Music to investors’ ears: Banks will use tax cut to boost dividends
Executives of large banks told investors and analysts what they wanted to hear Friday when they said they plan to increase returns to shareholders. ... Read full article
Executives of large banks told investors and analysts what they wanted to hear Friday when they said they plan to increase returns to shareholders. ... Read full article
Banks that have flocked to the business because of higher yields and loan diversity stand to benefit if clients use tax savings to upgrade equipment. ... Read full article
The payments company will pay $321 million for Crestmark Bank, a commercial lender that focuses on asset-based lending, equipment finance and government-guaranteed loans. ... Read full article
The company tapped a new president for the business, which it will also rebrand, after hiring a team from Scottrade Bank in Missouri. ... Read full article
United will pay $130 million for NLFC Holdings, the parent company of Navitas Credit. ... Read full article
Banks have been in full cost-cutting mode in recent years, but with profits expected to increase substantially as a result of tax reform, all analysts and investors want to know is how they plan to spend their tax savings. ... Read full article
Changing political and economic forces are raising new questions about deployment of tax savings and the cost of deposits, while old concerns about cost-cutting, credit quality and risk taking persist or return. ... Read full article
The two payments companies failed to win U.S. government approval for their merger; the head of the Senate Finance Committee says he will leave when his term ends. ... Read full article
Kevin Stein, who runs a private equity firm, has also supervised banking groups at Barclays and FBR Capital Markets. ... Read full article
Doug Bowers contends that last year’s leadership shake-up, job cuts and corporate governance overhaul will make the company more competitive in its home state. ... Read full article
The energy crisis, hurricane damage and merger costs have hampered earnings per share at the Louisiana bank, and its CEO has to clear those hurdles and convince investors steady growth is ahead. ... Read full article
We never promised the news would be good for all these community bankers, and it wasn’t. One couldn’t stop a failure, and another quit soon after an acquisition. The rest have their banks at different points on the comeback trail. ... Read full article
Bankers remember Bob Wilmers not only for spearheading the growth of M&T, but also embracing his role as the industry's voice in turbulent times. ... Read full article
Executives at small banks are wary about 2018 as concerns about lackluster loan demand, low yields and rising deposit prices abound. ... Read full article
Can preferential loan terms encourage environmentally friendly practices among corporate borrowers? Barclays, BNP Paribas, and Standard Chartered are working with fintechs — and even Prince Charles — to develop a blockchain to answer that question. ... Read full article
It’s only early December, but bank CEOs’ comments this week about tax reform, their thirst for deposits, consumer lending initiatives, and challenges in commercial lending offer a sneak peek at what’s coming when earnings season begins next month. ... Read full article
On Sep. 30, 2017. Dollars in thousands. ... Read full article
During an industry conference Tuesday, executives from PNC, Wells Fargo, JPMorgan Chase and elsewhere offered differing takes on whether the Republican tax plan will boost loan demand. ... Read full article
Eagle is trying to debunk claims by Aurelius Value that CEO Ronald Paul and other directors are involved in an insider loan scheme. Eagle dismissed the report as an effort by short sellers to manipulate its stock. ... Read full article
Umpqua has taken a cue from other regionals that have found success in investment banking. ... Read full article