new york

First of Long Island taps insider as next CEO

03/20/19

Christopher Becker will succeed Michael Vittorio in January.

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Amalgamated buys loan portfolio tied to energy efficiency projects

03/01/19

The bank gained $45 million in PACE financings, which let homeowners pay back the costs of efficiency projects over time.

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M&T Bank buys large MSR portfolio

02/21/19

The company disclosed that it paid $146 million for servicing rights associated with $13 billion in mortgages.

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Consumer lenders could feel most pain from CECL

02/20/19

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.

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Sterling to buy specialty lending businesses from Woodforest

01/23/19

The New York company will add $504 million of asset-based and equipment-finance loans as part of the acquisition.

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Provident Financial to buy New York wealth management firm

01/22/19

Provident's investment adviser unit will have nearly $3 billion in assets under management after it buys Tirschwell & Loewy.

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Community Bank System adding scale in Upstate N.Y. with Kinderhook deal

01/22/19

The company will pay $93 million for Kinderhook Bank, which has a concentrations of branches around Albany.

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KeyCorp’s deal for student lender raises eyebrows

01/17/19

Executives at Key pushed back against doubts over a deal for Laurel Road Bank’s digital lending platform so late in the credit cycle, arguing that its customers are prime borrowers with high incomes.

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Sterling Jewelers fined by CFPB for unauthorized credit card accounts

01/16/19

The company owning brands such as Kay Jewelers and Jared the Galleria of Jewelry will pay $11 million under a settlement with the consumer bureau and New York's attorney general.

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Stock market volatility takes bite out of BNY Mellon profit

01/16/19

The company's fourth-quarter results were also stymied by costs tied to severance and litigation, along with investments in technology.

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