Updated Saturday, July 12, 2014 as of 10:34 PM ET
Bank M&A on Pace for Best Year Since 2008
Merger momentum is finally building in the banking industry.
Banks announced 136 whole-bank deals in the first half of 2014, representing an 18% increase from a year earlier, according to SNL Financial. The aggregate value of those deals topped $6 billion, a 33% spike from the first six months of 2013.   more »
More in Bank Channel
A small credit union is testing a tech-based solution to an old-world problem: busy branch lobbies. more »
The Honolulu-based credit union chose CUSO Financial Services to help expand its brokerage program. more »
The percentage of U.S. consumers who are late on their loan payments remained at near-record lows in the first quarter, though a key figure rose slightly from the fourth quarter. Meanwhile, payments on home equity lines fell to their lowest level in five years, according to a new ABA report. more »
Fraud fighters have spotted a new form of ATM skimming device that is so small it's easy for the human eye to miss. more »
Nearly six months into her first term as Federal Reserve Board chair, Janet Yellen has sought to put financial stability on nearly equal footing as monetary policy. more »
Roughly three in four advisors said they were likely to seek out additional support, content or tools related to Social Security in the next year. more »
David Campanella will lead a team of wealth management professionals serving high-net-worth clients in Cleveland and Columbus. more »
This week, for the third time, the biggest U.S. banks have sent regulators detailed plans for their own demise. The regulators’ response to those filings has been far less detailed. more »
The revenue increases were concentrated in the smaller bank broker dealers, according to a new survey by Kehrer Saltzman & Associates. more »
The errant sales assistant allegedly converted funds from an LPL business bank account. more »
BNP Paribas' record $8.9 billion penalty and criminal guilty plea could have reverberations industrywide, including emboldening the Justice Department to seek similar actions against domestic banks and causing international regulators to take retaliatory action. more »
BNP Paribas pleaded guilty to charges tied to a U.S. probe of sanctions violations, resolving a wide-ranging state and federal investigation with a penalty of at least $8.8 billion, the largest fine for such a case in history. more »
A growing number of community banks are adopting bank-owned life insurance as a way to counter shrinking loan margins and diminished returns on other investments. BOLI can also help banks that are trying to meet higher capital requirements. more »
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