The New York Times: Banking

APRIL 26, 2024

The relatively small bank, the first to fail this year, will have its deposits assumed by another Pennsylvania lender, Fulton Bank.

Bank 131

Bank Banking IT Insurance 131

JD Supra: Mergers

APRIL 22, 2024

On April 10, the OCC announced a notice published in the Federal Register extending the comment period for the OCC’s proposed rule on bank mergers. The NPRM titled, “Business Combinations under the Bank Merger Act,” was originally published on February 14. By: Orrick, Herrington & Sutcliffe LLP

Mergers 148

Mergers Bank Banking Business 148

JD Supra: Mergers

MAY 1, 2024

The FDIC proposed revisions last month to its existing policy on how it evaluates merger transactions that require the FDIC's approval under the Bank Merger Act (BMA). By: Venable LLP

Mergers 165

Mergers Bank Banking IT 165

JD Supra: Mergers

FEBRUARY 15, 2024

The Situation: On January 29, 2024, the Office of the Comptroller of the Currency ("OCC") requested comment on a proposed rule updating its bank merger rules and incorporating a policy statement (the "Proposal") on agency review of merger applications. By: Jones Day

Bank 159

Bank Banking Mergers IT 159

JD Supra: Mergers

JANUARY 29, 2024

The last two years have seen a significant uptick in the number of transactions involving credit union acquisitions of banks with 26 deals announced and two transactions already announced in 2024. Yet, the law around these transactions remains somewhat unsettled and the path to regulatory approval is often not clear.

Bank 264

Bank Banking Acquisitions 264

JD Supra: Mergers

FEBRUARY 5, 2024

On January 29, the OCC announced a proposed rule for bank merger approvals under the Bank Merger Act (BMA). The OCC proposed changes to 12 CFR 5.33 to reflect its view that a business combination is a significant corporate transaction. By: Orrick, Herrington & Sutcliffe LLP

Mergers 148

Mergers Bank Banking Corporation 148

JD Supra: Mergers

APRIL 4, 2024

The Proposal clarifies the FDIC’s bank merger approval process but may prove challenging for new large bank consolidations with the FDIC as the primary regulator.

Mergers 127

Mergers Bank Banking Insurance 127

JD Supra: Mergers

FEBRUARY 8, 2024

On January 29, 2024, the OCC issued a proposed policy statement[1] describing the general principles it uses to evaluate applications for approval of transactions under the Bank Merger Act (“BMA”), principally bank mergers, consolidations, and deposit assumptions (“Business Combinations”). By: Morrison & Foerster LLP

Mergers 165

Mergers Bank Banking Business 165

JD Supra: Mergers

FEBRUARY 26, 2024

Office of the Comptroller of Currency (OCC) released a notice of proposed rulemaking (NPR) seeking to “increase the transparency of the standards that apply to the agency’s review of business combinations involving national banks and Federal savings associations.” By: Proskauer - Regulatory & Compliance

Mergers 154

Mergers Bank Banking Business 154

JD Supra: Mergers

APRIL 5, 2024

On March 21, the Federal Deposit Insurance Corporation (FDIC) published for comment a proposal (Proposal) to revise its Statement of Policy on Bank Merger Transactions (SOP). If adopted as proposed, the Proposal would modify the SOP substantially, effectively creating an entirely new policy.

Mergers 159

Mergers Bank Banking Insurance 159

Global Banking & Finance

SEPTEMBER 27, 2023

Bank of England delays final Basel bank capital rules to July 2025 LONDON (Reuters) – The Bank of England on Wednesday said it would delay by six months to July 2025 its roll out of the final leg of international bank capital rules that began after the global financial crisis over a decade ago. The […]

Bank 124

Bank Banking Capital IT 124

The New York Times: Banking

APRIL 8, 2024

Using European Central Bank lending data, researchers said there was not evidence that voluntary commitments were effective in reducing emissions.

Bank 122

Bank Banking Financial Institution 122

CNBC: Investing

MAY 17, 2024

The stock market is in the early stages of a period of rising retail investor activity, and that could bode well for Robinhood, according to Bank of America.

Retail 93

Retail Bank Banking Trading 93

The New York Times: Banking

MARCH 5, 2024

Federal Reserve officials and other bank regulators could roll out a new proposal this spring to ward off a repeat of 2023’s banking turmoil.

Bank 108

Bank Banking Financial Institution 108

American Banker - Investment Banking

APRIL 22, 2024

After several quarters of slumping investment banking and trading fees, the Charlotte, North Carolina-based company reported a big uptick from that division, which helped compensate for a large decline in net interest income.

Investment Banking 103

Investment Banking Bank Banking Investment 103

CNBC: Investing

MAY 16, 2024

Nextracker's management "is building a track record of outperforming its targets which should support a multiple expansion," according to Bank of America.

Bank 113

Bank Banking Stock Management 113

Global Banking & Finance

APRIL 23, 2024

Open Banking and Cross-Border Payments: Advancements and Challenges As the global financial ecosystem becomes increasingly interconnected, open banking is emerging as a pivotal technology in revolutionizing cross-border payments.

Bank 92

Bank Banking Business 92

The New York Times: Banking

SEPTEMBER 14, 2023

The People’s Bank of China will allow commercial banks to hold less money in reserve, but businesses and households have been cautious about borrowing.

Bank 102

Bank Banking Business Financial Institution 102

CNBC: Investing

FEBRUARY 14, 2024

Higher-for-longer interest rates could squeeze margins and pressure capital levels in a sector still reeling from the March regional banking crisis last year.

Bank 105

Bank Banking Capital 105

Global Newswire by Notified: M&A

APRIL 15, 2024

April 15, 2024 (GLOBE NEWSWIRE) -- Wintrust Financial Corporation (“Wintrust”) (Nasdaq: WTFC) and Macatawa Bank Corporation (“Macatawa”) (Nasdaq: MCBC) today jointly announced that they have entered into a definitive merger agreement for Wintrust to acquire Macatawa in an all-stock transaction. ROSEMONT, Ill. and HOLLAND, Mich.,

Corporation 111

Corporation Bank Banking Mergers 111

American Banker - Investment Banking

APRIL 24, 2024

At the banks' annual meetings, shareholders at both companies struck down proposals that would have split the board chair and CEO roles. Two other proposals also failed to win shareholder support, one concerning energy financing and another on pay gap analysis.

Bank 109

Bank Banking Finance Finance 109

Mergers and Inquisitions

NOVEMBER 22, 2023

I never expected to revisit the topic of bulge bracket banks so quickly because the full list changes slowly, and we updated it a few years ago. What is a “Bulge Bracket Bank”? The name “bulge bracket” (BB) comes from the prospectus for an IPO or debt issuance, which lists all the banks underwriting the deal.

Bulge Bracket 100

Bulge Bracket Bank Banking Boutique 100

Global Banking & Finance

APRIL 30, 2024

Banking on Generative AI: Three Strategic Frontiers to Conquer in 2024 Financial institutions have long grappled with the challenge of offering best-in-class customer service and personalization with pockets of success.

Bank 110

Bank Banking Financial Institution 110

The New York Times: Banking

FEBRUARY 8, 2024

Bank tremors serve as a reminder: Just because a crisis hasn’t hit immediately doesn’t mean commercial real estate pain isn’t coming.

Bank 117

Bank Banking Financial Institution Debt 117

Business Standard - FInance

JULY 4, 2023

Bank of India Mahila Samman Savings Certificate: The scheme was announced by Union Finance Minister Nirmala Sitharaman during her Budget speech this year

Bank 145

Bank Banking Finance Finance 145

Global Banking & Finance

OCTOBER 4, 2023

Central bank test lab develops global bitcoin mapping system By Marc Jones LONDON (Reuters) – A global central bank test lab has designed a prototype bitcoin monitoring system aimed at giving authorities a clearer picture on how, when and where the cryptocurrency is used.

Bank 132

Bank Banking 132

Global Banking & Finance

JULY 12, 2023

Nearly half of banking customers say they are missing the human connection in banking Research released today shows that banking customers are frustrated with their banking experience and are craving a more human connection from their interactions with their bank.

Bank 98

Bank Banking Business 98

CNBC: Investing

MAY 14, 2024

Investors looking for alternative AI plays may want to keep an eye on this leading device security operations company, according to Bank of America.

Bank 93

Bank Banking Investors Stock 93

The New York Times: Banking

DECEMBER 15, 2023

The bank warned that its tight monetary policy would continue “for a long period” as it attempts to slow an economy in danger of overheating.

Bank 119

Bank Banking IT Financial Institution 119

American Banker - Investment Banking

FEBRUARY 27, 2024

The hire of veteran investment banker Doug Braunstein comes as Scharf makes progress on his efforts to grow Wells' investment bank. CEO Charlie Scharf has added another former JPMorgan Chase colleague to his leadership team as his shake-up of Wells Fargo continues.

Investment Banking 110

Investment Banking Bank Banking Investment 110

The New York Times: Banking

FEBRUARY 7, 2024

A year after the collapse of Silicon Valley Bank, investors are fearing for regional lenders saddled with a mountain of souring commercial mortgages.

Bank 92

Bank Banking Investors Financial Institution 92

Business Standard - FInance

JUNE 23, 2023

The Reserve Bank on Friday said it has imposed a penalty of Rs 2.5 crore on Jammu and Kashmir Bank for non-compliance with certain directions, including one related to 'time-bound implementation and strengthening of SWIFT-related operational controls'. A penalty of Rs 1.45 A penalty of Rs 1.45

Bank 98

Bank Banking Advisory Accountant 98

CNBC: Investing

MAY 18, 2024

Bank of America said this week there's a slew of cheap stocks for investors to buy right now.

Bank 87

Bank Banking Stock Investors 87

CNBC: Investing

MAY 15, 2024

Banks are better prepared for loan losses than they were pre-pandemic, but where the economy goes next could determine if that is enough.

Bank 84

Bank Banking 84

The New York Times: Banking

JANUARY 27, 2024

Dick Bove, the ubiquitous banking expert, is going out swinging after more than half a century in the business.

Bank 136

Bank Banking Business Broker 136

The New York Times: Banking

NOVEMBER 29, 2023

Ardith Lindsey, a managing director, is accusing the bank of tolerating a culture in which managers sexually harassed her.

Bank 121

Bank Banking Management Financial Institution 121

CNBC: Investing

MAY 16, 2024

of Chubb makes perfect sense as the insurer checks all the boxes of his investment criteria, according to Deutsche Bank. Warren Buffett's purchase of 6.4%

Bank 71

Bank Banking Investment Insurance 71