PacTrust Bancorp's merger is “unique to Southern California”
PacTrust Bancorp's merger is “unique to Southern California,” according to Robert Franko, PacTrust Bank President and CEO.
Commercial banks
US Banks See Loan Demand Drop, Fed Survey Says
US banks have observed a fresh decline in loan demand for industrial purposes and household demand for credit during the first quarter of the year, according to a Federal Reserve survey.
US Regulators Take Hold of Troubled Lender Republic First and Agree to Sell It to Fulton Bank
US regulators have taken hold of Republic First Bancorp and arranged to sell it to Fulton Bank...
HSBC Is Considering Selling Some Business Units in Germany to Focus on Asia as It Further Exits From Europe
HSBC is reportedly considering selling various business units in Germany...
Swiss Banking Giant UBS Intends to Broaden Business Footprint in the US
Swiss banking giant UBS intends to seek merger and acquisition opportunities in the United States in the years ahead...
Investors Led by Ex-Trump Official Invest $1 Billion to Troubled US Bank
Steven Mnuchin, the US Treasury Secretary under former president Donal...
Warren Buffett-Backed Capital One to Buy Discover Financial in $35 Billion Deal
Warren Buffett-backed Capital One is set to acquire US credit card iss...
Latest News
Denmark Urges Banks to Ignore SME Capital Provision
Denmark advised Danish banks to disregard the European directive to reduce exposure charges
Canadian dollar fluorishes amidst crisis
While many currencies have floundered, the Canadian dollar has provided great returns to investors.
Bill to separate traditional and investment banking to be reintroduced
US senators have announced a plan to reintroduce Glass-Steagall Act.
China's Central Bank moving to make yuan more international friendly
The People's Bank of China has released notice to require banks and companies to use the yuan in their international transactions.
State-controlled bank receives bid from fourth lender
Geniki Bank presents its binding bid for troubled New Hellenic Postbank.
New regulation allows Consumer Bureau to punish abusive collection methods by banks
The U.S. Consumer Bureau announced that banks supervised by them may now face penalties if they mistreat clients during collection.
Indian government banks need to put up US$25 billion
India state-run banks have been required to submit plans on how to raise US$25 billion.
Indian YES Bank Looks to Increase Capital
YES Bank is close to securing additional capital funds.
Asian stocks rose with Europe rally, euro frets
Asian stocks were swept up by Europe's rally while Euro continued to sulk.
