Major M&A Possible for Unicredit in the Medium Term

Unicredit, the listed Italian bank, may engage in major M&A transactions in the medium term, a source close to the company and two sector bankers told CTFN. A source close to Unicredit said: “Unicredit set ambitiousfeatured

Acquisition of FirstMerit by Huntington Looks Set to Close This Quarter

Huntington Bancshares’ $3.4 billion deal to acquire FirstMerit Corp. should easily win federal bank regulatory approval although the deal leaves behind the issue of what will happen after the closure or consolidation of 107 bank branches as a result of the transaction, according to an Ohio fair housing executive who has closely monitored the merger. … Read Morefeatured

Comerica Sale Unlikely Short Term

Comerica said at its annual meeting Tuesday that it recognizes the sense of urgency to improve the bank’s returns. Facing growing pressure from a number of activists, the Dallas-based bank said several times during the gathering that it is exploring alternatives, include a sale. However, a sale of the bank holding company is unlikely at … Read Morefeatured

BMO’s Interest in US Assets Could Extend to CIT

Wall Street speculation that BMO Financial Group might be eyeing CIT Group remains just that — speculation — but should such a pairing ever materialize it could benefit both companies, according to one economist who closely studies Canada’s banking industry. “If the rumor about BMO kicking the tires of CIT are well-founded, the only real … Read Morefeatured

Bribery Scandal Could Cloud Diebold Deliberations

Diebold and its German rival Wincor Nixdorf were closing in on a deal to merge the two ATM manufacturers in a transaction that would create the leading maker of cash machines in the world. But the proposed merger, which both companies say is in the discussions stage, could be dogged by regulatory reviews in thefeatured

Clock Ticking Down on M&T-Hudson City Merger

With the clock rapidly ticking down on one of the longest pending bank mergers in U.S. history — M&T Bank Corp.’s proposed acquisition of Hudson City Bancorp — an expert in financial mergers who has closely followed the twisting saga believes the deal will likely be approved, provided the Federal Reserve is convinced that M&T … Read Morepublic

Housing Advocates Praise M&T Bank-Hudson City Merger Despite Criminal Probe

It has been three years since M&T Bank Corp. and Hudson City Bancorp, Inc., announced that the two East Coast bank holding companies planned to merge in a deal then worth $3.7 billion. At long last, the Federal Reserve has indicated that it will render a decision on the merger no later than September 30, but … Read Morefeatured

Will M&T Bank’s Compliance Efforts Satisfy the Federal Reserve?

Delays in gaining approval for bank mergers seem to have become standard operating procedure. But the proposed merger between M&T Bank Corp. and Hudson City Bancorp is setting a record for the longest delay in banking history. M&T Bank’s $3.7 billion acquisition of Hudson City was first announced in August 2012. Nearly three years later, … Read Morefeatured

Fed Asked to Probe New Foreclosure Data by CIT/OneWest Merger Critics

A coalition of 300 California nonprofits and public agencies opposed to the proposed $3.4 billion merger of CIT Group and OneWest Bank is calling for federal banking regulators to investigate findings that show a disproportionately high number of OneWest foreclosures occurring in minority communities throughout the state, CTFN has learned.public

Critics Charge CIT-OneWest with “Misleading” Data on Mortgage Servicing

April 24, 2015 – by Robert W. Welkos – For months, John A. Thain, the chief executive of CIT Group, has confidently predicted that his company’s $3.4 billion merger plan with California-based OneWest Bank will be completed by mid-year. But considering that the merger is still being scrutinized by the Federal Reserve Board, Thain’s remarks … Read Morepublic

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