It looks like Evergrande, the great-grandfather of the Chinese real estate bubble, is finally going to collapse. What will it look like? The short answer is that investors, lenders and apartment owners lose out. Insiders win. The Chinese financial system remains standing. Governments at all levels are stepping up repression. Evergrande project in Guangdong...
Read MoreNews and research before you hear about it on CNBC and others. Claim your 1-week free trial for StreetInsider Premium here. NEW YORK, September 10, 2021 (GLOBE NEWSWIRE) – Keefe, Bruyette & Woods, Inc., a leading investment bank specializing in financial services and fintech, and a wholly-owned subsidiary of Stifel Financial Corp . (NYSE:...
Read MoreFaced with competition from mega-banks and fintech players, regional banks and midsize lenders are finding themselves in the mood to mingle in 2021. S&P Global Market Intelligence is now forecasting $ 63.3 billion in bank mergers in 2021, up from $ 27.8 billion in 2020 and $ 55 billion in 2019, according to figures...
Read MoreA Catalan flag is seen above a logo at the branch of Sabadell Bank in Barcelona, Spain on October 6, 2017. REUTERS / Yves Herman / File Photo Bank seeks to cut 1,900 jobs in Spain, union says 85% of workforce reductions would occur in the retail network – source Bank aims for deal...
Read MoreTwo Alabama-based banks join forces. SouthPoint Bank and Merchants Bank of Alabama today announced a merger agreement. The deal creates a banking franchise stretching from the Birmingham metropolitan area to the Interstate 65 corridor, with approximately $ 1 billion in assets, $ 895 million in deposits and 10 branches. Merchants Bank of Alabama will...
Read MoreMumbai: An RBI panel suggested accelerating the creation of an umbrella organization to enable small urban cooperative banks (UCBs) to scale up by being part of a network. The panel also said the RBI should use the compulsory mergers route to resolve problematic co-ops and be neutral on voluntary mergers. The panel also called...
Read MoreAssessing the Reach: Investment Banking Market, 2020-28The Investment Banking Market Assessment Report offers a comprehensive assessment of the core areas that contribute a huge share of business share in the same way as it gives an assessment of the latest market models and drivers that are emerging. ‘expect a gigantic share in improving the...
Read MoreHSBC has hired a heavyweight from Citigroup to oversee its expansion through mergers and acquisitions (M&A) in Asia. Willard McLane, the former vice president of Citigroup’s Global Financial Institutions Group (FIG), has joined HSBC in Hong Kong as head of corporate development. McLane will report directly to CFO Ewen Stevenson and his job will...
Read MoreRegional banks are starting to show a slight increase in lending, but want more borrowers. (iStock) Regional and community banks have a unique problem: money to lend and not enough borrowers. We are a long way from March 2020, when banks were preparing for the possibility of a liquidity crisis and a wave of...
Read MoreLaw360 (Aug 6, 2021, 6:35 p.m. EDT) – Plaid Inc. has agreed to pay $ 58 million to end a proposed class action lawsuit accusing the financial services company of illegally accessing the personal banking data of users of popular apps like Venmo and Coinbase without their consent, with consumer lawyers claiming up to...
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