Banking & Capital Markets

M&A

Morgan Stanley Buys Asset Manager Eaton Vance

The $7 billion deal will advance Morgan Stanley's push into investment management as it shifts away from trading.

Matthew Heller
October 9, 2020
Risk Management

Citigroup Fined $400M Over Risk System Defects

“The public rebuke marks a major escalation of regulators’ efforts to get Citigroup to fix its risk systems."
Credit & Capital

Banks Wary of Fed’s Main Street Loan Program

Loan officers cited the financial condition of borrowers and overly restrictive terms for not approving loans under the key pandemic relief plan.
Mobile

Nio Trades Down After Upsized Equity Offering Prices at Discount

With the offering, the Chinese electric vehicle company expects its cash reserves to exceed $2.9 billion.
Regulation

Fed Clamps Down on Bank Capital Distributions

The regulator is seeking to “ensure large banks remain resilient despite the economic uncertainty" from the coronavirus pandemic.
Credit

U.S. Banks’ Profits Sink 69% to $18.5B in Q1

Banks diverted earnings to reserves for "newly risky loans as the coronavirus tanked credit health and plunged the U.S. into a recession."
Credit

W.Va. Bank Fails After Years of Financial Woes

First State Bank had "experienced longstanding capital and asset quality issues, operating with financial difficulties since 2015,” the FDIC says.
Financial Performance

Ally Financial’s Profit Drops by More Than Half

“We saw steady improvement throughout the [second] quarter as shelter-in-place orders eased and dealers quickly adapted to the COVID environment."
Regulation

Fed Offers Liquidity to Foreign Central Banks

The new FIMA Repo Facility is the Fed's latest move to relieve stresses in financial markets resulting from the coronavirus crisis.
Regulation

Fed Loosens Examination Reins on Banks

The Fed is reducing its focus on exams to “minimize disruption and burden" on banks during the coronavirus crisis.
Credit

Square Analysts React to FDIC’s Conditional Banking License Approval

The fintech company began its bid for a banking charter over two years ago.
Banking & Capital Markets

Plan Now for an Orderly Transition from Libor

Complying with the switch to alternative risk-free rates will be a massive undertaking for financial institutions and other companies.
1 2 3 … 492

Latest Articles

Health Benefits

7 Ways COVID-19 Will Transform Health Care

October 14, 2020
Regulation

Pilgrim’s Pride to Pay $110M to Settle Price-Fixing Charges

October 14, 2020
IPOs

McAfee Targets $814M in IPO Funding

October 14, 2020
Auditing

Anti-Trust: The Battle Over China-Based Issuers

October 14, 2020
IPOs

Finance of America Plans $1.9B SPAC Merger to Go Public

October 13, 2020