First Horizon's offer price of $40.83 per share represents a discount of about 3 percent to Capital Bank's Wednesday closing. The combined company will have $40 billion in assets and $32 billion in deposits and will operate more than 300 branches across the Southeast, including Tennessee, South Carolina, Florida and Virginia. First Horizon will offer 1.750...
Capital Bank shares were trading below the offer price at $40.50 before the bell on Thursday. First Horizon will offer 1.750 shares and $7.90 in cash for each Capital Bank share-- a ratio of 80 percent stock and 20 percent cash. First Horizon operates 170 branches across Tennessee and the Southeast, and Capital Bank operates 193 branches in North and South...
Societe Generale reported a drop in profits for the first three months of the year on Thursday.
CNBC's Ylan Mui on what Treasury Secretary Steve Mnuchin had to say when he addressed the nation’s community bankers today.
BNP Paribas beat analyst expectations on Wednesday as the French bank's bottom line received a boost from an uptick in bond trading.
President Donald Trump welcomes members of the Independent Community Bankers Association to the White House.
Financials are on fire and regional banks are leading the way. CNBC's Landon Dowdy reports.
The "Halftime Report" traders tackle a bullish call on KeyCorp and debate the rest of the regional banking sector.
I think "too big to fail is a real thing" and we need to do more about it, says Brent Beardall, Washington Federal CEO, explaining why does not want to get rid of Dodd-Frank but rather see existing regulations based on risk and not arbitrary thresholds.
TOKYO, April 19- Japanese stocks edged down in choppy trade on Wednesday morning as geopolitical tensions soured investor sentiment, while regional banking stocks underperformed as Japanese government bond yields fell to five-month lows. Escalating tensions between the United States and North Korea also kept investors nervous, while eyes were also on...
If you want a microcosm of the problem with banking, you should look at what the big regional banks are saying.
The bank said provisions for bad loans dropped 89.2 percent to $16 million for the first quarter ended March 31. The Dallas- based bank said net income attributable to common shareholders rose to $200 million from $59 million. Earnings per share rose to $1.11 from 34 cents.
The Dallas- based bank said on Tuesday net income attributable to common shareholders rose to $200 million in the first quarter ended March 31, from $59 million a year earlier. Earnings per share rose to $1.11 from 34 cents. Provisions for bad loans fell 89.2 percent to $16 million, while net interest income rose 5.1 percent to $470 million.
PNC's stock jumped after the bank reported earnings and revenue that beat Wall Street's expectations.
Here's the full interview of Rafferty Capital Markets’ Dick Bove on CNBC's "Squawk Box."
Marty Mosby, Vining Sparks, weighs in on the investigation into Wells Fargo's sales scandal and why lending will likely be a "soft spot" in the banking sector.
NEW YORK, April 10- Among its regional bank-wide sales campaigns, Wells Fargo& Co's "Jump into January" program was notorious for the impact it had on staff. Initially designed to motivate branch employees to exceed sales goals, the pressure to beat higher daily sales targets instead encouraged them to forge customer signatures, hold off on opening accounts...
Barclays has announced CEO Jes Staley is being investigated by two U.K. regulators regarding his individual conduct after he attempted to identify a whistleblower at the bank in 2016.
In addressing "too big to fail" banks, Minneapolis Fed President Neel Kashkari says big banks need to double down on equity capital while smaller banks are not systemically risky to the economy. Safety isn't free, says Kashkari.
*Portugal bond yields rise as Novo Banco sale faces hurdles. LONDON, April 4- Italy outperformed other euro zone government bond markets on Tuesday after the European Commission said there could be a solution on a bailout for two struggling Italian lenders. "Italy's banking sector has been a never-ending story, so any news pointing towards state support reduces...