Cerberus raises bet on German lenders in Deutsche Bank deal
The private-equity firm Cerberus Capital Management has taken a 3% stake in Deutsche Bank four months after buying a 5% stake in another German lender, Commerzbank. ... Read full article
News Topic: Strategic plans
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Inside Bank of the West's eastward expansion
The San Francisco bank hopes to win middle-market business from its new commercial offices in Cleveland and Dallas. ... Read full article
Acquisitions possible after First Internet raises $45 million
The Indiana company could also use proceeds from the planned stock sale to pay off debt. ... Read full article
Material weakness forces Hope Bancorp to scuttle U&I acquisition
The banking companies agreed to terminate their planned merger after regulators withheld approval. The snag is tied to a previously disclosed issue with Hope's 2016 financial results. ... Read full article
As HSBC’s 2Q growth confirms turnaround, Brexit tab comes in: $300M
After posting a second quarter of revenue growth and with plans to return another $2 billion of cash to investors, departing boss Stuart Gulliver’s six-year turnaround of HSBC Holdings might finally be gathering momentum. ... Read full article
Citi’s ambition: Mobile-first banking for the affluent
The new Citigold program for affluent customers is more than a product — it is the centerpiece of Citigroup's vision for the future, which will also rely on branch closures and sophisticated apps. ... Read full article
Umpqua announces ‘NextGen’ plan to boost profitability
The Portland, Ore., company outlined a plan to boost its return on tangible common equity to between 13-15% by 2020. More details will be provided by fall, executives said. ... Read full article
Umpqua creates chief strategy officer role, hires Rilla Delorier
Delorier is a former chief marketing officer and head of consumer channels at SunTrust Banks. ... Read full article
Proficio Bank becomes first Utah failure in six years
Cache Valley Bank in Utah agreed to buy Proficio's deposits and most of its assets. ... Read full article
M&T president Mark Czarnecki dies
The executive, who was also M&T's chief operating officer, died on Sunday after an extended illness. ... Read full article
Columbia Banking picks chief operating officer to serve as interim CEO
Hadley Robbins succeeded Melanie Dressel, who died unexpectedly on Sunday. Columbia will begin a seach for a permanent CEO. ... Read full article
Bank consolidation enters period of uncertainty
There is optimism that consolidation could bounce back from a lackluster 2016 as bank stock rally. At the same time, expectations of regulatory easing and tax reform could entice more banks to stay independent, at least in the short term. ... Read full article