Major U.S. banking regulators are expected to commit as early as Tuesday to jointly modernize the rules governing how banks lend hundreds of billions of dollars a year to low-income communities, according to people familiar with the plans. At the same time, officials are expected to propose abandoning a Trump-era rule overhaul that divided...
Read MoreEL PASO, Texas – Investors representing more than half of the money in a fundraising round as space transport company Momentus merges with a special purpose acquisition company (SPAC) have abandoned the deal when the opportunity has been offered to them by a settlement with the Security and Trade Commission. In a July 16...
Read MoreSenator Leila de Lima urges the Senate to examine the validity of the reported proposed merger of two state-owned banks, the Landbank of the Philippines (Landbank) and the United Coconut Planters Bank (UCPB), as well as the anomalies that could arise if the plan government is implemented. De Lima noted that the transactions were...
Read MoreGet up this morning I smiled with the rising sun Three little birds Location near my door Sing sweet songs Pure and true melodies Sayin ‘, “This is my message to you-or-or:” Singing: “Don’t worry about nothing, worry about nothing, oh! Every little thing will be fine. Do not worry!” Singing: “Don’t worry about...
Read MoreMORE than a year after the onset of the coronavirus pandemic, the Gulf banking sector is seeing an increase in mergers and acquisitions (M&A), as lenders continue to grapple with the economic fallout. In fact, in May of last year, OBG predicted that Covid-19, combined with the associated fall in oil prices, would accelerate...
Read MoreBlue Ridge Bank operates this branch on Patterson Avenue and Libbie Avenue in Richmond. GREGORY J. GILLIGAN / TIMES-DISPATCH Two regional financial institutions in Virginia are considering merging to create the fourth-largest community bank headquartered in the state. Charlottesville-based Blue Ridge Bankshares Inc., the parent company of Blue Ridge Bank, and Fairfax-based FVCBankcorp Inc.,...
Read MoreJamie Dimon, President and CEO of JPMorgan Chase & Co, at a luncheon hosted by the Economic Club of Chicago on November 22, 2017 in Chicago, Illinois. Scott Olson | Getty Images News | Getty Images JPMorgan Chase is expected to release its second quarter results before the opening bell Tuesday. Here’s what Wall...
Read MoreUS Bank was the leader in branch closures in 2020 with 349, followed by Wells Fargo with 331. The US Bank has recently been more aggressive than other banks in branch closures, catching up with the industry as a whole after being prevented by regulators from making changes for several years ending in 2018....
Read MoreBank mergers and acquisitions (M&A) were rife in the first half of 2021, as industry mergers and acquisitions rebounded from a slowdown in 2020 due to the coronavirus pandemic. And although mergers and acquisitions this year do not exceed activity in 2018 and 2019 in terms of number of transactions, transactions were larger than...
Read MoreThrough Express news service NEW DELHI: DBS Bank India (DBIL), the wholly-owned subsidiary of DBS Bank of Singapore, saw a sharp increase in bad debts as gross non-performing assets (NPA) rose sharply to 12.93% over the course of of fiscal year 21 after the merger of Lakshmi Vilas Bank (LVB), compared to only 2.6%...
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