M&A

Green Dot to buy RushCard parent for $167 million

01/30/17

The Pasadena, Calif.-based prepaid card issuer expects to gain 750,000 active new cardholders in the deal.

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How much is a digital bank worth, anyway?

01/30/17

Customers Bancorp says it expects to announce a deal to divest its BankMobile unit within 60 days. It could be an attractive target for a bank with strong loan demand.

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Citi's servicing exit tips the scale toward nonbanks

01/30/17

Citigroup's plans to sell a $97 billion mortgage servicing portfolio and subservice its remaining accounts highlights the growing prevalence of nondepository servicers and raises questions about how much capacity exists for these institutions to absorb more large deals.

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Illinois state regulators close second bank of the year

01/27/17

The failure of Seaway Bank, once the nation's biggest black-owned bank, cost the FDIC $57.2 million.

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Ant Financial buying MoneyGram; Will blockchain 'change the world'?

01/27/17

Chinese's largest online payments company to get a footprint in the U.S.; Believers in blockchain bemoan the lack of global cooperation.

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Green Dot said to be in talks to buy Russell Simmons's UniRush

01/26/17

Prepaid-card provider Green Dot Corp. is in talks to buy UniRush, a smaller competitor co-founded by Russell Simmons, the music industry entrepreneur behind rap label Def Jam, according to people familiar with the matter.

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Midland States to buy Centrue Financial in Illinois

01/26/17

The merger will create a bank with more than $4 billion in assets.

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'We don't feel the need to do another deal': Q&A with TD consumer head

01/26/17

TD Bank's consumer chief Michael Rhodes explains what service means in the digital age, why stress-testing is a good thing and why the bank is in no rush to make another acquisition.

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Wall Street women march; UBS' new female-friendlier strategy

01/26/17

Wall Street women on what the Women's March meant to them; UBS implementing a more female-friendly approach to wealth management; Beth Mooney outlines post-merger ambitions; and more.

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Astoria reports lower profit, stays mum on nixed sale

01/25/17

The Lake Success, N.Y., company’s bottom line fell 15% on lower net interest income, though its expenses shrank and fee income rose.

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