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News Stories (71 Results) - Banking News

Bank of America announced that Berkshire Hathaway Inc. exercised its warrants to purchase 700 million shares of Bank of America common stock using the Series T preferred shares Berkshire Hathaway acquired through its investment in Bank of America in... Read Story

September 01, 2017, 08:01 AM

Increased issuance of asset-backed securities (ABS) by U.S. banks and nonbank financial institutions (NBFIs) could affect some issuers' credit profiles if it leads to a sustained increase in secured wholesale funding sources, says Fitch Ratings.... Read Story

August 09, 2017, 07:17 AM

Pacific Western Bank (PWB) has launched a Tax-Exempt Lending Group to focus on the capital needs of municipalities, schools and school districts, non-profits and other issuers of tax-exempt debt. This group will add to the bank’s already diverse... Read Story

February 15, 2017, 07:31 AM

Citizens Bank announced that Citizens Commercial Banking is partnering with Opportunity Network to offer Citizens’ clients access to an innovative business-to-business networking platform designed to promote growth by connecting business owners to a... Read Story

February 08, 2017, 07:01 AM

Citizens Bank announced that it will offer digital lending capabilities to small business customers through a collaboration with Fundation Group LLC, a leading digitally-enabled lender and credit solutions provider to regional and community banks.... Read Story

December 21, 2016, 07:33 AM

From the fourth quarter Phoenix Management "Lending Climate in America" Survey, results shows a positive outlook on the U.S. economy in both the near and long term. Lenders confidence on how they expect the U.S. economy to perform beyond the next 6... Read Story

December 19, 2016, 08:00 AM

Opus Bank announced that Frederic Stupart has joined Opus’ Merchant Banking division and Opus Financial Partners, the Bank’s broker-dealer subsidiary, as Managing Director, Financial Sponsors Group. Stupart, an investment banking and private equity... Read Story

December 06, 2016, 07:22 AM

Wells Fargo announced that it has tapped John Ritacco as an executive advisor for Middle Market Banking in greater New York.Ritacco, retired president and chief executive officer of the former CMS Bancorp, Inc., which was recently acquired by PCSB... Read Story

December 05, 2016, 07:31 AM

The October 2016 Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the past three months. This summary discusses the... Read Story

November 14, 2016, 07:46 AM

TD Bank Group announced that Mike Pedersen, President and Chief Executive Officer of TD Bank, has informed the Bank of his intention to retire in the summer of 2017. TD has named Greg Braca, current Head of Corporate and Specialty Banking, as Chief... Read Story

October 28, 2016, 07:53 AM

First Tennessee Bank is expanding its focus on businesses with specialized banking needs by hiring bankers with extensive experience in four areas: franchise finance, healthcare finance, music industry banking and structured equipment finance. By... Read Story

October 19, 2016, 07:56 AM

Wells Fargo & Company announced that Chairman and Chief Executive Officer John Stumpf has informed the Company’s Board of Directors that he is retiring from the Company and the Board, effective immediately. The Board has elected Tim Sloan, the... Read Story

October 13, 2016, 07:37 AM

GA Europe, a leading retail restructuring specialist and a division of Great American Group (GA), has assumed control of significant assets of the Dutch plus size retailer, MS Mode Nederland B.V., which filed for insolvency on August 11th. GA Europe... Read Story

October 11, 2016, 07:22 AM

SS&C Technologies Holdings, Inc., a global provider of financial services software and software-enabled services, released a study that reveals a disconnect among the banking sector’s readiness for Current Expected Credit Loss (CECL). According to... Read Story

October 06, 2016, 07:12 AM

First Financial Bancorp, parent company of First Financial Bank, N.A. is positioning itself for continued growth with the announcement of senior leadership changes in alignment with the company's strategic initiatives.To accelerate execution, First... Read Story

September 08, 2016, 06:53 AM

MB Financial, Inc., the parent company of MB Financial Bank, N.A., announced it has completed its merger with American Chartered Bancorp, Inc. (“American Chartered”), and its wholly owned bank subsidiary,  American Chartered Bank has been merged into... Read Story

August 25, 2016, 07:09 AM

The FASB's new standard on accounting for credit losses on financial instruments will affect US banks' reserving practices, says Fitch Ratings. However, it will be manageable as banks have adequate time to prepare for implementation.The new standard... Read Story

July 21, 2016, 07:38 AM

CIBC announced that it has entered into a definitive agreement to acquire PrivateBancorp, Inc. and its subsidiary, The PrivateBank, a high-quality Chicago-based middle market commercial bank with U.S.$17.7 billion in assets, complemented by private... Read Story

June 30, 2016, 07:52 AM

Twelve percent of banking CEOs surveyed say they do not have insight into whether their institution’s security has been compromised by a cyber attack in the past two years, according to KPMG, the audit, tax and advisory firm. KPMG’s 2016 Banking... Read Story

June 07, 2016, 07:29 AM

Opus Bank announced that Michael L. Allison was elected to Opus’ Board of Directors at the Bank’s 2016 Annual Meeting of Shareholders held on Thursday, April 28, 2016. Allison joined Opus in August of 2011 and serves as Co-President and President of... Read Story

May 02, 2016, 08:06 AM

The online alternative finance market, including crowdfunding and peer-to-peer lending, is exploding in the U.S., generating more than $36 billion in funding in 2015, up from $11 billion in 2014, according to a new report published by KPMG, the... Read Story

April 12, 2016, 08:07 AM

First Niagara Financial Group and KeyCorp announced that each company’s shareholders voted in favor of the merger between the two companies. Shareholders approved the merger during special meetings held today in Buffalo, NY by First Niagara and... Read Story

March 24, 2016, 07:30 AM

Wells Fargo announced that Thomas (Tom) DuCharme has been named the new head of its Global Banking division. In his role, DuCharme will manage the sales and product development for Wells Fargo’s Global Banking operations. He is based in New York and... Read Story

March 18, 2016, 08:06 AM

First Community Financial Partners, Inc., the parent company of First Community Financial Bank announced the hiring of an experienced commercial banking team.  The five-person team of seasoned banking professionals will focus on serving the needs of... Read Story

March 07, 2016, 08:03 AM

Fortune magazine named U.S. Bancorp the most admired superregional bank today, the sixth consecutive year that it has topped the list.“Integrity and ethics are fundamental to how we do business," said Richard Davis, chairman and chief executive... Read Story

February 22, 2016, 07:42 AM

Huntington Bancshares Incorporated and FirstMerit Corporation jointly announced  the signing of a definitive merger agreement under which Ohio-based FirstMerit Corporation, the parent company of FirstMerit Bank, will merge into Huntington in a stock... Read Story

January 26, 2016, 07:30 AM

KeyCorp announced today that they have entered into a definitive agreement under which KeyCorp will acquire First Niagara in a cash and stock transaction for total consideration valued at approximately $4.1 billion.First Niagara, headquartered in... Read Story

October 30, 2015, 08:03 AM

Cascade Bancorp, the holding company for Bank of the Cascades, announced the hiring of a commercial banking team in the Seattle Metro Area led by veteran banker Brandon Elieff who brings over 15 years of experience in middle market C&I and business... Read Story

October 13, 2015, 07:31 AM

The Biz2Credit August Small Business Lending Index dropped by 0.1 points for big and small banks, an indication that the SBA budget scare effected growth in loan demand. Another key finding of the monthly analysis of 1,000 loan applications from... Read Story

September 10, 2015, 07:56 AM

Chinese banks, especially mid-tier lenders, are likely to continue facing profitability and capitalisation pressures in the near term, says Fitch Ratings. Fitch expects that the macroeconomic slowdown will continue to result in weakening asset... Read Story

September 08, 2015, 07:31 AM

GE announced an agreement to sell GE Capital Bank’s U.S. online deposit platform along with all deposits of GE Capital Bank, including online savings accounts, online CDs and brokered CDs, to Goldman Sachs Bank USA (“GS Bank”). Under this agreement... Read Story

August 14, 2015, 07:52 AM

The Federal Reserve Board on Monday approved a final rule requiring the largest, most systemically important U.S. bank holding companies to further strengthen their capital positions. Under the rule, a firm that is identified as a global systemically... Read Story

July 21, 2015, 07:56 AM

Small business loan approval rates at big banks and institutional lenders continue to improve, attaining new post-recession highs in March 2015, according to the Biz2Credit Small Business Lending Index, the monthly analysis of 1,000 loan applications... Read Story

April 14, 2015, 07:23 AM

The Independent Community Bankers of America® (ICBA) told Congress that excessive financial regulations have crossed a line by harming the customers they are supposed to protect. By cutting off access to credit to creditworthy borrowers, regulatory... Read Story

March 23, 2015, 07:16 AM

Fitch Ratings noted the Mar. 5 release of the Dodd-Frank Act Stress Test (DFAST) results showed all 31 U.S. bank holding companies passing minimum capital ratio requirements, demonstrating very modest improvements in projected loan losses and mostly... Read Story

March 09, 2015, 08:04 AM

Triumph Bancorp, Inc. announced that it, through its wholly owned subsidiary Triumph Capital Advisors, LLC, has acquired all the equity of Doral Money, Inc. and certain related assets in connection with the Federal Deposit Insurance Corporation's... Read Story

March 04, 2015, 07:16 AM

U.S. banks with higher exposures to the energy sector should withstand the recent declines in energy prices over the near-term, says Fitch Ratings. The ultimate impact will be driven by the duration and severity of price declines, as well as the... Read Story

January 19, 2015, 07:46 AM

Signature Bank, a New York-based full-service commercial bank, announced today that it was named the best bank in America by Forbes in the publication’s annual list of America’s Best and Worst Banks 2015. Signature Bank has consistently appeared on... Read Story

January 06, 2015, 07:15 AM

The credit quality of large loan commitments owned by U.S. banking organizations, foreign banking organizations (FBOs), and nonbanks is generally unchanged in 2014 from the prior year, federal banking agencies said Friday. In a supplemental report... Read Story

November 11, 2014, 07:25 AM

Faced with losing market share to non-traditional competitors, senior bank executives say they are squarely focused on improving the customer experience and transforming their businesses at the strategic, operational and structural level, according... Read Story

July 30, 2014, 07:14 AM

Citigroup announced that it has reached an agreement to settle the ongoing investigation of the Residential Mortgage-Backed Securities (RMBS) Working Group, part of the Financial Fraud Enforcement Task Force. The agreement resolves actual and... Read Story

July 15, 2014, 07:08 AM

Big banks are now approving one-in-five small business loan applications, a post-recession high, according to the Biz2Credit Small Business Lending Index, the monthly analysis of 1,000 loan applications on Biz2Credit.com for June 2014. Meanwhile... Read Story

July 09, 2014, 07:42 AM

The Federal Deposit Insurance Corporation (FDIC) released a research study on long-term consolidation in banking and the implications of this trend for community banks. Drawing from data over the last thirty years, the paper finds that community... Read Story

April 14, 2014, 07:36 AM

A shift by U.S. banks to increase the proportion of securities classified as held-to-maturity (HTM) likely signals an attempt to reduce capital volatility, especially during periods of rising interest rates, according to Fitch Ratings. Banks will... Read Story

March 19, 2014, 07:51 AM

Center Bancorp, Inc. and ConnectOne Bancorp, Inc. jointly announced that they have entered into a definitive agreement to merge, in a transaction valued at $243 million, based on the closing price of Center common stock on January 17, 2014.Based on... Read Story

January 21, 2014, 07:44 AM

Small business loan approval rates at big banks ($10 billion+ in assets) increased to an all-time index high of 17.6% in December 2013 from 17.4% in November, according to the Biz2Credit Small Business Lending Index, a monthly analysis of 1,000 loan... Read Story

January 09, 2014, 07:44 AM

Fannie Mae has reached a $591 million agreement with Wells Fargo to resolve repurchase requests on certain loans originated prior to 2009.  After adjustments for prior repurchases, Wells Fargo will pay Fannie Mae $541 million in the fourth quarter of... Read Story

December 31, 2013, 07:32 AM

The Independent Community Bankers of America (ICBA) said it remains deeply concerned with Volcker Rule provisions requiring banks to permanently write down their holdings of collateralized debt obligations (CDOs) backed by trust-preferred securities... Read Story

December 30, 2013, 07:24 AM

The October 2013 Senior Loan Officer Opinion Survey on Bank Lending Practices addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the past three months. Domestic banks, on balance, reported... Read Story

November 18, 2013, 08:00 AM

The proposed U.S. rule covering minimum liquidity requirements for large banks would enforce a tougher standard than the Basel III international framework outlined in January. Fitch Ratings sees the proposed U.S. rule as generally positive for bank... Read Story

October 28, 2013, 07:56 AM

From the first quarter Phoenix Management “Lending Climate in America” Survey, results show that lenders have shifted lending expectations from negative to positive. When asked about domestic lending, 48% of lenders feel that it will increase in the... Read Story

October 24, 2013, 08:03 AM

An inter-agency review of complex loans commonly held by multiple U.S. and foreign financial institutions indicates that improvements in asset quality have stalled year-over-year and underwriting standards have diminished post-crisis, highlighting... Read Story

October 15, 2013, 07:21 AM

Moody's Investors Service has placed the senior and subordinated debt ratings of the holding companies for the six largest US banks on review as it considers reducing its government (or systemic) support assumptions to reflect the impact of US bank... Read Story

August 23, 2013, 08:01 AM

Plaza Bank, based in Irvine, CA, announced recent additions to its team which include Eric Fenmore as vice president in its asset-based lending group. Other appointments include Sally K. Myers, who has nearly two decades of risk management in... Read Story

July 16, 2013, 07:24 AM

Reuters reported that U.S. banks have given a proposal to federal regulators on how to pay for restructuring the country's too-big-to-fail institutions in the event of a future crisis, the Wall Street Journal reported, citing people familiar with the... Read Story

June 24, 2013, 07:16 AM

Competitive pricing and easier terms offered by U.S. banks on commercial and industrial (C&I) loans likely signal weakening asset quality for many commercial lenders, according to Fitch. Fitch expects some deterioration in C&I credit quality... Read Story

May 31, 2013, 07:29 AM

Small business loan approvals improved to an all-time index high of 16.8% at big banks, according to the Biz2Credit Small Business Lending Index, a monthly analysis of 1,000 loan applications on Biz2Credit.com. Lending approvals jumped in April after... Read Story

May 10, 2013, 07:31 AM

According to Fitch Ratings, approval of a Financial Accounting Standards Board (FASB) proposal on the treatment of credit losses for loans and other financial assets could eventually force U.S. banks to book expected losses early, putting pressure on... Read Story

March 14, 2013, 08:03 AM

According to Bloomberg, the Federal Reserve said 17 of the 18 largest U.S. banks could withstand a deep recession and maintain capital above a regulatory minimum. According to the report, only Ally Financial Inc., the auto lender majority-owned by U... Read Story

March 08, 2013, 07:16 AM

Tentative signs of a pickup in large leveraged buyout and M&A transactions, financed in large part by leveraged loans, may boost fee revenues for major U.S. banks in the first quarter, but Fitch sees the potential for any sustained rise in deal... Read Story

March 06, 2013, 07:31 AM

Bloomberg reported the biggest U.S. banks including JPMorgan Chase & Co. and Citigroup Inc. are lending the smallest portion of their deposits in five years. The reports cites data compiled by Credit Suisse Group AG which shows the average... Read Story

February 21, 2013, 08:04 AM

U.S. banks holding large levels of nonperforming assets (NPAs) on their balance sheets are likely to pursue more bulk sales of distressed loans this year and next, according to Fitch Ratings. Four years after non-accruals began to spike during the... Read Story

February 13, 2013, 07:19 AM

Fifth Third Bank announced that it has extended more than $13 billion in new and renewed credit to business customers from October through December 2012. During 2012, Fifth Third Bank lent nearly $34 billion to businesses throughout its footprint.... Read Story

January 21, 2013, 08:15 AM

According to Fitch Ratings, the agreement by regulators to change the definitions and stress assumptions in the Liquidity Coverage Ratio (LCR), delay its full implementation and allow banks to use their liquidity buffer in times of stress sets a more... Read Story

January 10, 2013, 07:10 AM

Bloomberg reported global central bank chiefs gave lenders four more years to meet international liquidity requirements and watered down the measures in a bid to stave off another credit crunch. According to the report, banks won the delay to fully... Read Story

January 07, 2013, 07:18 AM

According to a Bloomberg report, banks’ loan-loss reserves may jump 50% under a proposed U.S. accounting-rule change that redefines how quickly firms must recognize bad debts, standard-setters said. The report outlines how the proposed rule pushes... Read Story

December 21, 2012, 07:14 AM

The Independent Community Bankers of America (ICBA) thanked the Federal Deposit Insurance Corp. for releasing the results of its comprehensive study on the community banking industry. The study reemphasizes the importance of community banks to the... Read Story

December 19, 2012, 07:46 AM

The Federal Reserve Board has proposed rules to strengthen the oversight of U.S. operations of foreign banks. The proposal would require foreign banking organizations with a significant U.S. presence to create an intermediate holding company over... Read Story

December 17, 2012, 07:43 AM

The Federal Reserve's 2013 stress test scenarios for U.S. banks, which include a slowdown in Asia's developing economies on top of severe U.S. and euro zone recessions, are still as tough as last year, according to Fitch Ratings. However, we believe... Read Story

November 19, 2012, 07:08 AM

According to a news release from Fitch Ratings, the firm believes that loan loss reserve releases by U.S. banks will continue, albeit at a declining pace as banks begin to approach normalized provisioning and net chargeoffs After building up reserves... Read Story

November 15, 2012, 07:16 AM

After being rigged by some of the world’s biggest financial institutions, the London interbank offered rate, the benchmark for more than $300 trillion of securities and loans, is now increasingly being set by a smaller group of banks.Bank of America... Read Story

October 08, 2012, 08:00 AM