RBC Centura Banks Inc. has completed its $456 million acquisition of Flag Financial Corp. in Atlanta.
The $20.5 billion-asset U.S. banking unit of Royal Bank of Canada closed the deal Friday for the $1.8 billion-asset. In a press release that day, RBC Centura said it had gained $1.4 billion of deposits and $1.3 billion of loans through the acquisition.
The Flag acquisition was Royal Bank of Canada's first in the U.S. banking market since November 2003.
Analysts are watching both Vice President Kamala Harris and former President Donald Trump for potential regulatory picks, as well as how strongly Trump advocates for policies like tariffs and deportations that could impact the economy, inflation and bankers' prospects.
Leaders at financial institutions said borrower demand should pick back up, if slowly, following Tuesday's vote.
The Consumer Financial Protection Bureau will soon have to defend its interpretive buy now/pay later rule in court following an industry advocacy group lawsuit. Here's what's at stake.
Potential new Senate Finance Committee Chair Sen. Mike Crapo, R-Idaho, has suggested a potential workaround to offset the cost of extending the Tax Cuts and Jobs Act.
Few banks are listening to what their customers are saying on Reddit, but the site can help them spot customer complaints and develop content that dispels misinformation.
Sens. Elizabeth Warren and John Hickenlooper say recent data suggests there is "no need for restrictive interest rates" and easier monetary policy is necessary to lower housing costs.
