new york

BB&T makes first fintech foray in bid to boost digital banking


Bennett Bradley, BB&T's chief digital officer, discusses how an investment in Enigma, which helps companies leverage data, fits within the regional bank's fintech strategy.


John Kanas to retire from banking — again


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.


Smaller banks draw more attention from market sophisticates


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


Proposed N.Y. de novo has lofty capital goal and ambitious growth plan


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.


Amalgamated chief's goal after IPO: Create a nationwide bank


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.


Group with East West ties applies to open bank in New York


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


Why bank M&A has been so quiet in the Northeast


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


Low-income renters are being displaced. Is it a bank problem?


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.


New York Community pays up for deposits, and bottom line suffers


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


Sterling in N.Y. bucks trend with expanded muni reach


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