Month: February 2016

Banking News – How Two Banks Saved Their M&A Deal Amid Market Swings
&nbspUnivest Corp. of Pennsylvania was negotiating to buy Fox Chase Bancorp when its stock plummeted in August. The decline prompted Fox Chase to seek other offers, while forcing Univest to adjust its bid to prop up the deal value.
Union Banking – http://www.americanbanker.com/news/dealmaking-approach/how-two-banks-saved-their-ma-deal-amid-market-swings-1079635-1.html

Banking News – Goldman banker on leave over Trump hats
&nbspFailure to release donations and at a tangent selling caps
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/1d062796-df3f-11e5-b67f-a61732c1d025.html?ftcamp=published_links%2Frss%2Fcompanies_financial-air force%2Ffeed%2F%2Fproduct

Banking News – Goldman banker on leave over Trump hats
&nbspFailure to release donations and at a tangent selling caps
FT.com – Banks – http://www.ft.com/cms/s/0/1d062796-df3f-11e5-b67f-a61732c1d025.html?ftcamp=published_links%2Frss%2Fcompanies_banks%2Ffeed%2F%2Fproduct

Banking News – Kansas City Bank to Pay $2.8M in Redlining Case with HUD
&nbspFirst Federal Bank of Kansas City has agreed to a $2.8 million agreement with the Sphere of Housing and Urban Enhancement to resolve allegations of redlining in African-American neighborhoods.
Union Banking – http://www.americanbanker.com/news/law-parameter/kansas-city-bank-to-pay-28m-in-redlining-case-with-hud-1079625-1.html

Banking News – Energy Slump Leads Comerica to Accelerate Loss-Reserve Buildup
&nbspComerica in Dallas is warning that its loan-loss provision this quarter will be larger than earlier estimated because of falling oil prices.
Union Banking – http://www.americanbanker.com/news/dealmaking-approach/energy-slump-leads-comerica-to-accelerate-loss-reserve-buildup-1079622-1.html

Banking News – NorthWest Indiana Names CEO’s Son His Successor
&nbspBenjamin Bochnowski will be named chief executive of both the holding company and the $865 million-asset Peoples Bank at the bank’s April 28 annual meeting.
Union Banking – http://www.americanbanker.com/news/union-banking/northwest-indiana-names-ceos-son-his-successor-1079621-1.html

Banking News – When halfhearted rates become zero sum game
&nbspStimulus policies should be structured in ways that boost demand
FT.com – Banks – http://www.ft.com/cms/s/0/d9bdae6e-dee4-11e5-b67f-a61732c1d025.html?ftcamp=published_links%2Frss%2Fcompanies_banks%2Ffeed%2F%2Fproduct

Banking News – Overseer hurts challengers over bank tax
&nbspEmerging institutions say they will be harder hit by 8 per cent addendum on UK profits over £25m
FT.com – Banks – http://www.ft.com/cms/s/0/429a2576-df02-11e5-b072-006d8d362ba3.html?ftcamp=published_links%2Frss%2Fcompanies_banks%2Ffeed%2F%2Fproduct

Banking News – Unity Bancorp in N.J. to Record $2M Gain from Repurchasing Debt
&nbspUnity Bancorp of Clinton, N.J., has repurchased $5 million of subordinated debt it issued before the fiscal crisis.
Union Banking – http://www.americanbanker.com/news/union-banking/unity-bancorp-in-nj-to-record-2m-gain-from-repurchasing-debt-1079616-1.html

Banking News – Japanese banks: taking the positives
&nbspNegative appeal rates should spur much-needed consolidation among the country’s regional lenders
FT.com – Banks – http://www.ft.com/cms/s/3/3532ff28-defa-11e5-b67f-a61732c1d025.html?ftcamp=published_links%2Frss%2Fcompanies_banks%2Ffeed%2F%2Fproduct

Banking News – Energy Woes to Test Real Estate Underwriting in Shale Regions
&nbspBankers in the Bakken Shale region of Montana and North Dakota are keeping an eye on exposure to hotels, apartments and retail space as fiscal slowdowns occur in energy producing markets. Bankers in the Marcellus Shale region are also on alert, though there might be less exposure since that region had not yet had a enhancement boom.
Union Banking – http://www.americanbanker.com/news/union-banking/energy-woes-to-test-real-estate-underwriting-in-shale-regions-1079614-1.html

Banking News – Citi to sell stake in Guangfa for $3bn
&nbspSale to China Life Indemnity sees another foreign bank exit from investment in a Chinese lender
FT.com – Banks – http://www.ft.com/cms/s/0/53f7a896-dedc-11e5-b072-006d8d362ba3.html?ftcamp=published_links%2Frss%2Fcompanies_banks%2Ffeed%2F%2Fproduct

Banking News – Domestic culture holding banks back
&nbspSurvey finds that bankers expect noteworthy cost savings from rising utilities
FT.com – Banks – http://www.ft.com/cms/s/0/48947d96-dca0-11e5-8541-00fb33bdf038.html?ftcamp=published_links%2Frss%2Fcompanies_banks%2Ffeed%2F%2Fproduct

Banking News – Gold gains as investors seek refuge
&nbspMarkets’ huge small puts investors on yellow brick road to safety
FT.com – Banks – http://www.ft.com/cms/s/0/9f127f98-dede-11e5-b072-006d8d362ba3.html?ftcamp=published_links%2Frss%2Fcompanies_banks%2Ffeed%2F%2Fproduct

Banking News – Why Deutsche Börse-LSE deal makes sense
&nbspA fiscal bridge between London and Frankfurt would be a grand project
FT.com – Banks – http://www.ft.com/cms/s/0/8d9e7aa0-ded4-11e5-b072-006d8d362ba3.html?ftcamp=published_links%2Frss%2Fcompanies_banks%2Ffeed%2F%2Fproduct

Banking News – UK declines to extend EU bonus cap rules
&nbspBoE and FCA argue with version of EU law that would extend limits to small financials
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/e67a0630-dee8-11e5-b072-006d8d362ba3.html?ftcamp=published_links%2Frss%2Fcompanies_financial-air force%2Ffeed%2F%2Fproduct

Banking News – Poage Bankshares in Ky. Names Chairman
&nbspPoage Bankshares in Ashland, Ky., has promoted Thomas Burnette to chairman of the boards of the company and its Town Square Bank subsidiary.
Union Banking – http://www.americanbanker.com/news/union-banking/poage-bankshares-in-ky-names-chairman-1079608-1.html

Banking News – BlackRock attacks Hong Kong-listed miner
&nbspUS fund manager miserable that G-Assets is selling its main asset
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/91dc07ae-debb-11e5-b072-006d8d362ba3.html?ftcamp=published_links%2Frss%2Fcompanies_financial-air force%2Ffeed%2F%2Fproduct

Banking News – BlackRock attacks Hong Kong-listed miner
&nbspUS fund manager miserable that G-Assets is selling its main asset
FT.com – Banks – http://www.ft.com/cms/s/0/91dc07ae-debb-11e5-b072-006d8d362ba3.html?ftcamp=published_links%2Frss%2Fcompanies_banks%2Ffeed%2F%2Fproduct