The deal partners said the cost savings opportunities and international reach presented by the combination were appealing, and JPMorgan Chase said it won’t make a bid after being invited to consider an offer. ... Read full article
The $487 million deal would be OceanFirst's fourth, and largest, acquisition in its home state since 2015. ... Read full article
Michael Cleary, Santander's head of consumer and business banking, and Robert Rubino, a former executive vice president at Citizens Financial Group, will share duties while overseeing their own business units. ... Read full article
The $2.6 billion-asset parent of TBK Bank is acquiring nine branches from Independent Bank Group. ... Read full article
A headquarters move to Boston, a core system with plenty of headroom and a CEO who admires big acquirers like M&T and the old Banknorth: All the signs are there of an ambitious bank with a plan. ... Read full article
Royal Bank of Canada, the country’s second-largest lender by assets, is cutting about 450 positions, mostly at its headquarters. ... Read full article
With the first half of 2017 drawing to a close, bank executives gathered this week at the Morgan Stanley Financial Services conference to discuss their companies’ performance thus far and, more important, outline their priorities for the rest of the year ... Read full article
Fundraiser-dinner humor aside, Corbat's comments about social media highlight the fact that several big-bank CEOs don't seem to have individual Twitter accounts. ... Read full article
The American Civil Liberties Union is accusing JPMorgan Chase of violating the Civil Rights Act by discriminating against fathers when they ask for parental leave. ... Read full article
The city is booming thanks to its rising population, revitalized downtown and diverse economy, attracting bank buyers and de novo interest. ... Read full article
CEO Kelly King also did not rule out a return to bank M&A now that BB&T has completed the integration of Susquehanna Bancshares and National Penn Bancshares. ... Read full article
While banks are in various stages of development when it comes to distributed ledger technology, the industry is farther along than many would assume, big-bank technology executives say. ... Read full article
Wells Fargo, which is expanding its investment banking unit, has hired Mike Mayo to oversee U.S. large-cap bank research. ... Read full article
The new acting chief of one of Washington’s major banking regulators has agreed to stay away from issues involving dozens of former legal clients, including 14 banks that the agency oversees, according to his ethics agreement. ... Read full article
Post-crisis financial rules have made the business of project lending less profitable for commercial banks. Foreign competitors have stepped in to fill the void, but U.S. banks can carve out a niche as bond offering managers and financial advisers. ... Read full article
The San Francisco company is combining its regional and area president positions into a single role called region bank president. ... Read full article
The moves could position Christopher Gorman and Don Kimble as potential successors to CEO Beth Mooney. ... Read full article
The duties of Matt Zames, whose departure was announced Thursday, will be split up among several members of JPMorgan Chase’s operating committee. ... Read full article
The bank's new Connections Hub portal allows its commercial clients to find potential buyers and sellers of their products in other markets. ... Read full article
Stuart Scott was apprehended at the request of the American government as part of a probe into foreign-exchange-trading practices. ... Read full article
