M&A
M&A
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A big gain in servicing fees propelled Ocwen Financial (OCN) in the fourth quarter. Earnings at the Atlanta mortgage servicer rose to $65.1 million, compared with $9.7 million a year earlier.
February 28 -
The deal-hungry Independent Bank Group in Mckinney, Texas, is planning to raise up to $92 million through an initial public offering.
February 28 -
The head of Toronto-Dominion Bank (TD) said Thursday that he is not interested in buying Royal Bank of Scotland's U.S. operations.
February 28 -
Some think the Minnesota bank would be hard to sell, but if William Cooper got a deal done, he could make nearly $16 million.
February 28 -
Emigrant Bank in New York has received regulatory approval to sell branches to Apple Bank for Savings.
February 28 -
This week, the most senior JPMorgan Chase (JPM) executives spent six hours airing their plans for growth and retrenchment. Here are some of the strategies Chief Executive Jamie Dimon and his top lieutenants discussed.
February 28 -
Are regulatory rules meant to make big banks safer instead doing more to shield them from competition from smaller players?
February 28 -
Royal Bank of Canada, Canadian Imperial Bank of Commerce and Toronto-Dominion Bank reported first-quarter profits that topped analysts' estimates on record earnings from personal and commercial lending.
February 28 -
Royal Bank of Scotland Group (RBS) will sell a 25% stake in its Citizens Financial Group unit in the U.S. and shrink its investment bank to boost capital, the British bank said Thursday.
February 28 -
The well-connected consulting firm has hired Joe Petro, a former Secret Service agent who ran Citigroup's security and investigative services for 20 years. Citi has replaced him with Brian Parr, another prominent agency veteran.
February 27 -
Organic loan growth and expense control are the top priorities at F.N.B. and People's United, but their CEOs also eager to accelerate expansion in markets where they are relative newcomers.
February 27 -
Healthier sellers are searching for growth partners instead of saviors, and buyers seeking greater density in their current markets are ready to oblige.
February 27 -
Large banks have been relatively inactive in the market for targets with less than $2 billion of assets, once a staple.
February 27 -
Louisiana Bancorp (LABC) in Metairie has wound up one stock buyback program and is beginning another.
February 27 - PSO content
A federal appeals court voided a $5.2 million settlement intended to resolve allegations that Encore Capital Group Inc. used false affidavits and other illegal tactics to collect debts.
February 27 -
JPMorgan Chase on Tuesday convened its top executives to discuss its growth strategies. Expansion will be hard as it cuts 17,000 jobs over two years, wrestles with new regulations and rethinks branching.
February 26 -
Bond Street announced Tuesday it would acquire Atlantic Coast Financial for roughly $13 million in cash, but 40% of the consideration is being set aside to handle any potential shareholder suits.
February 26 -
Oriental Financial Group (OFG) in San Juan, Puerto Rico, hopes a new name will reflect a recent expansion.
February 26 -
First Scottsdale Bank in Arizona is buying a larger lender in Tucson, the Phoenix Business Journal reported Tuesday.
February 26 -
Standard Bancshares in Hickory Hills, Ill., has completed a capital raise from private-equity firms and named two directors.
February 26




