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First Horizon, Iberiabank in year's second-biggest bank merger

Bryan Jordan, chairman, president and CEO of First Horizon National Corp.
The deal will create a Southeastern regional with $75 billion in assets across 11 states.

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Bank failure in New Jersey is nation's third in a week

FDIC headquarters in Washington, D.C.
The headquarters of the Federal Deposit Insurance Corp. stands in Washington, D.C., U.S., on Thursday, Jan. 29, 2009. The Obama administration is moving closer to setting up a so-called bad bank in its effort to break the back of the credit crisis and may use the FDIC to manage it, two people familiar with the matter said. Photographer: Mannie Garcia/Bloomberg News
MANNIE GARCIA/BLOOMBERG NEWS
The FDIC sold the operations of City National Bank of New Jersey, a minority depository institution, to Industrial Bank in Washington, D.C., in the year's fourth bank closing.

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BB&T-SunTrust effect at play in First Horizon deal

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First Horizon and Iberiabank solidified their resolve after BB&T and SunTrust announced their merger. Bryan Jordan, First Horizon's CEO, says he's convinced the earlier deal is having a similar influence at other regional banks.

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Three bank failures in one week: A blip or something worse?

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Recent closings could portend a stiffer regulatory stance on capital adequacy and risk.

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Bank of America, IBM collaborating on a financial services cloud

Cathy Bessant, chief operations and technology officer of Bank Of America, speaks during the Bloomberg Invest Summit in New York June 5, 2018.
Executives from the bank and the tech company have been working for months to create a cloud designed to address the challenges that often slow financial institutions' adoption of cloud computing.

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Smaller banks take a turn swinging the ax

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While layoffs at big banks get the headlines, small and midsize lenders are also trimming payrolls in response to lower rates and fears that a recession is getting closer.

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BBVA, Prosper partner on digital home equity lines of credit

BBVA signage
A BBVA logo sits on display outside a Banco Bilbao Vizcaya Argentaria SA bank branch in Madrid, Spain, on Tuesday, July 22, 2014. BBVA, Spain's second-biggest bank, agreed to purchase state-run Catalunya Banc SA for 1.19 billion euros ($1.6 billion) as the government lined up buyers for nationalized lenders. Photographer: Angel Navarrete/Bloomberg
Angel Navarrete/Bloomberg
Prosper hopes to do for lines of credit what it did for unsecured personal loans, while BBVA hopes to provide a better experience for customers.

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BMO off to promising start on its AI projects

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The team has already built three customer-facing AI tools this year, which it hopes to keep building upon.

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Regions Financial rethinking M&A after First Horizon-Iberiabank deal

Regions Bank
If the no-premium agreement announced by First Horizon and Iberiabank this week is a sign that sellers' asking prices will come down, then Regions might reconsider its anti-M&A stance, a company executive said.

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Pennsylvania regulators hit SoFi with enforcement action

Row of files, with one labeled "Mortgage."
The San Francisco fintech company has agreed to pay a $110,000 fine for failing to comply with a 2017 state law that requires mortgage servicers to be licensed.

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M&A Failures Cloud computing HELOCs Artificial intelligence Enforcement actions Regions Bank Bank of America BBVA Bank of Montreal
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