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The bank has brought in mortgage industry veteran Ken Logan as senior managing director to oversee a broader range of financing it's offering to home lenders. [ABSTRACT FROM AUTHOR]

November 29, 2021 Synovus Financial has hired a former Regions executive to head up the Georgia bank's foray into corporate and investment banking. Dierdorff will bring growth opportunities as he builds out Synovus' corporate and investment banking business, CEO Kevin Blair said in a press release Monday. [Extracted from the article]

Provides data on the financial performance of banks in the United States as of January 11, 1999. Top 50 banks; Gainers and losers; Percentage changes in average daily volume; Top financial services companies; Top thrifts; Top community banks.

A chart is presented which ranks 100 financial service companies by the amount of their revenue in 2011 including Ness Technologies in Israel, BancTec in Texas, and SmartStream in England.

The article reports that the $16.4 billion-asset company, Emigrant Bank of New York, needs capital while it is waiting for the real estate markets to recover. The company's formation by brothers Howard and Paul Milstein in 1986 is noted. Emigrant's losses, 2008 writeoff of its Freddie Mac investment, and the problem of asset quality are discussed.

The article presents an overview of forecasts for the 2009 financial performance of four of the largest banks in the U.S. Performance predictions for J. P. Morgan & Chase, Bank of America, Wells Fargo & Co. and U.S. Bancorp are discussed. A discussion of financial problems which most U.S. banks saw in 2008 is presented.

The author reports on the banking industry's 2007 fourth quarter earnings. Loan loss provisions which were taken during the quarter are discussed. The author's opinions on loan loss provisions which may occur in 2008 due to non-performing assets are discussed. Comparisons are made to the loan losses experienced during the fourth quarter of 2007 to loan losses which occurred in the 1980s.

The article discusses third quarter reports for the banking industry in 2007, which are expected to generate controversy over fair-value measurements. Corporate executives are to present earnings under generally accepted accounting principles, which will be accompanied by figures put forth as core, operating, and cash performance. These additional metrics are intended to illustrate or, critics say, obfuscate performance.

The article reports on banks' investment decision making in determining where to place their capital. Loan productivity is slowing and the banking industry is searching for different options. One possibility presented is stock repurchases to shareholders. The article compares stock buybacks to dividend payments and states both signal slowing growth.

The article looks at bank mergers and acquisitions (M&A). Brian Sterling, the co-head of investment banking at Sandler O'Neill & Partners, said the environment is creating a lot of M&A, but we are in a situation where there are too many sellers and not enough buyers. The article discusses mergers of equals and bank growth.

Nicolet did not disclose the price it will pay for the $150 million-asset Advantage. "Banking is still a people-driven business and we have found experienced bankers at Advantage who have a solid reputation for serving their customers", Daniels added. [Extracted from the article]

The article reports that Fifth Third Bancorp has brought in several executives from top banking companies to help work on Fifth Third's turnaround. In the last few years Fifth Third ran into operational and financial problems and its stock began to slide. The new executives include John Presley, Winston Wilkinson, Charles Drucker, Malcolm D. Griggs, Greg D. Carmichael, and Christopher G. Marshall. Fifth Third's plans for the future are discussed.

Focuses on Citigroup Inc. Impact of changes on the company as a business; Role of chief executive officer Charles O. Prince in restoring the reputation of the nation's largest bank; Prince's focus on growth, particularly in the retail bank; Comments of Prince; Personnel and operational changes; Response of Prince to skepticism over the consumer reorganization; Issue of efficient use of capital; Background on Prince; Views of analysts.

Focuses on William A. Cooper, head of TCF Financial Corporation, who is the recipient of "American Banker" magazine's Innovator of the Year award for 2004. How Cooper's bold moves in payments and his challenge to Visa is leading the way for smaller banks; Information on TCF of Wayzata, Minnesota; Comments of Cooper; TCF's recent offer of a free, non-revolving charge card that rewards purchases with airline miles; Other changes at the company; Cooper's energetic opposition to the 2003 settlement by Visa USA and MasterCard International of the antitrust class action against them led by Wal-Mart Stores Inc.; How Cooper turned around TCF, which was on the verge of bankruptcy in 1985; Biographical and Career details.

Reports on the success of the acquisition of Donaldson, Lufkin & Jenrette Inc. by Credit Suisse First Boston Corp. Statement that the stresses of an investigation into Wall Street practices associated with initial public stock offerings have reflected poorly on the deal; Departure of Kenneth D. Moelis, CS First Boston's co-head of investment banking for the Americas, for a position with rival company UBS Warburg; Speculation regarding obstacles faced by the company's initial public offering.

Reports on the increase in the first quarter profits of Citigroup Inc. and Bank of America Corp. as of April 18, 2000. Mixed performance of regional banks; Surge in Citigroup's net income surpassing analysts' estimates; Market volatility that analysts say can dampen banks' profits.

The article focuses on a 200-million dollar funding round led by the venture capital firm New Enterprise Associates in business payments and expense management platform provider Divvy. The Series C funding was also participated in by investors Pelion Venture Partners and Insight Venture Partners. A quarter-over-quarter revenue growth of more than 30 percent was also posted by the company.

The article focuses on a capital campaign launched by thinly capitalized Union Yes Federal Credit Union in Orange, California looking to raise 4 million U.S. dollars to finance its growth prospects. Topics covered include the interest rate and durations of the subordinated debt it offers, how capital raised by credit unions could affect banks, and the commitment by banks to oppose steps to make it easier for credit unions to raise outside capital.

The article reports that Figure, a company founded by Mike Cagney, the former chief executive of Social Finance, is planning a funding round to support the company's expansion into other financial services, including wealth management. Topics discussed include Figure's use of blockchain technology to provide home equity loans online, amount in home equity lines of credit provided by Figure since 2018 and target customers of Figure.

The article deals with the plan of the British bank Metro Bank to raise roughly 465 million dollars through share sale to fix a deficit on its balance sheet. Among the financial services companies hired by the bank to sell the shares were RBC Capital Markets, Jefferies and KBW. The challenger bank is being led by chairman Vernon Hill and it is one of the banks that are challenging the nation's major lenders.

The article reports that the U.S. Federal Reserve Board unanimously voted in November 2018 to finalize changes to its supervisory ratings system to better reflect the agency's post-crisis emphasis on bank capitalization, liquidity and governance. Topics include the elimination of the RFI ratings system, the central bank's use of the large financial institution or LFI ratings system and the Fed's application of new attention to other aspects of bank safety and soundness.

The article reports on the claim by Revere Bank of Maryland in September 2018 that it has raised 47.1 million dollars via public offering as it sold 1.6 million shares of common stock at 29.25 dollars per share.

The article reports that artificial intelligence software provider ThetaRay had successfully raised 30 million dollars in 2018. The company provides machine learning and artificial intelligence technology for detecting financial crime. It is noted that the company's successful fundraising campaign shows the robustness of the regulatory technology software market.

The article reports on the 100 million dollar initial public offering (IPO) of point-of-sale fintech provider GreenSky targeted at facilitating health care lending. Data provided shows GreenSky's total revenue and net income in 2017 compare to 2016 and 2015. It also informs about the venture of Greensky into online retail, power sports, auto repair and jewelry lending as well as its settlement of several legal actions to avoid the time and expense of contesting them.

The article highlights the financial performance of Citizens Financial Group in the first quarter of 2018. Topics discussed include increase in the company's earnings, gains from consumer lending, and decline in fee income. Also mentioned are the company's net interest income, total deposits, and noninterest income and expenses.

This section offers news briefs on the U.S. banking industry as of April 17, 2018. Bank of America reported increases in its profit and revenue in the first quarter of 2018. Wells Fargo announced a plan to restate its earnings for the period. The Federal Reserve has approved a proposal to introduce a loan-loss accounting rule.

The article reports on the fund raised by the mobile-first bank N26 in Berlin, Germany, in preparation for its launch of a challenger bank in the U.S. Allianz X and Tencent Holdings co-led the Series C funding round. The bank's U.S. chief executive officer (CEO) Nicolas Kopp expects part of the fund to be used on product development for the existing offering in Europe.

The article discusses the U.S. managers in the collateralized loan obligations (CLO) industry's relationship with risk retention. An overview of the Washington, D.C. (District of Columbia) Circuit Court of Appeals' decision on the federal regulation of CLO managers' acquisition of collateral, is provided.

The article reports that BankFirst Capital had raised 16.4 million dollars following the completion of a private placement that will be used to expand its balance sheet, leverage existing infrastructure and boost profitability.

The article reports on the questions raised by Citigroup chief executive Michael Corbat's reassurances that the bank's capital will rebound from the impact of the new U.S. tax reform in the fourth-quarter of 2017. Topics include the decline in Citigroup's common equity Tier 1 capital ratio in the fourth-quarter, other factors that contributed to the drop such as share buybacks, and the views of analyst Marty Mosby on Citigroup's forecast of higher capital returns to shareholders.

This section offers news briefs on the U.S. banking industry as of January 2018. Topics include the fourth-quarter loss recorded by Citigroup after it took a 22 billion dollar charge related to new tax law, the different effects from the tax reform law reported by JPMorgan Chase and Wells Fargo in their financial results for the fourth-quarter and a lawsuit filed against big banks including Bank of America, HSBC and Deutsche Bank for allegedly manipulating the Canadian Dealer Offered Rate.

The article presents information related to the financial services industry and banking industry in the U.S. These include the projected 5 billion U.S. dollar earnings charge for Goldman Sachs because of the tax reform law, the the court ruling that found PricewaterhouseCoopers negligent in connection with the failure of Colonial Bank, and the market gain of bitcoin. The decision of Deuteche Bank to pay normal bonuses and pay increases is mentioned.

The article reports on the plan of Fair Lawn, New Jersey-based mutual fund Columbia Financial to raise up to 493 million as part of its plan to become publicly traded. Topics discussed include value of the stock it plans to sell, amount the company could raise depending on the number of shares sold and the pricing, and where the company will use the net proceeds.

The article reports on the profit growth posted by Texas Capital Bancshares for the third quarter of 2017 driven by loan growth and higher interest rates. Data provided shows the bank's net income, earnings per share, net interest income after loan-loss provision, total loans, average yield on loans held for investment, net interest margin, loans held for investment in mortgage-finance lending, noninterest income and noninterest expense.

The article reports that U.S. banks are concerned over the increase in defaults on credit card loans, with banks JPMorgan Chase and Citigroup boosting their loan-loss reserves in anticipation of further losses in their card portfolios. Topics discussed include investors' anticipation of more defaults and lower overall profits due to high household debt, increasing risks in consumer lending, Citigroup's net credit losses and JPMorgan's net chargeoffs.

This section offers news briefs on the banking industry as of October 13, 2017. JPMorgan Chase and Citigroup posted increases in their profits and revenues for the third quarter. John Flint has been named chief executive officer (CEO) at HSBC. Money manager BlackRock posted an increase in assets under management at the end of September.

The article announces that LendKey, a provider of software to banks and credit unions, has raised 13 million U.S. dollars of Series C funding on July 20, 2017, proceeds of which will be used to expand services, staffing and office space.

The article reports on banking company Citi's investment in distributed ledger technology firm Axoni. Topics covered include the size of Axoni's Series A investment round, other investors such as Goldman Sachs, Thomson Reuters and F-Prime Capital Partners, and the trend of the spreading of bets in the blockchain field. Also mentioned are collaborations between Citi and Axoni on distributed ledger deployments.

The article reports on a sharp increase in profits of Associated Banc-Corp in Green Bay, Wisconsin due to higher fee income and lower credit costs. Topics discussed include a strong growth in the company's noninterest income, a rise in commercial real estate lending, and an expected decline in interest income for 2017.

The article reports that profits at Webster Financial has increased 12% in the fourth quarter of 2016 due to record loan originations and a healthy gain on the sale of an asset. Topics discussed include increases in both interest and noninterest income, and Webster's opening of 17 new banking centers in Greater Boston, Massachusetts in 2016.

The article offers information on the Consumer Financial Data Rights group, a lobbying group formed by a consortium of fintech companies to advocate for allowing consumers to share their financial data with chosen third parties. Topics discussed include the growing debate between banks and fintech companies about sharing financial data, and the group's focus in promoting the sharing of data via open application program interfaces.

The article reports on the plan of Liberty Financial Services that it will redeem more than 11,000 shares of preferred stock it issued as part of the Troubled Asset Relief Program after receiving an investment from BancorpSouth in Tupelo, Mississippi as of December 2016.

This section offers U.S. banking news briefs. Wells Fargo announced that it will stop giving bonuses to its securities brokers for convincing customers to take out loans, mortgages, and other consumer lines of credit. The U.S. Federal Reserve is adopting the Total-Loss Absorbing Capacity (TLAC) rule to avoid future taxpayer-funded bailouts for big banks. Financial services company Citigroup partnered with online payments company PayPal for payments using mobile phones.

The article reports on the scheduled voting by the U.S. Federal Reserve Board in December 2016 on a final rule, known as Total Loss Absorbing Capacity (TLAC). Topics discussed are the proposal for Global Systemically Important Banks (G-SIB) to hold certain levels of unsecured debt to be issued by a clean bank holding company, and the requirement that the debt be held as Tier 1 capital rather than as common equity Tier 1 capital.

The article reports that the financial data aggregation company Finicity has raised 42 million dollars worth of financing. Topics discussed include the plan of Finicity to use the funds to expand its engineering and support units, the plan of the company to offer credit decision solutions through a digital platform and the companies that provided the funding for Finicity, with consumer credit reporting firm Experian leading the financing round.

The article reports on selling of common stocks being planned by the Southside Bancshares in Texas and HomeStreet Bank in Washington. Topics covered include goals of Southside Bancshares to raise funds for potential acquisition and bank organic growth with book-running manager Keefe, Bruyette & Woods. Also mentioned are goals of HomeStreet to sell 1.9 million shares for general corporate purposes such as bank support, growth opportunities and acquisitions.

The article reports on the announcement by Pinnacle Bank on December 5, 2016 of its plan to raise about 3 million U.S. dollars through a rights offering.

The article reports that in a news release on November 16, 2016, bank holding company Franklin Financial Network stated its plan to raise up to 62 million dollars through a common stock offering and proceeds will be used for purposes like organic growth and to reduce real estate loans concentrate.

This section offers news briefs on the U.S. banking industry as of October 2016. It cites a report on the profits and losses of Deutsche Bank for the third quarter of 2016. Also noted is the possible drop in used vehicle prices in the auto lending business in the U.S. Based on a report from the "Financial Times," blockchain technology is becoming popular in the country's banking industry.

The article highlights the financial performance of PacWest Bancorp in the third quarter of 2016. Topics discussed include the increase in the commercial banking company's year-on-year net interest income by 21.8 percent to 234.6 million dollars, the increase in total loans by 0.69 percent to 14.7 billion dollars, and the decrease in provision for credit losses by 3.4 percent to 8.4 million dollars.