Md. bank's green bond to lead the way; SEC reporting changes may hit PE returns

Top stories

Maryland community bank's green bond may lead way for peers

Forbright Inc., a $4.59 billion-asset bank in Maryland, may establish a template for other small and midsize banks seeking to tap into sustainability-oriented investors and help fund the climate transition.

Banorte, Santander emerge as likeliest Citibanamex buyers

Grupo Financiero Banorte SAB de CV and Banco Santander México SA are emerging as frontrunners to buy Citigroup Inc.'s Mexican retail operations, according to analysts and market experts.

Raskin nomination raises question of Fed master accounts for fintechs

Sarah Bloom Raskin's board seat with The Reserve Trust Co., a financial technology company that was granted a Federal Reserve master account, is further complicating what was already expected to be a tight vote on her vice chair for supervision nomination.

SEC's proposed reporting changes could bite into private equity returns

Private equity firms are likely to face higher compliance costs and a potentially uncomfortable level of scrutiny from federal financial regulators if the U.S. Securities and Exchange Commission follows through on proposed updates to a confidential reporting document, said Dave Brown, a partner at international law firm Alston & Bird LLP who specializes in federal securities laws.

Community banking investor fuels Spend Life Wisely with $80.5M deal

European PE buy-and-build deals surge as valuations heat up

For European banks, net-zero pledge permits financing oil and gas expanders

More highlights

* Piper Sandler & Co. is set to earn about $2 million for advising New Orleans-based First Trust Corp. in its pending sale to Ridgeland, Miss.-based BancPlus Corp..

* Fidelity National Information Services Inc. acquired financial technology company Payrix Solutions LLC from an investor group led by Blue Star Innovation Partners and Providence Equity Partners LLC affiliate Providence Strategic Growth.

* Bank of America Corp. on Feb. 14 launched an online payment solution called "Pay by Bank," in partnership with U.K. startup payment processor Banked Ltd.

Chart of the day

Loan growth in the U.S. banking sector picked up substantially in the fourth quarter of 2021. Total loans and leases at U.S. banks and thrifts were $11.244 trillion at Dec. 31, 2021, representing a 3.0% quarter-over-quarter increase according to S&P Global Market Intelligence data.

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