Fayette County Bank becomes year’s sixth failure
The bank is the second failure in Illinois so far in 2017. Seaway Bank was closed in late January. American Banker: Feed
Tag Archives: Bank
Guaranty Bank collapse marks second failure in two weeks
Guaranty Bank & Trust in Milwaukee was shut down by federal regulators Friday, just a week after one of the costliest failures since the crisis. American Banker: Feed
First NBC’s former CEO resigns as bank president
Ashton Ryan, who had been removed as CEO in December, had been serving as its president. The company also agreed to sell preferred stock to directors to help it make payments tied to its subordinated debt. American Banker: Feed
Bank of Montreal CEO Downe to retire as White named successor
Bank of Montreal’s Bill Downe, the longest-serving chief executive officer among Canada’s largest lenders, will retire Oct. 31 after spending a decade expanding the nation’s oldest bank through acquisitions in the U.S. and overseas. American Banker: Feed
Bank consortium demos leveraged loan trade via blockchain
Coordinators of a financial-industry backed blockchain project say they have successfully demonstrated that the distributed ledger technology can be used to syndication, trade and make payments on leveraged loans. American Banker: Feed
Why Bank of the West is flaunting its global reach
The San Francisco firm unveiled a new logo that prominently depicts its connection to its longtime owner, BNP Paribas. In doing so, it is wagering that any fallout from negative public perceptions of global megabanks will be outweighed by new opportunities to generate revenue. American Banker: Feed
Fake bank accounts are rare, but there’s a bigger problem
The Wells Fargo fake accounts scandal is shining such a bright spotlight that more pervasive problems with the industry’s sales practices are getting lost in the shadows. American Banker: Feed
Bank executives weigh in on travel ban; Trump takes aim at Dodd-Frank
Wall Street banks comment on the president’s temporary halt on immigration from Muslim-majority nations; Trump promises to do “a big number” on financial reform act. American Banker: Feed
Illinois state regulators close second bank of the year
The failure of Seaway Bank, once the nation’s biggest black-owned bank, cost the FDIC $ 57.2 million. American Banker: Feed
For First Horizon, bigger is better when scouting bank deals
The company would prefer buying banks with $ 5 billion to $ 10 billion in assets unless it finds an appealing alternative in a strategic market such as Raleigh or Nashville. American Banker: Feed