News Topic: Capital
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Toronto-Dominion CEO sees buybacks as Plan B if no deals work
Stress tests show GSEs would have enough capital to cover crisis losses
State regulator group issues standards for nonbank mortgage servicers
Why these banks opted in to Fed stress tests when they didn’t have to
Banks’ robust capital mitigates risks, regulators tell Biden
Florida de novo to open in June
Congressional Bancshares to form specialty finance unit
Virginia group receives FDIC approval to open de novo
Wells Fargo invests in more Black-owned banks
Five Star Bancorp sets stage for initial public offering
FDIC approves application for Climate First Bank
Billie Jean King invests in Chicago de novo effort
The tennis legend will also serve as a strategic adviser on gender equality issues and First Women's Bank, which will be mostly owned and run by women. ]] ... Read full article
Mutuals say latest stimulus effort highlights need for capital reform
The depositor-owned banks are discouraged from participating in the Emergency Capital Investment Program because they can't issue preferred stock to back loans for underserved communities. It's another reason to overhaul their capital rules, ... Read full article
RockPoint Bank cleared to open in Tennessee
The de novo, which raised $33 million in initial capital, will become the state's third new bank since the 2008 financial crisis. ]] ... Read full article
Florida banking veteran planning de novo
Keith Costello, who is looking to form Locality Bank, was president and CEO of First Green Bank when it was sold in 2018. ]] ... Read full article
FDIC approves Florida de novo that will focus on Latino customers
Organizers of the proposed Our Community Bank have received conditional approval that requires them to raise $18 million before opening. ... Read full article
Florida money transfer company files to form digital bank
Payservices would use deposits largely to support its existing business. It has no plans to make loans. ... Read full article
Regionals aren’t rushing to repurchase shares
Comerica, Regions and KeyCorp executives say their companies will proceed with caution despite the green light from the Federal Reserve to buy back stock in case they have to cover a surge in loan growth as the economy recovers. ... Read full article
'Change in the air': Competition to serve unbanked at fever pitch
Six startups that seek to cater to Black and Hispanic consumers outside the financial mainstream are attracting heavy interest from investors. However, the new banks will vie with megabanks eyeing those same customers and with established minority-owned ... Read full article