Bank stocks

Bank stocks take big hit as trade war fears escalate

08/05/19

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.

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Citi in laggard's role; EU bank CEOs have less skin in the game

07/29/19

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 than their European counterparts.

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Berkshire Hathaway's BofA stake climbs above 10% amid bank's buybacks

07/26/19

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.

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CVB Financial finds itself in need of a new leader

07/19/19

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.

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Mass. mutual planning second-step conversion

06/06/19

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

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Michigan bank raises $25 million in private placement

06/04/19

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

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Atlas' Diamond is wary of European banks, says U.S. prices too high

06/04/19

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

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Metro Bank shares post record gain as lender boosts capital

05/17/19

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.

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Mortgage snafu forces Pa. bank to disclose material weakness

05/16/19

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

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

05/15/19

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

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