Joseph Otting, New York Community Bancorp’s recently installed CEO, described a March 6 capital raise of $1.05 billion as the best decision for investors. “If the capital raise…
Read more NYCB’s new leaders face skeptical shareholders in wake of turmoilU.S. Bancorp in Minneapolis has promoted two longtime executives into expanded roles leading two areas of the company’s wealth, corporate, commercial and institutional banking division. Stephen Philipson and…
Read more U.S. Bancorp splits new president’s former duties between two executivesEarlier this month, Eagle Bancorp in Bethesda, Maryland, filed a shelf registration statement that would allow it to raise up to $150 million. Eagle Bancorp in Bethesda, Maryland,…
Read more Eagle in Maryland gains ‘flexibility’ to raise capital after lossFor years, both Fifth Third and Huntington have been eyeing growth opportunities outside of their home bases in the Midwest.Bloomberg Higher-for-longer interest rates are dampening commercial loan demand…
Read more Ohio banks say ‘Howdy’ to commercial loan opportunities in TexasJamie Dimon is chairman and CEO at JPMorgan Chase, while David Solomon holds those same two roles at Goldman Sachs, as does Brian Moynihan at Bank of America.…
Read more This bank governance reform idea failed before. Will now be different?Enjoy complimentary access to top ideas and insights — selected by our editors. Goldman Sachs announced it would sell GreenSky last fall as part of its efforts to…
Read more Goldman closes GreenSky sale, and Synovus sees an edgeEnjoy complimentary access to top ideas and insights — selected by our editors. Truist is selling Sterling Capital Management, which had $76 billion of assets under management at…
Read more Truist keeps downsizing with deal to sell asset-management businessEnjoy complimentary access to top ideas and insights — selected by our editors. Bank of America said Monday that it will need to “de-designate” interest-rate swaps and reclassify…
Read more Bank of America takes temporary $1.6B hit over use of short-lived rateEnjoy complimentary access to top ideas and insights — selected by our editors. HSBC is adding a new app to attract non-bank customers to cross-border payments.Hollie Adams/Bloomberg As…
Read more HSBC takes aim at Revolut and WiseEnjoy complimentary access to top ideas and insights — selected by our editors. Blue Ridge Bank, based in Charlottesville, Virginia, and founded in the shadow of the Blue…
Read more Blue Ridge Bank begins offboarding at least a dozen fintech partnersEnjoy complimentary access to top ideas and insights — selected by our editors. Capital One is seeking the dismissal of a lawsuit filed by customers who received relatively…
Read more Capital One seeks dismissal of lawsuit brought by disgruntled saversDespite some criticism, M&T in Buffalo is continuing its cautious capital strategy, extending a pause on share buybacks until economic conditions strengthen, CFO Daryl Bible said Wednesday., Adobe…
Read more As capital regulations loom, M&T continues pause on share buybacksAn Atlantic Union branch in Fredericksburg, Virginia. The $20.6 billion-asset company recently struck a deal to sell and lease back 25 of its 109 branches. Atlantic Union put…
Read more More sale-leasebacks predicted for banks after Atlantic Union dealWells Fargo overcharged nearly 11,000 accounts about $26.8 million in advisory fees from 2002 to 2022, the SEC said. The problem was said to have begun at Wachovia…
Read more Wells Fargo-SEC settlement on advisory fees underscores M&A challenges“It’s not something that is pretty easy to overcome,” Regions CFO David Turner says of possible upcoming capital requirements tied to the Basel III endgame. “We don’t think…
Read more Regions Financial says possible capital hike would be manageable
