The financial sector is witnessing a significant shift as credit unions increasingly engage in whole-bank acquisitions, a trend that reached a record high in 2024 with 22 such deals, surpassing the previous record of 16 deals in 2022. This rising trend indicates a robust market movement, driven by
In a pivotal move to realign its operational focus and fortify its financial foundation, Hawaiian Electric Industries (HEI) announced the sale of a 90.1% stake in American Savings Bank (ASB) to independent investors for a striking $450 million. Finalized on January 2, 2025, the transaction sees
The TD Cowen Global Best Ideas for 2025 report provides a thorough analysis predicting the potential impacts of Trump's policies on various sectors and regions. With insights from both their Strategy team and the Washington Research Group, the report comprehensively covers topics such as the
Bank of America (NYSE: BAC) stands as one of the most prominent financial institutions in the United States, with a rich history of resilience and adaptability. From its Depression-era roots in San Francisco, it has grown to become the second-largest bank in the US by asset size, trailing only JP
As the world enters 2025, the financial landscape is marked by a blend of optimism and caution, shaped by notable changes in key areas such as mortgages, investments, and banking. The economy has witnessed significant expansion over the past year, characterized by decreasing inflation and interest
Investment banking has traditionally relied on spreadsheets and human processes to manage vast amounts of data and make critical decisions. However, the advent of artificial intelligence (AI) is transforming the industry by introducing automation, predictive analysis, and advanced decision-making
