The fund proxy system is increasingly inefficient, expensive, and ineffective, according to an analysis and survey by the Investment Company Institute (ICI). The ICI found that the growing costs in...
Read More
Boston-based Beacon Financial Corporation, the holding company for Beacon Bank & Trust, recently announced the launch of Beacon Bank, one of the 100 largest banks in the United States. It also is ...
Read More
JPMorgan Chase plans to open more than 160 new Chase bank branches in over 30 states and renovate nearly 600 bank locations this year. The expansion will bring Chase into new markets, including low...
Read More
Activist investor Starboard Value LP, which owns a roughly 9-percent stake in Tripadvisor Inc., said Tuesday it would nominate a new slate of directors to Tripadvisor's Board of Directors. “Tripa...
Read More
U.S. Sens. Jerry Moran (R-KS) and Maria Cantwell (D-WA) introduced legislation that would permit the Small Business Administration (SBA) to distribute artificial intelligence (AI) training resources t...
Read More
PNC Wealth Management introduced a new integrated bank and investment offering that would provide clients with a high-touch, high-end banking and investment experience. Known as PNC Premier Client...
Read More
Activist investor Ancora Holdings Group LLC is turning up the heat on Warner Bros. Discovery Inc. (WBD), arguing that a newly enhanced $30-per-share all-cash offer from Paramount Skydance Corp. is sup...
Read More
The U.S. Small Business Administration’s 7(a) Working Capital Pilot Program has delivered more than $150 in new lending, the agency said recently. More than $125 million has been approved since ...
Read More
Fifth Third Bancorp finalized its acquisition of Comerica this week, creating the ninth-largest bank in the country with approximately $294 billion in assets. The merger builds upon Fifth Third’s...
Read More
Huntington Bancshares closed on its merger with Cadence Bank, a regional bank headquartered in Houston and Tupelo, Miss. This acquisition accelerates Huntington's growth initiatives across Texas an...
Read More