Americas
Banking and finance news from North America, Latin America, and the Caribbean
First Financial Bancorp promotes Jamie Anderson to president, names new chief banking and operating officers
First Financial Bancorp promoted Jamie Anderson to President while retaining his CFO role, and named Mandy Neeley CBO and Malcolm Myers COO.
Citigroup lifts full-year ROTCE guidance above 11%, details $30 billion buyback
Citigroup CFO Gonzalo Luchetti raised full-year ROTCE guidance above 11% at Barclays' conference and gave an update on its $30 billion buyback.
Dell family office and Sequence Holdings to take Baldwin Group private in $7.7 billion deal
DFO Management and Sequence Holdings agreed to take The Baldwin Group private at $32.50 per share, an 88% premium, valuing it at $7.7 billion.
Bank of America sees Q3 investment-banking fees of $1.6-$1.8 billion, reiterates $250bn infrastructure pledge
BofA's Brian Moynihan flagged a Q3 investment-banking fee dip at Barclays' conference while reiterating a $250 billion infrastructure commitment.
Nu enters US banking market with stablecoin-powered global account strategy
Nu launched full US banking services through partner Lead Bank and introduced Nu Global, a multi-currency account built on Circle's USDC and EURC stablecoins, extending a franchise built across Brazil, Mexico and Colombia.
Caixa employees launch open-ended national strike as Banco do Brasil faces partial shutdown
Employees at Caixa Econômica Federal began an open-ended national strike on Thursday after more than 90% of union bases rejected the state bank's collective agreement proposal, with 27 Banco do Brasil unions also walking out.
OSFI pledges to hold Canada's domestic stability buffer at 3% until June 2028
Canada's banking regulator committed to keeping the domestic stability buffer at 3% for the remainder of Superintendent Peter Routledge's term, which ends in June 2028, following June's 50-basis-point reduction.
EverBank and WaFd agree $3.9 billion reverse merger creating $75 billion United States lender
EverBank Financial Corp and WaFd, Inc. agreed on Monday to an all-stock reverse merger valued at $3.9 billion, creating a lender with roughly $75 billion in assets and 254 branches.
Chime agrees to acquire longtime partner Stride Bank for $590 million in cash
Chime Financial agreed on Tuesday to acquire Stride Bank, its bank partner of more than seven years, for $590 million in cash, a deal that would give it a national charter and end its reliance on sponsor banks.
HSBC hires former Citi Private Bank executive Hannes Hofmann as global head of family offices
HSBC has appointed former Citi Private Bank executive Hannes Hofmann as global head of family offices in a newly created London role, alongside Cayman Wills as head of its US private bank.
Huntington names Brant Standridge president in move positioning him as Steinour's successor
Huntington Bancshares appointed Brant Standridge president of the $284 billion-asset holding company and its bank subsidiary on 8 September, effective immediately, positioning him to succeed Chairman and Chief Executive Steve Steinour.
First Citizens Bank completes 138-branch BMO acquisition adding $5 billion in deposits
First Citizens Bank completed the acquisition of 138 branches from BMO Bank N.A. on 4 September and has since converted them to its systems, assuming approximately $5 billion in deposits and $650 million in loans.