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After a few years of bargain hunting, it looks like buyers are willing to pay up for bank branches. Data on deals announced so far this year shows a median deposit premium of 4%, an improvement of more than 60 basis points from the levels of the last two years.
June 7 -
Thomas Hoenig, the president of the Federal Reserve Bank of Kansas City, one of the most outspoken members of the Federal Open Market Committee, has never been shy when it comes to his opinion.
June 7 -
JPMorgan Chase & Co.'s push into California is a blessing or a curse, depending whom you ask, but it is definitely having a competitive impact.
June 7 -
BNY Mellon said that it had begun expanding its middle office outsourcing service for hedge funds to North America and Asia.
June 7 -
Google Inc. isn't asking for a share of the payments revenue generated with its new mobile wallet. Nevertheless, partnering with the search engine juggernaut could be a trade-off for banks.
June 6 -
Good times are just around the bend. The length of that bend depends on who you talk to.
June 6 -
JPMorgan Chase & Co. boss James Dimon rode out the financial crisis with one of the most stable management teams in the financial world. That might be about to change.
June 6 -
Depending on which political party you talk to, the Consumer Financial Protection Bureau is either the most powerful federal agency ever created, or the most constrained.
June 3 -
New study finds banks -- large and small -- need to do a better job of implementing the technology and processes necessary to curtail money laundering activity in order to avoid the stiff fines already levied on their peers.
June 2 -
Consolidation is a fact of life in banking, so it's easy to shrug off dire predictions that the next wave of mergers will swamp the community banking sector. But the case is becoming ever more convincing.
June 2 -
BankUnited Inc. of Miami Lakes, Fla., is expanding into the New York market with a deal to acquire Herald National Bank for $71.4 million in cash and stock.
June 2 -
Mortgage lenders and consumer advocates have joined forces to urge regulators to ease up on proposed risk retention requirements, arguing they will result in a credit crunch.
June 1 -
Despite surging popularity of mobile banking, JPMorgan Chase still plans to open nearly 2,000 branches over the next five years because they're profitable and customers still want them.
June 1 -
Annuity products, both fixed and variable, had a good run in the bank channel during the first quarter of 2011.
May 31 -
In the wake of the economic tsunami, banks are reassessing their business models to see what fits and what doesn't in this new era.
May 31 -
Bank of America Corp. will pay $20 million and Morgan Stanley $2.35 million for improperly foreclosing on members of the military some of whom were on active duty in Iraq and Afghanistan under a settlement with the Justice Department.
May 27 -
FDIC's Sheila Bair spent one of her last congressional hearings trying to convince skeptical Republicans that "too big to fail" has finally been eliminated.
May 27 -
With subprime making a comeback in the auto lending sector, many experts are wondering if it is only a matter of time before the financial industry reverts to the fervid lending of yore.
May 26 -
New ABA chief Frank Keating is a delegator who relishes political networking. In other words, he's nothing like Ed Yingling, the group's former CEO, who could pretty much do ...
May 26 -
For a growing group of acquisition-minded community banks, fee-based businesses are looking like a more attractive way to bolster revenue than are traditional bank deals.
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