Pershing Square hedge fund lost more than 90 per cent on holding
Banking watchdog poised to curb upstarts that have little expertise in risk control
Banks that are customers of one or both vendors may look to leverage the situation to get better terms for certain products. But would small clients get enough attention from the global player the merger would create?
Several startups have announced new funding rounds in the last month. They plan to use the cash to improve their products and ramp up sales.
Gulf Coast Bank & Trust wanted to expand beyond Louisiana. Buying a national SBA platform does that in a very big way.
Lower tax rates won’t be unqualified good news for banks, as a lower rate would reduce the savings that they get from making tax-exempt loans to cities, counties and other governmental agencies.
FDIC Vice Chairman Thomas Hoenig’s plan to allow large institutions to separate their core banking activities from their investment activities could allow the Trump administration a way to reinstate the Glass-Steagall Act.
The need for extraordinary loose money measures is diminishing
On Dec. 31, 2017. Dollars in thousands.
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.