M&T broadens reach with $3.7B deal for Hudson City
BY: Staff and Wire Reports M&T Bank Corp. said Monday it will buy Hudson City Bancorp Inc. in a cash-and-stock deal valued at about $3.7 billion that will broaden its reach in the eastern U.S. The buyout includes Hudson City’s 135 branch offices located in New York, New Jersey and Connecticut. The combined company will include 870 branches located in [...] |
JPMorgan to pay $153.6M to settle fraud charges
BY: Associated Press WASHINGTON — JPMorgan Chase & Co. has agreed to pay $153.6 million to settle civil fraud charges that it misled buyers of complex mortgage investments just as the housing market was collapsing. J.P. Morgan Securities, a division of the powerful Wall Street bank, failed to inform investors that a hedge fund helped select the investment [...] |



