July 22, 2021
  • July 22, 2021

Bank Mergers

Low-income loan rules defined for a global overhaul

by on July 20, 2021 0

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...

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Investors abandon Momentus SPAC deal

by on July 19, 2021 0

EL 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...

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Two Virginia Banks Consider Merger, Creating State-Based Fourth Largest Community Financial Institution | Economic news

by on July 14, 2021 0

Blue 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.,...

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JPM 2Q 2021 results

by on July 13, 2021 0

Jamie 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...

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