Commercial: Page 3


  • Wall Street
    Image attribution tooltip
    Spencer Platt via Getty Images
    Image attribution tooltip

    NY comptroller projects Wall Street bonus boost for 2024

    Wall Street salaries, on average, slid again last year as profits tumbled from pandemic highs, but the state comptroller’s office predicts bonuses will grow 7.4% this year, as profits in the first half of 2024 soared.

    By Oct. 9, 2024
  • An aerial shot of Little Rock, Arkansas shows a river, bridges and a number of downtown buildings.
    Image attribution tooltip
    Creative via Getty Images
    Image attribution tooltip

    Tech costs, regulatory demands among community bankers’ top worries

    A recent survey of community bankers also cited cost of funds as a top risk, amid the higher rate environment. “Right now, our motto is ‘Survive until 2025,’” a Pennsylvania community bank CEO said.

    By Oct. 8, 2024
  • An AI processor on a futuristic printed circuit board Explore the Trendline
    Image attribution tooltip
    da-kuk via Getty Images
    Image attribution tooltip
    Trendline

    Artificial intelligence

    Banks are enthusiastic about AI’s promises. But can they get customers on board, and will regulators let the innovation happen?

    By Banking Dive staff
  • A panoramic view of Waikiki and Diamond Head from Tantalus lookout in the Puu Ualakaa State Park, Honolulu, Oahu, Hawaii.
    Image attribution tooltip
    zhuzhu via Getty Images
    Image attribution tooltip

    Hawaii bank postpones acquisition-vote meeting

    Territorial Bank sent a letter urging shareholders to vote in favor of the acquisition by Los Angeles-based Hope Bancorp and not get distracted by another investor’s “illusory, non-binding, highly conditional” proposal.

    By Oct. 7, 2024
  • A group of people wait outside a grocery store glass door that has a sign posted on it.
    Image attribution tooltip

    Jonathan Drake/Reuters

    Image attribution tooltip

    Hurricane Helene aftermath prompts card, cash troubles

    After the storm ripped through the southeastern U.S., consumers and merchants have been left grappling with card network outages and cash shortages.

    By Lynne Marek • Oct. 3, 2024
  • From Tarantula lookout overlooking downtown Honolulu
    Image attribution tooltip
    Gregory Zamell via Getty Images
    Image attribution tooltip

    Would-be acquirer Blue Hill boosts offer for Hawaii bank

    Territorial Bank rejected a third all-cash offer from the investor group Blue Hill Advisors, instead sticking with its planned acquisition by California’s Hope Bancorp.

    By Sept. 30, 2024
  • Europe’s other players are watching Commerzbank, UniCredit, too

    Executives from BNP Paribas and BBVA weighed in on the state of M&A and offered differing theories about why the continent is falling short globally against Wall Street.

    By Sept. 27, 2024
  • UniCredit’s Orcel labels Commerzbank buy-up merely ‘an investment’

    The Italian CEO said a tie-up with Germany’s second-largest lender would be best, but only under the right terms. Meanwhile, if Commerzbank is looking for a lifeline, it won’t be from Deutsche Bank.

    By Sept. 25, 2024
  • Commerzbank names next CEO amid UniCredit advances

    Executives met to discuss strategy after Italy’s UniCredit rapidly amassed a sizable stake in the German bank, in what may be a hostile push to create a European counterbalance to Wall Street.

    By Sept. 24, 2024
  • Two business people are signing contract.
    Image attribution tooltip
    simarik via Getty Images
    Image attribution tooltip

    NY credit union-bank tie-up pushes 2024 to brink of M&A record

    Rochester-based ESL's proposed acquisition of Generations Bancorp is the 16th announced whole-bank purchase by a credit union this year, tying it with 2022.

    By Sept. 24, 2024
  • The Sphere and other buildings in the Las Vegas skyline are shown on a clear day, with greenery in the foreground.
    Image attribution tooltip
    Ethan Miller / Staff via Getty Images
    Image attribution tooltip

    Las Vegas’ Lexicon Bank bets on growth with nonprofits

    As a de novo, the lender experienced quick growth through PPP loan processing. Now, it aims to build on its business with nonprofits, CEO Stacy Watkins said.

    By Sept. 24, 2024
  • Bank of America ATMs are seen in NYC.
    Image attribution tooltip
    Mario Tama via Getty Images
    Image attribution tooltip

    Bank of America on pace to open 165 branches by 2026

    The lender’s expansion will include roughly 40 branch openings this year, including its first location in Louisville, Kentucky.

    By Sept. 23, 2024
  • The Phoenix headquarters of Western Alliance Bank is shown.
    Image attribution tooltip
    Permission granted by Michael Milazzo
    Image attribution tooltip

    Western Alliance sharpens California middle-market focus

    After last year’s turmoil, the regional lender is adding bankers to serve aerospace and agriculture clients in the state, said Julian Parra, a BofA veteran hired to grow the bank’s business with middle-market clients.

    By Sept. 23, 2024
  • An aerial image of Trenton, Jersey shows the capital building and the surrounding area in the evening.
    Image attribution tooltip
    ChrisBoswell via Getty Images
    Image attribution tooltip

    First Bank CEO: Small banks will need more deposits before lending can take off

    If smaller banks aren’t able to attract more deposits, they may have to get comfortable with slower loan growth, the CEO of New Jersey’s First Bank suggested.

    By Sept. 20, 2024
  • The Federal Deposit Insurance Corp. headquarters in Washington, D.C.
    Image attribution tooltip
    Anna Hrushka/Banking Dive
    Image attribution tooltip

    NY’s Five Star Bank pivots away from BaaS

    The bank cited regulators’ changing expectations. Banking-as-a-service accounts for 2% of Five Star’s deposits and less than 1% of its loans and two of its 12 clients have already begun offboarding, it said.

    By Sept. 20, 2024
  • Two people walk past a Chase bank branch.
    Image attribution tooltip
    Spencer Platt via Getty Images
    Image attribution tooltip

    JPMorgan creates role to oversee junior bankers’ ‘wellbeing’: memo

    Ryland McClendon’s appointment comes amid a spike in concern over the workload and expectations of associates and analysts after a 35-year-old Bank of America banker died in May.

    By Sept. 19, 2024
  • Aerial view of coastline where ocean meets development
    Image attribution tooltip
    Matt Sampson Photography/ iStock / Getty Images Plus via Getty Images
    Image attribution tooltip

    Silvergate exec cites ‘supervisory pressure’ in bankruptcy filing

    The crypto-heavy bank's parent company has no remaining lines of business and followed its subsidiary into Chapter 11 on Tuesday.

    By Sept. 19, 2024
  • Green and white signage on the exterior of a building reads "TD Bank."
    Image attribution tooltip
    Spencer Platt / Staff via Getty Images
    Image attribution tooltip

    TD CEO Bharat Masrani to retire in April

    Raymond Chun, TD’s head of Canadian personal banking, will become the lender’s next CEO, as the bank works to resolve issues within its U.S. anti-money laundering program.

    By Sept. 19, 2024
  • An exterior shot of the Department of Justice building shows the words "Department of Justice" and an American flag flying above.
    Image attribution tooltip
    Kevin Dietsch / Staff via Getty Images
    Image attribution tooltip

    DOJ joins OCC, FDIC in updating bank merger guidelines

    Regulators’ revamped guidelines increase the agencies’ discretion, which is likely to stoke industry uncertainty and, perhaps, extend the timeline to approval, analysts say.

    By Sept. 18, 2024
  • A skyline of New York City
    Image attribution tooltip
    TomasSereda via Getty Images
    Image attribution tooltip

    Carver Bank taps JPMorgan, Citizens vet as new CEO

    Donald Felix, a 25-year banking veteran, will succeed Craig MacKay, who became interim CEO of the Black-owned bank last year when the company weathered a “hostile takeover” attempt from an investor.

    By Sept. 17, 2024
  • A person wearing a blue hat and light t-shirt walks past a KeyBank branch location, as the glass reflects the street scene.
    Image attribution tooltip
    Spencer Platt / Staff via Getty Images
    Image attribution tooltip

    KeyBank CFO eyes opportunities through Scotia deal

    The two banks are exploring potential partnership opportunities – and their geographic footprints might allow a jumping-off point, KeyBank CFO Clark Khayat said last week at a conference.

    By Sept. 16, 2024
  • A Citi bank branch is shown, as a person walks by. Window signs advertise the bank's offerings.
    Image attribution tooltip
    Spencer Platt / Staff via Getty Images
    Image attribution tooltip

    Citi tech chief to share data responsibility with COO: memo

    Anand Selva will co-lead the data program with Tim Ryan. Japan Mehta, the outgoing data chief, will transition Ashutosh Nawani into the new role of head of enterprise data office and data transformation, the memo said.

    By Sept. 16, 2024
  • Aerial shot of an urban area along a river, with bridges connecting development on each side of the river
    Image attribution tooltip
    Art Wager via Getty Images
    Image attribution tooltip

    EverBank to buy Michigan’s Sterling Bank for $261M

    The deal includes 25 branches, $900 million in loans and $2 billion in deposits; but not Sterling’s sole Michigan branch or its $372.9 million portfolio of residential tenant-in-common mortgage loans.

    By Sept. 16, 2024
  • Bank sign
    Image attribution tooltip
    Courtesy of U.S. Bank
    Image attribution tooltip

    U.S. Bank reaches its proving ground

    The super-regional is at an “inflection point” after recent acquisitions and tech updates, CEO Andy Cecere said at the bank’s investor day. One analyst, however, is calling for “a new set of eyes at the top.”

    By Sept. 13, 2024
  • RBC names interim CFO Gibson as permanent

    The move presumably puts more distance between the bank and Gibson’s predecessor, Nadine Ahn, who has sued the bank for wrongful dismissal and damages.

    By Sept. 12, 2024
  • bank of america flag waving in Charlotte
    Image attribution tooltip
    Davis Turner/Stringer via Getty Images
    Image attribution tooltip

    BofA, JPMorgan, others urged to stop financing livestock production

    An open letter singles out the nation's largest banks for their support of food giants like JBS, saying lending activities undermine the sector’s environmental commitments.

    By Sarah Zimmerman • Sept. 12, 2024