M&A
M&A
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Greek mythology. Steve Martin movies. Clever use of the word "compost." CEO Ed Wehmer uses whatever he can to make his points to analysts.
January 24 -
Cost-cutting is ahead of schedule at KeyCorp, CEO Beth Mooney said. But analysts asked whether the Cleveland bank is doing enough.
January 24 -
TD Bank has turned a huge campus in Greenville, S.C., that it inherited from South Financial into a showpiece and home for several business units.
January 24 -
Philip Wenger believes Fulton Financial is well-positioned to court small businesses and consumers, though he is open to acquisitions to help the Pennsylvania company expand.
January 24 -
Royal Bank of Canada isn't giving up on U.S. consumer banking even after Canada's largest lender took a $1.57 billion writedown on the sale of its money-losing U.S. bank.
January 24 -
Wells Fargo is expanding its staff in Georgia by about 3%.
January 24 -
Hanmi Financial in Los Angeles reported strong quarterly results Thursday as it continues to explore a possible sale or merger.
January 24 - PSO content
In Scott Township, near Scranton, Pa., sewer authority board members this week agreed to hire debt collection firm Portnoff Law Associates LTD to collect an estimated $133,000 in delinquencies.
January 24 - PSO content
The FTC has long accused banks of contributing to problems in documents collectors use to support demands that consumers repay card debts. But a lack of jurisdiction over banks meant its concerns had little weight.
January 24 -
Two dozen former mutual thrifts, including OmniAmerican, have reached or are nearing the end of a three-year ban from selling themselves. Let the M&A chatter begin.
January 23 -
Conversion activity has declined in recent years, though some observers believe mutual thrifts could find market conditions more accommodating in coming months.
January 23 -
Citigroup's private wealth management division has agreed to sell a trust bank subsidiary to Reliance Financial in Atlanta.
January 23 -
Management expressed frustration about expense control during a conference call to discuss quarterly earnings.
January 23 -
Require megabanks to pay their stealth subsidies into a reserve available only to creditors and the FDIC. Market discipline will do the rest, as shareholders demand that the banks shrink.
January 23 -
Wintrust Financial (WTFC) announced another small acquisition to expand its operations in Illinois, saying it would buy First Lansing Bancorp, which has seven branches, $370 million in assets and $325 million in deposits.
January 23 -
The industry trade association released the results from its simulation of an "orderly" Dodd-Frank wind-down, as well as a paper endorsing the FDIC's resolution approach.
January 22 -
Naftali Bennett, co-founder of security firm Cyota, heads the Jewish Home Party slate in Israel's parliamentary elections.
January 22





