The Merger Floodgates Have Opened
Last May (JRN 39:18) we wrote an article entitled, ‘In the Words of Nancy Reagan, “Just Say No.“‘ In that article, we reflected on the fact that some of our nation’s largest banks had been allowed to keep acquiring smaller…
Residential Real Estate Woes, It’s Déjà vu Again
Residential mortgage loans grew by 9.6% ($214 billion) at the nation’s banks during the 12 months ending September 30, 2022. In addition, the quality of these single family mortgage loans improved significantly over the year. The non-current rate for 1-4…
Scrutiny or Not, Big Bank Merger Approved
The long awaited acquisition of 4-Star MUFG Union Bank, N.A. (also known simply as Union Bank) by U.S. Bancorp finally closed in December. The combination of the two banks (Union Bank into 4-Star U.S. Bank, N.A.) will still take several…