Month: April 2014

Banking News – Pandit links up with Freakonomics author
&nbspTGG, small for The Utmost Excellent, pitches itself to companies as a way to ‘better serve customers, hire and retain the best talent and reduce cost’
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/e3ce565c-d0ad-11e3-9a81-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcompanies_financial-air force%2Ffeed%2F%2Fproduct

Banking News – Pandit takes chairman’s role at TGG
&nbspTGG, small for The Utmost Excellent, pitches itself to companies as a way to ‘better serve customers, hire and retain the best talent and reduce cost’
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/e3ce565c-d0ad-11e3-9a81-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcompanies_financial-air force%2Ffeed%2F%2Fproduct

Banking News – Pandit takes chairman’s role at TGG
&nbspTGG, small for The Utmost Excellent, pitches itself to companies as a way to ‘better serve customers, hire and retain the best talent and reduce cost’
FT.com – Banks – http://www.ft.com/cms/s/0/e3ce565c-d0ad-11e3-9a81-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcompanies_banks%2Ffeed%2F%2Fproduct

Banking News – Dictatorial Snag Could Delay MB-Taylor Deal
&nbspMB Fiscal’s acquisition of Taylor Capital is facing a the makings delay as regulators examine Cole Taylor Bank for a doable violation of a section of the Federal Trade Fee Act.
Union Banking – http://www.americanbanker.com/issues/179_83/dictatorial-snag-could-delay-mb-taylor-deal-1067230-1.html

Banking News – Medical Lenders Reach Settlements with N.Y. Attorney General
&nbspFour nonbank lenders have agreed to compensate patrons and pay penalties in tie with medical loans that debased New York usury and other laws, state Attorney General Eric Schneiderman said Wednesday.
Union Banking – http://www.americanbanker.com/issues/179_83/medical-lenders-reach-settlements-with-ny-attorney-general-1067229-1.html

Banking News – Temasek and RRJ take a stake in ING arm
&nbspSingapore’s state investment company and a private equity fund agree to become “grounding” investors in insurer’s Amsterdam listing
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/dc6c4704-d060-11e3-8b90-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcompanies_financial-air force%2Ffeed%2F%2Fproduct

Banking News – BOK Fiscal Profit Falls
&nbspBOK Fiscal (BOKF) in Tulsa, Okla., reported lower net income as finance try declined.
Union Banking – http://www.americanbanker.com/issues/179_83/bok-fiscal-profit-falls-1067223-1.html

Banking News – Subordinated Debt Surges as Investors’ Fears Subside
&nbspBanks issued at least $12.3 billion in subordinated debt last year, far more than what they issued in any year since the fiscal crisis. A huge factor is shareholder demand, which has been stimulated by a need for higher-docile worth.
Union Banking – http://www.americanbanker.com/issues/179_83/subordinated-debt-surges-as-investors-fears-subside-1067222-1.html

Banking News – United Bankshares Return Boosted by Virginia Bank Acquisition
&nbspUnited Bankshares’ return augmented during the first quarter, with support from the completion of its Virginia Buying Bancorp acquisition and sale of one of its own twigs.
Union Banking – http://www.americanbanker.com/issues/179_83/united-bankshares-return-boosted-by-virginia-bank-acquisition-1067221-1.html

Banking News – EverBank Profits Plunge on Lower Finance Try
&nbspEverBank Fiscal in Jacksonville, Fla., said that first-quarter return fell 18% from a year earlier, to $32 million. Return per share of 23 cents beat the average assess of analysts polled by Bloomberg by 2 cents.
Union Banking – http://www.americanbanker.com/issues/179_83/everbank-profits-plunge-on-lower-finance-try-1067220-1.html

Banking News – Review hits at many Co-op Bank failings
&nbspReport exposes failings in nearly every aspect of the affair, saying it was run by clumsy executives placing too small accent on capital
FT.com – Banks – http://www.ft.com/cms/s/0/2178ff9a-d02f-11e3-af2b-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcompanies_banks%2Ffeed%2F%2Fproduct

Banking News – Half of Saga shares could go to public
&nbspListing would give the company an enterprise value of £3bn and is probable to result in a huge payday for the chief executive and staff
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/57b7ead0-d02f-11e3-8b90-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcompanies_financial-air force%2Ffeed%2F%2Fproduct

Banking News – Lawmakers Push for Union Banking Voice at the Fed
&nbspA bipartisan association of lawmakers is pushing the Obama handing out to nominate someone with union banking encounter to the Federal Reserve Board.
Union Banking – http://www.americanbanker.com/issues/179_83/lawmakers-push-for-union-banking-voice-at-the-fed-1067217-1.html

Banking News – Carlyle in credit market warning
&nbspEconomic net income at the US uncommon asset fund manager is down 18% as co-founder cautions on ‘challenging’ background for private equity
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/e1e8b684-d044-11e3-af2b-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcompanies_financial-air force%2Ffeed%2F%2Fproduct

Banking News – Small Bank Looks for Huge Splash with Its Own Real-Time Payments System
&nbspIn a highly unusual initiative, small union bank independence Bancshares has been construction a real-time transactions dispensation system. CEO Gordon Baird hopes to attract other to use it, too.
Union Banking – http://www.americanbanker.com/issues/179_83/small-bank-looks-for-huge-splash-with-its-own-real-time-payments-system-1067215-1.html