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Amalgamated in New York to form holding company


The bank said the move will provide more flexibility raising capital and more options when it comes to pursuing bank acquisitions.


As states and OCC keep butting heads, does innovation suffer?


Backers of lawsuits challenging federal charter and interest rate policies for nonbanks say states are sticking up for consumer protection. Others say the legal quagmire could slow efforts to improve the regulatory framework.


PenFed set to absorb midsize Long Island credit union


Members of Sperry Associates FCU will vote on a deal to merge into the nation's third-largest credit union. Both institutions have roots in serving the defense sector.


Hanover Bancorp making bigger push into New York with Savoy acquisition


The company will use Savoy's midtown Manhattan office to coordinate business development efforts around the city.


Trumps face N.Y. probe into valuation of assets to get loans


New York’s attorney general is investigating whether President Trump’s company inflated the value of his assets to secure favorable terms for loans, according to court filings. Testimony from his son Eric Trump is being sought as part of the case.


Flushing, Empire affirm commitment to delayed merger


The New York companies plan to move ahead with their proposed deal despite challenges created by the coronavirus pandemic.


Carver in New York to finally exit Tarp


The Treasury Department has held shares in the Black-run banking company for more than a decade.


Strong 2Q for New York Community, but real test still to come


In what was a challenging quarter for the industry, the company reported strong loan growth and a wider margin. Continued momentum will depend on government stimulus, the reopening of New York City and borrowers' ability to make payments after their deferral periods end.


Nonbanks face new disclosure rules on small-business loans in N.Y.


Similar to a law passed two years ago in California, legislation headed to the New York governor’s desk would require fintech and other nonbank lenders to uniformly disclose total cost of capital, APR and other metrics to potential borrowers.


Carnegie Hall got rescue aid, but not your favorite food cart


Paycheck Protection Program loans were out of reach for the myriad of cash-based enterprises or underfunded businesses that are key to economic growth in the country. This could change the very fabric of New York City, with businesses that were part of people's everyday life disappearing.