Merion Road Capital Management LLC and Blue Hill Advisors LLC, shareholders of United Bancorporation of Alabama Inc. (UBAB), are asking the company's board to appoint two investment executives as inde...
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EverBank Financial Corp., the parent company of EverBank N.A., and WaFd, Inc., the parent company of WaFd Bank, on Sept. 7 announced that they have entered into a definitive $3.9-billion reverse merge...
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The Securities and Exchange Commission (SEC) is seeking to rescind its “pay-to-play” rule that prohibits investment advisers from providing compensated investment advisory services to a government...
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A new study from the American Property Casualty Insurance Association (APCIA) found that reforms enacted in 2022-2023 have stabilized Florida’s property insurance market. The study, conducted for...
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The three incumbent nominees to the board of BNY Mellon Municipal Bond Infrastructure Fund Inc. (DMB) will continue serving on the board, according to preliminary results from the fund’s annual stoc...
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U.S. Bank is expanding its presence in the key markets of Florida, Georgia, Texas and Arizona with new business banker hires. This marks the first time that the bank has placed business bankers i...
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The U.S. Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) issued a final rule for banks related to financial risks and compliance with banking regul...
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U.S. Sens. Marsha Blackburn (R-TN), Ted Cruz (R-TX), Mike Lee (R-UT) and Rand Paul (R-KY) have introduced legislation that would return sole regulatory authority over the insurance industry to the s...
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The U.S. Justice Department is requiring KKR & Co. to pay a civil penalty of $250 million to resolve allegations that it repeatedly flouted the pre-merger antitrust review process. The complaint al...
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In its latest Quarterly Banking Profile, the Federal Deposit Insurance Corporation (FDIC) reported an increase in banks earnings in the second quarter. The Quarterly Banking Profile, a comprehens...
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