Commercial banking

Why M&T says it can withstand lower interest rates

09/09/19

M&T has skillfully used hedges, maintained an appropriate loan mix and resisted offering market-leading deposit rates, its chief financial officer said at a financial services conference.

[more]

TD Bank seeks recruitment jump on workers who took a timeout

09/09/19

Its new training program will try to make commercial bankers out of professionals who left the workforce and want back in. It is another example of a bank getting creative in a tight job market.

[more]

Texas Capital hires Deutsche Bank escrow team

09/03/19

The Dallas bank has recruited three executives from Deutsche to establish a unit in New York that holds assets in escrow for clients.

[more]

Big-bank headcounts aren't budging

09/03/19

Pockets of job growth — in technology and compliance as well as from branch openings in new cities — are offsetting some of the dramatic cuts elsewhere at the world’s largest lenders.

[more]

TD's margins squeezed as earnings miss analysts' estimates

08/29/19

Toronto-Dominion — the Canadian bank known for fat net interest margins, the difference between what a bank charges for loans and pays for deposits — saw them narrow on both sides of the border in the fiscal third quarter.

[more]

Scotiabank's Latin America push outpaces BMO's U.S. efforts

08/27/19

Scotiabank's earnings topped analysts' estimates on a surge in profit in its international-banking division, fueled by a sharpened focus on Latin America. Bank of Montreal, meanwhile, fell short of expectations as growth was more muted at its U.S. personal-and-commercial banking division.

[more]

Ink barely dry on two deals, OceanFirst chief scouting another

08/15/19

Christopher Maher is kicking the tires on an "acquisition of size" that would propel the New Jersey bank across the $10 billion-asset mark.

[more]

Truist out to prove it can best the megabanks in tech

07/30/19

To combat the notion that regional banks’ tech offerings are inferior, the combined BB&T-SunTrust will have to go “toe-to-toe” with big banks, BB&T chief Kelly King said ahead of shareholder approval of the deal Tuesday.

[more]

Wells Fargo still in talks with BofA's Cathy Bessant as its options narrow

07/12/19

Other executives are being considered, too, but the list is dwindling as JPMorgan’s Gordon Smith and other big names are said to be out of the running. Meanwhile, senior Wells executives have pushed to keep interim CEO Allen Parker.

[more]

Pittsburgh banks brace for BofA, JPMorgan

07/10/19

PNC, which has been the city's dominant bank for decades, and other local banks could face pressure as industry heavyweights expand in the market.

[more]