News Topic: Bank stocks

The move adds heft to the blockchain-based Interbank Information Network; many of those terminated in the phony accounts scandal say they’ve been blacklisted. ... Read full article

Falling stock prices and concerns about the health of the economy are depressing deal activity. ... Read full article

The bank elevated three senior executives who could be possible successors to CEO Sergio Ermotti; the move to a new rate benchmark won’t trigger a “tax event.” ... Read full article

While bank stocks flounder, their bonds are seen as a haven against a possible recession; the senator asks bank about overdraft fees on closed accounts. ... Read full article

Analysts and big investors say they cannot advocate buying more shares until the bank installs a leader with the authority to lay out a plan for the future. However, speculation about potential candidates has quieted. ... Read full article

The president discussed the recent market turmoil with three large bank CEOs; a daily and a monthly bitcoin contract expected next month. ... Read full article

The former Amazon employee got info from 30 other entities, prosecutors say; another bad day for bank stocks, with 3% losses typical. ... Read full article

People’s United offered 30% more in the summer of 2018 for United Financial than it agreed to pay in a deal announced last month. What followed the initial talks is a textbook lesson in the impact of indecision and the unexpected in bank M&A. ... Read full article

Bank shares are down more than 9% this month; the Fed has never imposed the countercyclical capital buffer before. ... Read full article

China's decision to stop buying U.S. soybeans and let its currency depreciate raised the prospect of further interest rate cuts. That hurt banks slightly more than the rest of the market on what was a bad day for all equities. ... Read full article

Citigroup's made some strides after the battering its share price took last year, but it still trails JPMorgan Chase and Bank of America; chiefs at the top U.S. global banks own on average more than 15 times the amount of their own firm's stock ... Read full article

The conglomerate run by Warren Buffett has tried in the past to keep its holdings below the 10% threshold in order to avoid heightened regulatory scrutiny. ... Read full article

Christopher Myers will retire as president and chief executive of CVB next spring, and the California bank says it will hire a search firm to begin seeking his replacement. ... Read full article

Provident Bancorp, one of the nation's oldest active banks, is setting the stage to become a fully stock-owned company. ... Read full article

The former Barclays CEO turned bank investor said he sees more opportunity in smaller, newer banks. ... Read full article

Northpointe Bancshares sold stock to an affiliate of Castle Creek Capital. ... Read full article

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 ... Read full article

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