Hints and tips:
...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....
...BBVA’s operations in Mexico accounted for more than 40 per cent of its net income during the first nine months of the year....
...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....
...A pre-feasibility study of the Sonora project estimates that it could produce 17,500 tonnes per year of battery-grade lithium for the first two years, rising to 35,000 tonnes per year....
...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....
...Last month the Toronto-listed company raised £8.8m through issuing new shares for the project, which is not expected to start its first phase of production until the first half of 2018....
...This is the first time Napster has been available in the Latin American market since its acquisition by Rhapsody....
...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....
...That came just hours before First Niagara Financial Group Inc. in Buffalo announced the biggest bank merger since the peak of the 2008 financial crisis, a $1.5 billion acquisition of NewAlliance Bancshares...
...The last US bank to go public until Wednesday was Houston-based Encore Bancshares in July 2007. Its share price has fallen 54.4 per cent since its launch....
...Huntington Bank was the top advancer, rising 29 per cent for the five days, as it turned a profit for the first time since 2008....
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