News Topic: Consolidations

The two banks’ CEOs used a public hearing to argue their merger will be a boon for underserved markets. But other speakers warned that bank consolidation hurts communities. ... Read full article

Deutsche Bank and Commerzbank ended talks on a historic tie-up, throwing the future of the lenders into question after a series of failed turnaround plans. ... Read full article

Power Financial Credit Union's deal for TransCapital Bank marks the fourth time this year a bank has agreed to be sold to a credit union in that state. ... Read full article

What the FIS-Worldpay deal means for banks; behind the OCC's public rebuke of Wells Fargo; ripple effect feared as Fed mulls lifetime bans for two bankers; and more from this week's most-read stories. ... Read full article

BB&T-SunTrust deal came together with remarkable speed; Citi and Chase take on fintechs at their own game; CECL spells trouble for small banks, consumers; and more from this week’s most-read stories. ... Read full article

European banks need to look beyond their home countries for mergers in order to tap the region's full economic power and become more competitive, JPMorgan Chase Chief Executive Jamie Dimon said. ... Read full article

Readers weigh the BB&T-SunTrust deal, consider how a new accounting standard could affect Fannie Mae and Freddie Mac, debate the impact of the government shutdown on credit histories and more. ... Read full article

The Lake Mary, Fla.-based credit union has agreed to buy Fidelity Bank of Florida for an undisclosed amount. ... Read full article

Bank of America Chief Executive Officer Brian Moynihan predicted another round of consolidation in the U.S. that could lead to the emergence of a new competitor. ... Read full article

"I don't and I never would discount the European banks," Citigroup Chief Executive Officer Michael Corbat said in an interview at the World Economic Forum in Davos. "Don't overestimate the U.S. banks' position, and don't ... Read full article

The deal for Citizens State Bank is part of VyStar's plan to expand throughout Florida and Georgia. ... Read full article

Santander taps JPMorgan Chase exec Colleen Canny to lead retail network; can Trump actually fire Fed's Powell?; will 2019 bring long-awaited reform of Fannie Mae, Freddie Mac?; and more from the past two week's most-read stories. ... Read full article

A consolidation of Germany's fragmented banking market is very much in the cards, following months of speculation. ... Read full article

The central bank’s top regulatory official discussed how the Fed is using listening sessions in isolated communities to understand the effect of losing the one bank in town. ... Read full article

First Busey is buying a bank with a large securities portfolio, whose size would be easier to adjust than traditional bank assets as it seeks to stay below the $10 billion mark. ... Read full article

The Los Angeles company will also gain its first branches in Nevada after completing the $467 million acquisition. ... Read full article

FVCBancorp will use part of the proceeds to help pay for its pending acquisition of Colombo Bank. ... Read full article

BayCom in Walnut Creek, Calif., would have a bigger presence in the Albuquerque area after buying Bethlehem Financial. ... Read full article