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...The last significant US bank to fail was First Republic, which was closed by the Federal Deposit Insurance Corporation in early May....
...Once seen as the future of finance, the plans of companies such as Affirm, Dave Inc, MoneyLion and Upstart Holdings to take on established financial institutions are fizzling out....
...A version of this article was first published by the Nikkei Asian Review on October 28. ©2019 Nikkei Inc. All rights reserved....
...BBVA’s operations in Mexico accounted for more than 40 per cent of its net income during the first nine months of the year....
...It narrowly beats the $39bn combination between rivals Fiserv and First Data in January....
...The dozen banks in the Dow Jones mid-cap US banks index are Signature, Comerica, Citizens, Regions, M&T, Silicon Valley Bank, CIT, Fifth Third, Huntington Bancshares, KeyCorp, First Republic and Zions....
...At 20 times forward earnings Tropicana shares already look cheap compared with peers Eldorado Resorts and Churchill Downs, which trade at about 25 times....
...were Barrick Gold, whose shares fell 4 per cent; Gold Fields Limited, which was down 5.1 per cent; Harmony Gold Mining, which dropped 5.25 per cent; Agnico Eagle Mines, which was off 5.1 per cent; and Eldorado...
...The weakest performers in the “severely adverse” simulation were Huntington Bancshares, which is based in Ohio, and Montreal-based BMO Financial....
...Every one of the 33 US banks that took the first part of the annual stress test passed it, the Fed announced on Thursday afternoon....
...A survey of senior loan officers by the Fed in the first quarter found a net 23 per cent were tightening standards for “multifamily” projects — big apartment blocks....
...In August, North Carolina-based BB&T bought Pennsylvania-based National Penn Bancshares for around $1.8bn....
...Analysts estimate second-quarter earnings growth of 5.4 per cent compared with 3.4 per cent in the first quarter, according to FactSet....
...Success studies offer corporate leaders an amalgam of the elixir of life, Eldorado and the perpetual motion machine. But such promises also stoke controversy if not fulfilled....
...Separately, Huntington Bancshares, a neighbour of PNC’s in Ohio, reported improved net income of $153.3m compared with $126.4m a year earlier....
...First Solar slumped 10 per cent to $38.70, on reports the German government will cut subsidies for solar energy....
...The deal would mark another large expansion for First Niagara, which last year merged with Connecticut-based NewAlliance Bancshares in a $1.5bn deal....
...Most have had far longer to prove themselves as businesses than those of the first wave....
...The performance of an IPO on its first day of trading, however, also forms the basis of claims that company flotations are underpriced rather than overpriced....
...The US Treasury said on Wednesday that Huntington Bancshares, First Horizon National, Wintrust Financial, Susquehanna Bancshares and Heritage Financial each bought back all of the government’s outstanding...
...The US Treasury said on Wednesday that Huntington Bancshares, First Horizon National, Wintrust Financial, Susquehanna Bancshares and Heritage Financial each bought back all the government’s outstanding preferred...
...Shares in the regional bank, which merged with NewAlliance Bancshares for $1.5bn last year, fell 2.7 per cent to $11.92....
...Glencore was four times oversubscribed and raised $11bn in London, while LinkedIn went from $45 to more than $120 on its first day of trading in New York....
...First Niagara, a New York bank, on Thursday agreed to buy another north-east based lender, NewAlliance Bancshares, in the largest unassisted US bank deal since the financial crisis....
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