U.S. bankers haven’t taken their foot off the gas yet but they are watching their CRE loan portfolios carefully following a recent warning from the FDIC and say they are prepared to hit the brakes and slow down their commercial real estate lending vehicles should conditions warrant. Through the third quarter of 2015, U.S. banks
Breaking News This Morning … Earnings: It’s a banner day for 4Q reports from megabanks and regionals: Citigroup, Wells Fargo, U.S. Bancorp, PNC and Regions Financial. And there are two M&A deals in Chicago, from buyers Wintrust and Royal Financial. Goldman Sachs Faces Huge Fine: Goldman Sachs will pay the largest regulatory penalty in its
First Midwest Bancorp in Itasca, Ill., plans to close branches and sell unwanted real estate as customers shift to online banking. American Banker
A former M&T Bank executive was sentenced to 39 months prison time for leading a fraudulent scheme involving about $ 5.3 million in small-business loans. American Banker
Prediction markets are the opposite of “yes men” — they’re designed to induce experts to show what they really think. Could large banks, among the most siloed, opaque and politicized organizations around, use internal prediction markets to learn hard truths? American Banker
Bay Bancorp in Columbia, Md., has agreed to buy Hopkins Bancorp in Pikesville, Md., for $ 23.8 million in cash. American Banker
The $ 30.2 million-asset Citizens, in Hartford, Ky., agreed to pay a 1.77% premium for the branch’s average daily balance of assumed deposits for the ten days prior to the closing date. American Banker
Receiving Wide Coverage … Brazilian Bank CEO Jailed: The chief executive of Brazil’s largest independent investment bank has resigned after being arrested last week. Andre Esteves left his post at the helm of BTG Pactual, the Wall Street Journal reports. Esteves is the bank’s controlling shareholder and also served as chairman. The Brazilian banker has
The Federal Reserve Wednesday finalized certain changes to its stress testing program for 2016, including phasing out certain capital requirements and delaying the implementation of others. American Banker
Prospect Mortgage, a Sherman Oaks, Calif., nonbank lender, has agreed to pay $ 10.1 million in borrower restitution and penalties for violating federal and state laws, California’s Department of Business Oversight said Thursday. American Banker
