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JP Morgan Chase, Pacific Mercantile, Fifth Third: The Top Banking Moves in May

JP Morgan Chase, Pacific Mercantile, Fifth Third: The Top Banking Moves in May

Major appointments this month involved Discover, Wells Fargo, JP Morgan Chase, Sterling Bank & Trust, Pacific Mercantile Bank, Home Bank and Fifth Third
Texas Capital Bank Abandons Merger with Independent Bank

Texas Capital Bank Abandons Merger with Independent Bank

The impact of the COVID-19 pandemic has heavily impacted the two banks’ plans to combine operations
UBS to Establish Digital Venture Capital Fund

UBS to Establish Digital Venture Capital Fund

The Switzerland-headquartered bank is spending hundreds of millions of dollars to digitize its operations
USDA to Provide $1bn in Rural Business Support

USDA to Provide $1bn in Rural Business Support

Agriculture sector support comes through the same CARES Act legislation as the Paycheck Protection Program
What the Post-Pandemic Banking Landscape Will Look Like

What the Post-Pandemic Banking Landscape Will Look Like

The PPP and related changes to operations could reshape some areas of the banking sector, says PwC
Southern Bank Completes Central Federal Acquisition

Southern Bank Completes Central Federal Acquisition

Also, Cambridge Bank has received regulatory approvals for its delayed purchase of Wellesley Bank
Nearly 5m Now in Forbearance Due to Pandemic, Says Survey

Nearly 5m Now in Forbearance Due to Pandemic, Says Survey

Less than a quarter of homeowners in forbearance have managed to make payments for May, according to fintech firm Black Knight
Europe’s Banks Face ‘More Pain’ from COVID-19

Europe’s Banks Face ‘More Pain’ from COVID-19

A Deutsche Bank analysis lays bare the impact on Europe’s banks – but highlights their crucial role in the recovery
OCC Comptroller Otting to Step Down

OCC Comptroller Otting to Step Down

COO Brian Brooks is to take over as acting Comptroller from June 1 as Otting completes his two-and-half year term
Santander Pays $550m to Settle Loan Dispute

Santander Pays $550m to Settle Loan Dispute

The bank’s consumer lending arm has agreed on a settlement with 33 states and the District of Columbia over legacy car loan practices
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