08/19/2014
MB Financial Merges Cole Taylor Bank Into MB Financial Bank
MB Financial Inc. is the Chicago-based holding company for MB Financial Bank, N.A.
Retail Banking
07/30/2014
AmEx profits rise as Americans won’t leave home without it
Card member spending rose nine per cent globally, after adjusting for foreign currency, compared to seven per cent growth in the preceding quarter and eight per cent growth in the second quarter last year.
07/23/2014
CIT to buy OneWest Bank for more reliable funding source
U.S. small-business lender CIT Group Inc said it would buy California bank OneWest Bank NA for $3.4 billion in cash and stock, a deal that will give CIT a more reliable source of funding.
07/22/2014
Washington Trust Reports Second Quarter 2014 Earnings
Washington Trust Bancorp, Inc. parent company of The Washington Trust Company, today announced net income of $9.8 million, or 58 cents per diluted share, for the second quarter of 2014, up from first quarter of 2014 net income of $9.3 million, or 55 cen
07/09/2014
RBC Wins Prestigious Retail Banker International Award
The annual RBI Awards are a well-established global competition and highly regarded within the industry as a mark of exceptional performance.
06/30/2014
Citic may give up US bank branches
The main restructuring involves injecting $37bn of assets from China into Citic’s Hong Kong listed unit, Citic Pacific.
05/26/2014
Banks moving away from bricks and mortar
Florida banks shut the doors on 168 branches last year, the most in any state.
05/13/2014
RBS's US business files for $100m IPO
Citizens is expected to increase that amount substantially once bankers start testing investor demand.
05/06/2014
First American Bank and Bank of Coral Gables Announce Merger
First American Bank, headquartered in Elk Grove Village, IL with 49 branches throughout the Chicago metropolitan area and assets of $3.4 billion, has announced a merger with the Bank of Coral Gables, a community-based bank located in Coral Gables, FL.
04/21/2014
SunTrust Reports First Quarter 2014 Results
Continued Loan Growth, Disciplined Expense Management, and Asset Quality Improvements Help Drive Solid Results
03/19/2014
Over half of retail banking executives think non-traditional financial services providers are a threat to traditional banks - PwC
The remainder (46%) see smaller banks capturing share through increasing differentiation. Executives are also divided as to the threat posed by non-traditional new players: while 55% believe they pose a threat to traditional banks, 31% believe they presen
03/19/2014
CITBA Financial Corporation Terminates Merger Transaction
CITBA Financial Corporation Mooresville, IN, the bank holding company of Citizens Bank, today announced that it had elected to terminate the proposed merger transaction between CITBA and its bank subsidiary and Merchants Bancorp, of Carmel, Indiana, and i
02/19/2014
Citizens Business Bank and American Security Bank Announce Acquisition Agreement
Deal strengthens Citizens Business Bank's core franchise in Southern California.
02/14/2014
First Niagara Earns Top Honors for Overall Satisfaction, Relationship Manager Performance and Treasury Management
First Niagara Financial Group racked up four national awards and several regional honors in the 2013 Greenwich Excellence Awards for Small Business and Middle Market Banking.
02/10/2014
Shake up retail branches with franchise model?
The franchise model can turn the top-down corporate model upside down, since franchisees may actually become aggressive critics of how their customers are approached, with little patience for ineffective internal procedures.
01/30/2014
Israel Discount Bank calls off sale of N.Y. unit
Israel's third-largest bank may try to meet 2015 capital adequacy ratio target by selling Discount Bank Latin America or issuing new shares
01/30/2014
To sell more, Bank of America turns to existing clients
Bank of America Corp is trying to solve one of the most difficult problems that big banks face: convincing reluctant employees to sell more products to current customers, who are themselves reluctant to buy them.
01/17/2014
M&T Bank posts disappointing fourth-quarter earnings
M&T is under directives from the Federal Reserve to improve its anti-money laundering systems in order to gain approval for its acquisition of Hudson City Bancorp.
01/14/2014
Fed Approves China’s Wing Lung Bank for Expansion in California
Wing Lung plans to establish a San Francisco branch and upgrade its existing office in Alhambra
01/09/2014
JPMorgan looks at sale of prepaid card business
The bank’s UCard is used for programs such as food stamps, unemployment benefits and tax refunds. Corporations use UCard to pay workers who don’t have checking accounts.