$NYCB (New York Community Bancorp Inc.)

$NYCB {{ '2016-04-26T19:25:21+0000' | timeago}} • Announcement

Shareholders of $NYCB and $AF approved the proposed merger of the two companies. $AF will merge with and into $NYCB and Astoria Bank will merge with and into New York Community Bank.

$FNB {{ '2018-01-19T15:38:45+0000' | timeago}} • Announcement

$FNB announced a significant financial commitment to both its employees and the communities it serves relating to the signing of the Tax Cuts and Jobs Act of 2017. As an investment in its workforce, $FNB plans to raise the minimum hourly wage for its employees to $15 by the end of 2019, accelerating an ongoing initiative to elevate hourly wages.

$WFC {{ '2018-01-17T19:29:42+0000' | timeago}} • Announcement

$WFC announced that Senior Executive Vice President Mike Loughlin will retire as the company's Chief Risk Officer. The company expects to name a successor in the next few months and Loughlin will remain in his current role through the transition.

$WFC {{ '2018-01-17T11:46:10+0000' | timeago}} • Webcast

While $WFC's expenses continue to increase on higher litigation accruals and other growth investments, the bank said it is still committed to its target of $4Bil in expense reductions. It also expects to bring its efficiency ratio down to 59% by the end of 2018.

$WFC {{ '2018-01-17T11:45:02+0000' | timeago}} • Webcast

After a series of scandals over the past year, $WFC is now trying to gain confidence of its customers and build long-term relationships. In 2017, the bank has launched numbers of programs and initiatives, such as Automatic zero balance alerts and Overdraft Rewind, which has already helped over 350,000 customers avoid overdraft charges.

$ASB {{ '2018-01-16T17:33:49+0000' | timeago}} • Announcement

$ASB appointed Steve Bamberger as assistant VP, residential loan officer-small markets, in Consumer and Business Banking of Associated Bank. He is responsible for originating residential mortgages.

$XL {{ '2018-01-16T13:57:27+0000' | timeago}} • Announcement

$XL appointed Leila Madeiros, SVP, Deputy Director and Corporate Secretary of the Association of Bermuda Insurers and Reinsurers, as Head of Compliance & Regulatory Affairs, Bermuda. Madeiros will report to Sean McGovern, $XL's Chief Compliance Officer & Head of Government & Regulatory Affairs and will be a member of his leadership team.

$WFC {{ '2018-01-12T15:28:20+0000' | timeago}} • Announcement

The US corporate tax cuts has saved $WFC about $3.35Bil in 4Q17, but the bank had to set aside $3.25Bil in the quarter to pay for legal costs related to mortgage-related regulatory investigations, sales practices, and other consumer-related matters. The banking giant reported a 17% earnings growth and a 2% revenue growth for 4Q17.

$WFC {{ '2018-01-12T14:10:42+0000' | timeago}} • Infographic

$WFC Wells Fargo & Company Earnings AlphaGraphic: Q4 2017 Highlights

$HMST {{ '2018-01-11T21:21:27+0000' | timeago}} • Announcement

$HMST announced its expectations for the impact to financial position and results of operation from the Tax Cuts and Jobs Act legislation. $HMST expects a reduction to its tax rate to range of 21-22% before discrete items for 2018, and the recognition of one-time, non-cash tax benefit of about $23MM in 4Q17.

$FNB {{ '2018-01-11T21:05:36+0000' | timeago}} • Announcement

Financial services company $FNB has appointed Bryant Mitchell as EVP of Capital Markets and Specialty Finance Businesses. He will report to Chief Wholesale Banking Officer Robert Moorehead. In the past, Mitchell had held several key leadership roles in leading organisation.

$XL {{ '2018-01-11T13:34:39+0000' | timeago}} • Announcement

$XL said that due to the recent wildfires in Southern California it is estimating natural catastrophe net losses of about $45MM and about $20MM related to other events. The estimated losses are evenly split between $XL's Insurance & Reinsurance segments. $XL also reaffirmed its previously disclosed aggregate net losses related to 3Q17 catastrophes.

$CBSH {{ '2018-01-11T11:51:59+0000' | timeago}} • Announcement

$CBSH said effective Feb 1, 2018, John Handy, currently President and COO of its Commerce Trust Company, has been promoted to CEO, replacing Ray Stranghoener, who will remain as Chairman. Handy will report to John Kemper, COO of $CBSH.

$XL {{ '2018-01-09T14:10:18+0000' | timeago}} • Announcement

XL Catlin, a unit of insurance firm $XL, has appointed Simon Price as Head of Mergers and Acquisitions, Insurance, EMEA. Price had been working for Marsh's Private Equity and M&A practice, with the most recent role being Head of the company's UK Transaction Risk Team. Earlier, he was engaged in private legal practice in London for 10 years.

$WTFC {{ '2018-01-05T12:24:19+0000' | timeago}} • Announcement

Barrington Bank & Trust, a unit of financial services firm $WTFC, has closed the acquisition of certain assets of iFreedom Direct Corp DBA Veterans First Mortgage. The deal, which includes assumption of certain liabilities, is expected to be modestly accretive to Wintrust’s 2018 earnings. Financial terms of the transaction were not  disclosed.

$XL {{ '2018-01-05T11:49:49+0000' | timeago}} • Announcement

XL Catlin, a unit of $XL, has appointed Todd Wilhelm as Regional Product Leader of Energy, Property and Construction for Asia Pacific. Most recently, Wilhelm served QBE Insurance as Chief Underwriting Operations Officer. Earlier, he had worked at ACE Insurance and FM Global.

$WBS {{ '2018-01-04T14:23:40+0000' | timeago}} • Announcement

$WBS announced an acceleration of investment in its employees and the communities it serves following the passage of new federal tax reform legislation. These include: lifting minimum wage to $15 per hour by the end of 2018, and payment of one-time $1,000 cash bonus in 1Q18 to full-time employees who are below the vice president level.

$WBS {{ '2018-01-04T14:02:34+0000' | timeago}} • Announcement

$WBS said it will pay a one-time $1,000 cash bonus in 1Q18 to full-time employees who are below the vice president level. This payment will benefit approx. 70% of all the company’s full-time employees. $WBS will also increase its minimum wage to $15 per hour by the end of 2018.

$BXS {{ '2018-01-04T12:15:00+0000' | timeago}} • Announcement

$BXS announced an additional investment in its employees, which includes pay increases and /or one-time bonuses to nearly all non-commissioned employees. The investment of over $10MM in 2018 will benefit 96% of the company's non-commissioned workforce. Pay increases were effective Jan. 1, 2018.

$XL {{ '2018-01-03T22:14:28+0000' | timeago}} • Announcement

$XL announced that Jacob Rosengarten, Group Chief Enterprise Risk Officer, retired effective December 31, 2017. Fielding Norton, who previously held the position of Deputy Chief Enterprise Risk Officer, has been appointed as his successor, subject to Bermuda immigration approval.

$WBS {{ '2018-01-03T17:37:51+0000' | timeago}} • Announcement

$WBS named Frederick Smith as Controller of Webster Bank and Webster Financial Corporation. As Corporate Controller, Smith will serve as a senior leader within $WBS's Accounting Department and oversee the corporation's accounting operations, close and consolidation, and financial reporting activities.

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