Bank stocks

Metro Bank shares post record gain as lender boosts capital


Vernon Hill's U.K. bank sold $479 million of new stock and issued fresh details about its turnaround efforts. Those included plans to cease its controversial practice of purchasing design and branding services from a business owned by Hill's wife.


Mortgage snafu forces Pa. bank to disclose material weakness


Meridian Corp. may have breached sales agreements after originating nearly $100 million in loans in a state where it lacked a license.


A ‘crisis of confidence’ at Vernon Hill’s U.K. bank


As Metro Bank’s problems mount, calls for Hill’s ouster as chairman are getting louder.


Metro Bank shares plunge despite fundraising progress


The London bank, founded by American entrepreneur Vernon Hill, has lost three-fourths of its market value since British regulators found that some of Metro’s mortgages were given the wrong risk weighting.


Pathfinder in New York raises $21 million


The company said it could use proceeds from selling common and preferred stock to increase lending and add branches.


Big gains, but warning signs: The top 200 publicly traded community banks


Profitability improved significantly last year for banks with less than $2 billion of assets, but not because of anything they did. Some troubling trends lurk beneath those big gains too.


Wall Street's political largesse; Banks had a good April


Political contributions from Wall Street rose, but did they influence policy?; bank stocks post biggest monthly gain since President Trump was elected.


Synovus struggles to win back investors despite early success integrating FCB


CEO Kessell Stelling said he thinks about Synovus' depressed stock price daily, even though his team is ahead of schedule cutting costs from a deal that closed in January.


Red River in Louisiana plans $30M initial public offering


The company could use its share of proceeds from the IPO to repay debt and pursue bank acquisitions.


United Bancorp. of Alabama raises $26 million


The company plans to use the new capital to pursue growth opportunities.