A 'transformational' merger, three years in the making
Mechanics Bank was close to buying Rabobank's U.S. unit last year, but pressed pause when the seller ran into serious legal troubles. ... Read full article
Mechanics Bank was close to buying Rabobank's U.S. unit last year, but pressed pause when the seller ran into serious legal troubles. ... Read full article
On Dec. 31, 2018. Dollars in thousands. ... Read full article
The small Wisconsin city features a vibrant economy, low employment and a growing population, but banks that want to buy their way into the market have their work cut out. ... Read full article
A new line of inquiry into President Trump's business dealings is thrusting small New Jersey lender Investors Bancorp into a spotlight with Deutsche Bank, which for years has been better known as the real estate mogul's creditor of choice. ... Read full article
On Sep. 30, 2018. Dollars in thousands. ... Read full article
The answer depends who you ask, but an analysis of deposit and loan trends offers some insight. ... Read full article
Neptune Financial, an online business lender, will help the global bank reach commercial customers it was missing before and could ultimately be a $1.5 trillion opportunity, an HSBC executive says. ... Read full article
The company also said at its investor day that the fourth-quarter slowdown in trading activity has continued into the new year. ... Read full article
Consumer lending margins in the United States strengthened at the Canadian bank, which overall saw more growth in business lending than consumer lines in its fiscal first quarter. ... Read full article
Banks earned $59.1 billion in the fourth quarter, a 133% year-over-year increase, due to a one-time charge in the year-earlier quarter and a lower effective tax rate throughout 2018. ... Read full article
Amid widespread concern about their exposure to leveraged lending, the debt rating agency says banks have sufficient earnings and capital cushions to continue investing in the sector. ... Read full article
Credit card issuers would have to set aside more in reserves because of higher loss histories, according to research by Keefe, Bruyette & Woods on the impact of the new loan-loss standard. ... Read full article
Recent data from the Federal Reserve suggests lenders are growing pessimistic about the credit environment. But is that a sign of trouble ahead, or just sound risk management? ... Read full article
A group of state regulators has signed off on 14 recommendations, developed by the fintech industry, aimed at streamlining multistate licensing and supervision. ... Read full article
Banks and credit unions are experimenting with ways to maximize margins in an environment where the yield curve is flat, depositors want them to pay up and they fear the Fed could actually cut rates. ... Read full article
On Sep. 30, 2018. Dollars in thousands. ... Read full article
Major U.S. banks shaved about $21 billion from their tax bills last year — almost double the IRS’s annual budget — as the industry benefited more than many others from the Republican tax overhaul. ... Read full article
Senior loan officers also expect decline in loan performance; meeting termed "cordial and collegial." ... Read full article
Banks spend heavily on marketing to win deposits, push digital; Wells Fargo bends to critics in its latest response to scandals; FDIC review of brokered deposits has big implications for branches; and more from this week's most-read stories. ... Read full article
In addition to closing on its largest acquisition to date, the Tulsa, Okla., company reported double-digit growth in energy, health care and commercial real estate loans. ... Read full article