and others recover.
October 18 -
Bank of America CEO Brian Moynihan urged investors to look beyond the bank's poor immediate condition to what he called the "massive strategic repositioning of our franchise."
October 18





