News Topic: new york

Kanas, who returned to the banking industry as part of the recapitalization of the failed BankUnited, will relinquish the company's chairmanship at the end of this year. ... Read full article

Ratings firms and mutual funds are seeing greater value in community banks because of their simplicity and local connections. ... Read full article

Keith Mestrich, who runs the union-founded bank, plans to use a more liquid stock to pursue acquisitions in cities such as Boston, Seattle and Los Angeles. ... Read full article

Organizers of Piermont Bank said in their application with the FDIC that they want to raise $100 million and eventually operate in several urban coastal communities. ... Read full article

The proposed Piermont Bank would be based in Midtown Manhattan. It is the second de novo being planned in New York. ... Read full article

Once a hotbed of activity, the region has reported the fewest bank mergers since the financial crisis. ... Read full article

With values on multifamily properties soaring, some building owners are using aggressive tactics to push out existing tenants to make room for higher-earning ones. That’s raising questions about whether their lenders are abetting this behavior. ... Read full article

The company is once again positioning itself for growth now that it is no longer considered a systemically important financial institution. ... Read full article

The company has created a municipal group that will focus on nonpublic financing services at a time when loans to bond issuers are declining. ... Read full article

The New York bank, which is part of Leumi Group in Israel, is entering a new business line after spending years improving its infrastructure. ... Read full article

The New Jersey company will pay $76 million for a bank with a low loan-to-deposit ratio and an SBA lending platform. ... Read full article

A former chief financial officer at Hanover Bancorp is trying to separate the roles of chairman and CEO as part of a sweeping demand for change. ... Read full article

JPMorgan Chase will buy as much as 555,000 square feet (52,000 square meters) of air rights from a landmarked Manhattan church as it prepares to build its new headquarters. ... Read full article

Under a consent order with Texas and seven other states, the Atlanta-based credit reporting firm agreed to shore up its information security efforts, but it will not have to pay any financial penalties. ... Read full article

The Israeli-owned company, which spent the last half-decade addressing stagnation, is open to acquisitions or going public. ... Read full article

The bank's head of investment management said Wednesday that his unit has eliminated dozens of high-cost funds over the last two years and replaced them with more passive investment vehicles. ... Read full article

While CEO Joseph Ficalora believes acquiring other banks would solve his company's funding issues, outsiders say its culture needs to change. ... Read full article

President and CEO Joseph Ficalora took a 33% pay cut in 2017, but shareholders still rejected the plan by a wide margin. ... Read full article