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- BofA, JPMorgan Can Only Watch as U.S. Bancorp, PNC Seek Targets
U.S. Bancorp and PNC Financial Services Group Inc. may lead the biggest boom in bank takeovers since 2007, and this time, the largest lenders can only sit and watch.
- Lehman Brothers, AbitibiBowater, Black Crow, W Union Square: Bankruptcy
Lehman Brothers Holdings Inc. said yesterday that it will invest another $1 billion in its two non- bankrupt bank subsidiaries, Aurora Bank FSB and Utah-based Woodlands Commercial Bank.
- Banks' Appetite to Lend for Resources M&A May Be Back, Ernst & Young Says
BHP Billiton Ltd. ’s loans to fund its $40 billion hostile takeover bid of Potash Corp. of Saskatchewan Inc. may mean banks have a renewed appetite to finance large deals, Ernst & Young LLP said.
- Industrial Alliance Acquires Golden State Mutual Business
force policies assumed under reinsurance agreement
- Financial Services on Aisle Nine: Wal-Mart Gives Banks a Run for Their Money
Despite being pilloried by the public lately, a banker's lot can't be all that bad. At least, that's what Wal-Mart executives must be thinking. Over recent months, there has been a flurry of announcements from the world's largest retailer about the expanding array of banking products sold at its U.S. stores. Company officials insist that their main aim is to reach the "unbanked" and "underbanked ...
- Scotiabank reports third quarter earnings of over $1 billion
Earnings per share of $0.98 compared to $0.87
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