In a landmark transaction that reshapes the financial landscape of the Lone Star State, Houston-based Prosperity Bancshares has officially acquired its local counterpart, Stellar Bank, in an all-stock deal valued at approximately $2 billion. The agreement, which closed in the second quarter of
The multi-million-dollar pay packages of Wall Street's top executives often ignite public debate, but behind the staggering figures lies a complex calculus that boards of directors use to link leadership rewards with corporate success. As the compensation for chief executives at the largest U.S.
A bombshell lawsuit filed by a former high-ranking executive has cast a harsh spotlight on the internal culture of one of the world's largest financial institutions, raising serious questions about its treatment of female leaders. Julia Carreon, who previously served as Citigroup’s global head of
In a striking turn of events that sent ripples through the regional banking sector, a public confrontation between a legacy institution and a determined activist investor has culminated in a fundamental overhaul of corporate strategy. Boston-based Eastern Bank, a company built in part on an
A stark warning has echoed through the halls of American banking as PNC's chief executive issued a direct challenge to competitors nationwide, signaling a deliberate and aggressive campaign to transcend its regional roots. This strategic pivot is not merely about growth but represents a fundamental
In a move signaling a significant shift in the financial technology landscape, buy now, pay later (BNPL) giant Affirm Holdings has officially applied for a bank charter in Nevada. By seeking to establish Affirm Bank, a state-chartered industrial loan company (ILC), the company is aiming to break
