UK bank to launch online investment service for customers with less than £15,000
Month: May 2017
People’s Utah Bancorp and Town & Country Bank agree to merge
People’s Utah Bancorp (PUB) and Town & Country Bank have entered into a definitive agreement to merge Town & Country Bank, a community bank based in St. George Utah, into People’s Intermountain Bank, a wholly owned PUB subsidiary.
Buyout fund investors must get over their ‘FoMo’
The longer they let their fear fester, the more it will cost them
CVC Capital sets new European fundraising record
Private equity group raises €16bn as investors scramble to back leveraged buyouts
The other big risk in auto lending
GrandSouth Bancorp’s issues with floor-plan loans to car dealers serve as a reminder of another pitfall in auto lending besides consumer loans.
A well-known digital bank could be back on the block
Customers Bancorp is weighing two cash offers and other options for BankMobile after Flagship Community Bank was unable to raise the capital needed to buy the unit.
US bank stocks head towards bear market territory
Fading hopes for Trump agenda leave Goldman Sachs 16.5 per cent below March peak
Spanish banks, corporations create cross-industry blockchain platform
Several leading banks and corporations in Spain are launching a cross-industry development platform called Red Lyra, leveraging blockchain technology to streamline the creation of services that use digital identities.
Banks’ near-term outlook in three words: ‘Solid, not stellar’
Loan growth is tepid, optimism has waned for regulatory and tax reform, and questions abound on consumer credit, bank CEOs are warning as midyear approaches.
KeyCorp to buy fintech firm that helped it score with customers
KeyCorp is acquiring HelloWallet, a personal financial management product it has offered its bank customers since 2015, from the investment research firm Morningstar.