Credit unions bought a record-breaking 20 banks in 2024
The unprecedented number of deals came in a year when banks struggled to find merger partners in their markets.
Turnaround artist Parsons ‘left everything better than he found it’
Richard "Dick" Parsons, the former Citigroup chairman who died Thursday, is credited with helping the New York megabank survive the financial crisis. Earlier in his career, he led Dime Savings Bank out of the savings-and-loan crisis.
FDIC, Vanguard reach agreement over large stakes in U.S. banks
A passivity agreement with the FDIC means that when the asset management giant Vanguard owns more than 10% of an FDIC-overseen bank, it can't seek certain levels of control over the bank's behavior.
HomeStreet agrees to sell nearly $1 billion in multifamily loans
The Seattle-based company's deal with Bank of America comes five weeks after the termination of its planned sale to FirstSun Capital Bancorp in Denver.