Capital markets

Nonbank acquisitions pay off for Citizens


Strong mortgage and capital markets activity helped offset credit costs and one-time items in the third quarter at Citizens Financial Group. In a period of low rates, CEO Bruce Van Saun says he’d like to buy more fee-generating businesses.


TD, CIBC beat expectations with surge in capital markets


Record profits from trading and other capital markets activities helped to offset steep revenue declines in personal and business banking.


Shadow bank weaknesses forced Fed's market rescue, Quarles says


A top Federal Reserve official is issuing a warning about fast-growing and largely unregulated shadow lenders: They were a big factor in why central banks had to save markets earlier this year, and much more needs to be done to assess the risks posed by the sector.


Citigroup spins off proxy-voting startup Proxymity


The company, backed by eight major players including JPMorgan Chase and State Street, lets investors vote virtually on corporate matters — a service that has grown more popular during the coronavirus pandemic.


5 ways the coronavirus could affect home prices


The S&P CoreLogic Case-Shiller home price index hasn't yet reflected the impact of the coronavirus, but an independent market maker has some thoughts on how it might.


Banks are worried about NCUA’s new sub debt rule. Should they be?


Though the agency plans to give more credit unions authority to issue subordinated debt, limited investor appetite and other factors could hamper activity.


TD, CIBC earnings misses cap hard quarter for Canadian banks


The country's top six banks were sideswiped by rising provisions for soured loans and slumping capital markets.


RBC's profits fall amid tough times for investment banking


The decline in revenue from capital markets undercut gains in consumer banking and pushed fiscal fourth-quarter earnings below analysts’ expectations.


Payments acquisition expected to boost fee income at First Financial


The Cincinnati bank could add about $30 million a year in noninterest income with its deal for the capital markets firm Bannockburn Global Forex.


Michigan bank raises $25 million in private placement


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