Commercial: Page 2


  • The Wall Street sign in the Financial District of Lower Manhattan in New York City.
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    hapabapa via Getty Images
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    NYCB insiders bought 200K shares. Is this the show of confidence the bank needs?

    One analyst highlights the bank’s willingness to “eat their own cooking.” But others have their eye on commercial real estate, NYCB’s rapid growth and a tinge of Signature deja vu.

    By Feb. 12, 2024
  • first citizens bank
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    Melissa Sue Gerrits via Getty Images
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    HSBC CEO knew of a plan to poach SVB bankers, First Citizens alleges

    First Citizens filed an amended complaint in federal court Wednesday, in line with a judge's order last month to "clean up" its initial $1.2 billion lawsuit.

    By Feb. 9, 2024
  • The Manhattan skyline in New York City. Explore the Trendline
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    Courtesy of The Howard Hughes Corp.
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    Trendline

    Top 5 stories from Banking Dive

    Banks brace to see if commercial real estate exposure will trigger a rerun of last year’s crisis. And regulators face a mountain of comments from the most contentious proposed rule in decades.

    By Banking Dive staff
  • Citizens Financial Group branch
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    Permission granted by Citizens Financial Group
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    Citizens taps JPMorgan vets to lead private bank

    The Rhode Island-based lender opened its first private banking office in Boston and said it plans to open offices in Palm Beach, Florida, and Mill Valley, California, this year.

    By Feb. 9, 2024
  • The Manhattan skyline in New York City.
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    Courtesy of The Howard Hughes Corp.
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    NYCB looks to trim its CRE exposure, but the market’s skeptical

    The bank's stock Wednesday repeatedly triggered circuit breakers meant to keep share value from falling too quickly. Despite executives' assurances, another ratings agency downgraded the stock.

    By Feb. 8, 2024
  • Treasury Secreatry Janet Yellen peers behind her glasses on Capitol Hill.
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    Chip Somodevilla via Getty Images
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    Yellen: CRE losses may leave banks ‘quite stressed’

    Bank regulators aim to avert turmoil caused by a slump in the value of commercial real estate, Treasury Secretary Janet Yellen said in testimony to a House committee Tuesday.

    By Jim Tyson • Feb. 7, 2024
  • Flags fly at full staff outside the NYSE with the Wall ST sign in the foreground
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    Kena Betancur via Getty Images
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    NYCB enlists ex-Flagstar CEO after Moody’s downgrade

    The bank named Alessandro DiNello as executive chair Wednesday and issued updated deposit and liquidity statistics to reassure investors. But some have still filed suit.

    By Feb. 7, 2024
  • JPMorgan Chase sign in front of building in street level view.
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    Chris Hondros via Getty Images
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    JPMorgan wants to open 500 branches in next 3 years

    The bank is looking to expand in areas such as Boston, Charlotte, Minneapolis, Philadelphia and Washington D.C. — but aims to close another 30 First Republic locations.

    By Feb. 6, 2024
  • The Manhattan skyline in New York City.
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    Courtesy of The Howard Hughes Corp.
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    NYCB’s risk chief left bank ahead of Q4 loss report, stock dip

    The bank’s announcement that it would set aside $552 million in loan-loss reserves and cut its dividend came amid pressure from the Office of the Comptroller of the Currency, Bloomberg reported.

    By Feb. 6, 2024
  • two people shaking hands
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    Getty Images/Staff via Getty Images
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    Truist sells asset-management arm in $70M deal

    Toronto-based Guardian Capital has agreed to buy Sterling Capital Management, which has roughly $76 billion in assets under management and advisement.

    By Feb. 5, 2024
  • Cryptocurrency
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    da-kuk via Getty Images
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    Vast Bank discontinues crypto mobile app

    The Tulsa, Oklahoma-based lender told customers their digital assets would be liquidated and accounts would be closed. Customers will receive stranded assets via cashier’s check, the bank said.

    By Feb. 5, 2024
  • Watercolor drawing of yellow brick road leading to city by AI
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    Daniil/Adobe.stock.com

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    Sponsored by Shield Compliance

    Margin compression and regulatory challenges and competition, oh my!

    Market and regulatory changes are making lending to the cannabis industry a smart growth strategy.

    By Tony Repanich • Feb. 5, 2024
  • Teal and orange color of NYC midtown view and the East river from Roosevelt Island
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    Tanaonte via Getty Images
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    Column

    Dive Deposits: Inside the ‘takeover attempt’ at a long-standing Black bank

    An investment fund has sought since August to take control of Carver Federal Savings Bank. The bank finally fought back using its aggressor’s favorite weapon.

    By Feb. 2, 2024
  • Person with umbrella passing Deutsche Bank
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    Thomas Lohnes via Getty Images
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    Deutsche Bank to cut 3,500 jobs by 2025

    The bank also announced it would return €1.6 billion to investors in the first half of 2024. That includes a €675 million share buyback.

    By Feb. 1, 2024
  • The Seattle skyline, featuring the Space Needle and skyscrapers.
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    George Dodd via Getty Images
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    WaFd, Luther Burbank deal gets regulatory nods

    The deal is now expected to close by Feb. 29 and the systems and brand integration is to be completed by the first week of March, according to the banks.

    By Feb. 1, 2024
  • Silicon Valley Bank logo
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    Justin Sullivan via Getty Images
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    Could the factors that took down SVB combine for a rerun in 2024?

    NYCB's surprise Q4 loss may stand as a warning — or an outlier — as regional banks fight for deposits, weather real estate woes and wait for interest rates to drop.

    By Jan. 31, 2024
  • City skyline and waterfront
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    Art Wager via Getty Images
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    California banks merge in $233.6M deal

    The tie-up between Southern California Bancorp and California BanCorp, set to close in the third quarter, will create a $4.6 billion-asset company in some of the state’s strongest areas for mid-market business banking.

    By Ken McCarthy • Jan. 30, 2024
  • A 'Citi' sign is displayed outside Citigroup Center near Citibank headquarters in Manhattan on December 5, 2012 in New York City.
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    Mario Tama via Getty Images
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    NY AG sues Citi over denied fraud claims

    “If a bank cannot secure its customers’ accounts, they are failing in their most basic duty,” New York Attorney General Letitia James said in a statement Tuesday.

    By Jan. 30, 2024
  • The concept of the word M&A on cubes on a beautiful green background. Business concept
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    Zhanna Hapanovich via Getty Images
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    Michigan credit union to buy NorthSide Community Bank

    Advia Credit Union will expand its footprint in northeastern Illinois with the third proposed acquisition of a bank by a credit union in 2024.

    By Jan. 29, 2024
  • A sign reading Goldman Sachs is seen on a wood-grained wall.
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    Michael M. Santiago via Getty Images
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    Goldman’s global banking and markets co-chief to leave bank

    Jim Esposito — a 28-year veteran who had sought to become the bank's CEO or president, The Wall Street Journal noted — co-led a unit that brought in two-thirds of Goldman's revenue last year.

    By Jan. 29, 2024
  • The HSBC logo is seen outside a bank branch.
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    Matt Cardy via Getty Images
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    HSBC launches first net-zero transition plan

    The bank’s plan to slash emissions and meet climate objectives comes against a backdrop of financial institutions facing pressure to address risk and sever ties with the fossil-fuel industry.

    By Zoya Mirza • Jan. 26, 2024
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    Alex Wroblewski via Getty Images
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    JPMorgan Chase shuffles C-suite execs

    The nation's largest bank is giving a handful of top executives “broader experience” by reassigning them to roles in new businesses ahead of CEO Jamie Dimon’s eventual retirement, an analyst said.

    By Jan. 26, 2024
  • 4 BMO bankers fired, 2 resign after bullying probe: report

    An investment banker in the Toronto office of BMO’s mining group was subjected to homophobic slurs and targeted in person and virtually on Microsoft Teams, four sources told The Globe and Mail.

    By Jan. 25, 2024
  • Bank sign on glass wall of business center
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    ultramarine5 via Getty Images
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    NBT CEO John Watt to step down in May

    Scott Kingsley, the Norwich, New York-based bank's CFO, will assume the top role upon Watt’s retirement.

    By Jan. 23, 2024
  • Ally Financial, NYSE facade
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    Courtesy of Ally Financial
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    Synchrony to buy Ally’s point-of-sale lending unit

    The deal, expected to close this quarter, includes relationships with nearly 2,500 merchant locations and more than 450,000 active borrowers in home improvement services and healthcare, the companies said.

    By Jan. 23, 2024
  • fifth third bank
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    Mark Lyons via Getty Images
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    Fifth Third aims to open 31 branches this year in a bet on Southeast

    The bank wants to establish about a 50/50 balance between Southeast and Midwest markets, CEO Tim Spence said. Fifth Third plans to boost its Southeast headcount in commercial banking by up to 15%, Bloomberg reported.

    By Jan. 22, 2024