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FDIC Seeking Comments on Industrial Bank Rule Changes

JD Supra: Mergers

The FDIC is seeking comment on proposed changes to its regulation governing parent companies of industrial banks and industrial loan companies—Part 354 of the FDIC Rules and Regulations. By: Ballard Spahr LLP

Bank 188
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Europe’s banks restructure, consolidate and partner their way into the digital future

JD Supra: Mergers

Governments play a pivotal role in European bank M&A: State coffers play significant roles. . Governments play a pivotal role in European bank M&A: State coffers play significant roles. By: White & Case LLP

Bank 192
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Regulators Finalize New Approach to Bank Mergers

JD Supra: Mergers

17, 2024, the Federal Deposit Insurance Corporation (FDIC) Board met to finalize an updated approach to increase scrutiny of bank mergers, particularly those that would result in a bank with over $100 billion in assets. These moves by regulators signal a new whole-of-government approach to competition in the banking sector.

Mergers 177
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China Stocks Surge After Government Measures to Boost Economy

The New York Times: Banking

The government has fired up investors by encouraging banks to lend more to buyers of stock and real estate, but economists say more stimulus is needed.

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UK bankers’ remuneration reform: MRT proposals in focus

JD Supra: Mergers

Banks would have greater autonomy when identifying MRTs but would need to tighten governance guardrails. PRA and FCA proposals to revamp bankers remuneration rules would reduce the number of in-scope material risk takers (MRTs), while enabling more MRTs to benefit from proportionality exclusions.

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HM Treasury Statement on Reforms to Bank Ring-Fencing

JD Supra: Mergers

The House of Commons has published a written statement by Tulip Siddiq, Economic Secretary to HM Treasury, on the status of reforms to the bank ring-fencing regime. Government will implement a package of reforms as soon as parliamentary time allows. banking sector and support economic growth, while maintaining financial stability.

Bank 177
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Sports Investment Banking: How to Win the Super Bowl and the World Cup in the Same Year

Mergers and Inquisitions

This partially explains why sports investment banking has become a hot field, with JP Morgan and Goldman Sachs launching their own sports coverage groups. For a long time, sports teams and franchises were not worth that much, so banks rarely put their “A-Teams” on these deals. What is Sports Investment Banking?