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Rabobank"s Roseville operations to be acquired by Mechanics Bank

Mechanics Bank said Friday that it's agreed to buy most of Rabobank N.A.’s Roseville-based California operations for $2.1 billion and a 9.9 percent stake in the combined bank. The deal makes Walnut Creek-based Mechanics Bank (OTC: MCHB) a much larger b.....»»

Category: topSource: bizjournalsMar 15th, 2019

Mechanics Bank nearly triples in size with huge deal

The deal means that Walnut Creek-based Mechanics Bank will have much greater lending capacity and the ability to spread the fixed cost of technology over larger operations......»»

Category: topSource: bizjournalsMar 15th, 2019

Deutsche Bank Awards Bulk Of Bonus Pool To US Bankers Who Survived Mass Firing

Activist (or perhaps masochist) investors Cerberus Capital and Hudson Executive Capital have been pleading with Deutsche Bank to scale back its US operations and focus on Europe. But.....»»

Category: blogSource: zerohedgeMar 22nd, 2019

Nice Systems subsidiary selected by IDB Bank to aid financial crime operations

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallMar 19th, 2019

Euro: USD/EUR (EUR=X) Searches for Support

Euro: USD/EUR (EUR=X) Searches for Support EUR/USD tumbles to fresh yearly lows as the European Central Bank (ECB) plans to implement another round of Targeted Long-Term Refinance Operations (TLTRO), and .....»»

Category: topSource: livetradingnewsMar 7th, 2019

Southwest takes mechanics union to court over flight disruption

Southwest Airlines filed a lawsuit against its mechanics union on Thursday, accusing the workers of an illegal campaign to disrupt operations in order to improve their position in prolonged labor talks......»»

Category: topSource: reutersFeb 28th, 2019

V.Group Acquires Global Marine Travel From Inchcape

V.Group has acquired Global Marine Travel (GMT) from Inchcape Shipping Services according to a V.Group press release. The acquisition will increase the scale of V.Group's operations to offer global 24/7 travel services. read more.....»»

Category: blogSource: benzingaFeb 18th, 2019

Barclays says has spent up to 200 million pounds on Brexit

Barclays has spent 100 to 200 million pounds ($129-258 million) moving operations and staff out of Britain to prepare for Brexit, its UK chairman Gerry Grimstone said on Wednesday as bank bosses detailed the costs involved......»»

Category: topSource: reutersFeb 13th, 2019

How Venezuela is turning its useless bank notes into gold

Venezuela's most successful financial operations in recent years have not taken place on Wall Street, but in primitive gold-mining camps in the nation's southern reaches. Ciara Lee reports......»»

Category: videoSource: reutersFeb 12th, 2019

Wells Fargo Suffers Second Online, Mobile Banking Outage This Month

Service has been down for several hours. Wells Fargo online and mobile banking operations went offline Thursday morning, apparently nationwide. The technical difficulties were first acknowledged by the bank on social media at 9:28 .....»»

Category: europeSource: fortuneFeb 7th, 2019

Cincinnati’s second-largest private company makes acquisition

Greater Cincinnati’s second-largest private company has acquired a firm with operations in Mississippi and Alabama in an effort to expand its geographic footprint to the Gulf Coast. Montgomery-based Reladyne, which provides lubricants, fuels, d.....»»

Category: topSource: bizjournalsFeb 6th, 2019

"An Inability To Turn Around": Deutsche Bank Slides After Reporting Dismal Earnings

That merger between Deutsche Bank and Commerzbank, which is contingent on the biggest German lender's inability to turn operations around, is looking increasingly likely, beca.....»»

Category: blogSource: zerohedgeFeb 1st, 2019

Chef"d returns as a meal kit available in stores

The Chef’d brand is finding new life on supermarket shelves six months after the home-delivery meal kit company abruptly ceased operations and was subsequently acquired by True Food Innovations. True Food’s new Chef’d and True Chef meal kits will.....»»

Category: topSource: bizjournalsJan 31st, 2019

American Savings Bank puts 2 Oahu properties on the market ahead of HQ move

The bank will consolidate its operations at the new headquarters building by early April......»»

Category: topSource: bizjournalsJan 29th, 2019

Old National Bank CEO Bob Jones to retire

Bob Jones plans to retire May 2 as the chief executive officer of Old National Bank.  Jones plans to remain chairman of the board for the Indiana-based company, which has operations in the Milwaukee market. Jim Ryan, Old National’s chief financial.....»»

Category: topSource: bizjournalsJan 16th, 2019

Georgia firm buys Fairway Outdoor billboards in five markets – including Triad

Outdoor advertising owner Lamar Advertising Co. (Nasdaq: LAMR) has acquired Roswell, Ga.-based Fairway Outdoor Advertising's billboard operations in five U.S. markets – including the Triad. The deal gives Lamar more than 8,500 billboard faces, .....»»

Category: topSource: bizjournalsDec 26th, 2018

Exclusive: China Development Bank supervising HNA asset sales - sources

China Development Bank (CDB) is leading a team to supervise HNA Group's asset disposals as the heavily indebted conglomerate scales back operations to a point that will leave it holding only core assets, people familiar with the situation said......»»

Category: topSource: reutersDec 14th, 2018

Marathon Oil and Bank of America drop; Nutrisystem jumps

Stocks that moved substantially or traded heavily Monday: Nutrisystem Inc., up $9.48 to $43.68 The weight loss company agreed to be acquired by Tivity Health for $47 a share in cash and stock......»»

Category: topSource: foxnewsDec 10th, 2018

BMO Harris Bank plans flagship HQ in downtown Chicago

BMO Financial Group plans to construct a new flagship headquarters in downtown Chicago.  The banking firm announced the plans Monday. BMO acquired Milwaukee-based Marshall & Ilsley Bank in 2011. In addition to building a tower in downtown Milwauke.....»»

Category: topSource: bizjournalsDec 10th, 2018

BB&T local leader"s role eliminated as part of management streamlining efforts

The bank is consolidating its Pennsylvania operations from three to two regions, with both reporting to an executive in its North Carolina headquarters rather than Allentown-based Scott Fainor......»»

Category: topSource: bizjournalsDec 10th, 2018

Julius Baer in talks with Santander over Venezuela business: sources

Swiss private bank Julius Baer is in talks about transferring its Venezuelan book of business to Spain's Banco Santander as Baer reorganizes operations in Latin America, sources close to the situation have told Reuters......»»

Category: topSource: reutersDec 8th, 2018