/tags/banking Banking en-US Copyright Mon, 05 Feb 2024 17:42:14 GMT /news/2024-02-05/doj-first-national-bank-discriminated-black-latino-north-carolina The Justice Department said FNB will pay $13.5 million to settle the redlining charges, of which the bulk will go into a fund to help subsidize loans for Black and Latino borrowers in Charlotte and Winston-Salem, two housing markets where the DOJ found discrimination. Mon, 05 Feb 2024 17:42:14 GMT /news/2024-02-05/doj-first-national-bank-discriminated-black-latino-north-carolina Associated Press /politics/2023-04-20/north-carolina-credit-unions-expand-banks-happy North Carolina credit unions are looking to expand their operations, but the legislation is facing strong opposition from the state’s banks. Thu, 20 Apr 2023 17:32:19 GMT /politics/2023-04-20/north-carolina-credit-unions-expand-banks-happy Colin Campbell /business-economy/2023-03-29/first-citizens-acquisition-of-silicon-valley-bank-could-mean-more-cash-for-nc-startups Local startups are hopeful. But venture capital experts warn benefits will be more incremental than torrential. Wed, 29 Mar 2023 19:49:34 GMT /business-economy/2023-03-29/first-citizens-acquisition-of-silicon-valley-bank-could-mean-more-cash-for-nc-startups Jason deBruyn /news/2023-03-27/raleigh-bank-new-owner-failed-silicon-valley The Raleigh-based bank bought SVB in a deal negotiated by the Federal Deposit Insurance Corporation — an independent U.S. government agency designed to help financial institutions. Mon, 27 Mar 2023 19:11:56 GMT /news/2023-03-27/raleigh-bank-new-owner-failed-silicon-valley Bradley George /business-economy/2023-03-27/nc-based-first-citizens-acquire-silicon-valley-bank North Carolina-based First Citizens will buy Silicon Valley Bank, the tech industry-focused financial institution that collapsed earlier this month. The deal could reassure investors at a time of shaken confidence in the banking industry. Mon, 27 Mar 2023 11:26:41 GMT /business-economy/2023-03-27/nc-based-first-citizens-acquire-silicon-valley-bank Associated Press /business-economy/2023-03-20/credit-suisse-big-presence-north-carolina Credit Suisse executives say it's too early to talk about job cuts. It announced plans to eliminate 9,000 positions late last year. Mon, 20 Mar 2023 15:55:33 GMT /business-economy/2023-03-20/credit-suisse-big-presence-north-carolina Bradley George /business-economy/2023-01-11/wells-fargo-reduce-size-mortgage-business Wells Fargo will focus on loans for minority home buyers. Wed, 11 Jan 2023 15:44:03 GMT /business-economy/2023-01-11/wells-fargo-reduce-size-mortgage-business Bradley George /business-economy/2022-06-23/black-owned-bank-durham-80-million-us-treasury The money that Mechanics & Farmers will receive is part of a federal program designed to support small businesses. Thu, 23 Jun 2022 18:04:40 GMT /business-economy/2022-06-23/black-owned-bank-durham-80-million-us-treasury Will Michaels /business-economy/2022-06-16/elizabeth-warren-raises-concerns-about-first-horizon-merger First Horizon has a large presence in the Triangle and Triad. In February, Toronto-based TD Bank announced it would buy First Horizon for $13.4 billion. Thu, 16 Jun 2022 15:06:13 GMT /business-economy/2022-06-16/elizabeth-warren-raises-concerns-about-first-horizon-merger Bradley George /business-economy/2020-03-20/banks-credit-unions-close-lobbies-during-coronavirus-outbreak Credit unions and banks across the state are closing lobbies and using only drive-up windows during this coronavirus outbreak.The North Carolina State… Fri, 20 Mar 2020 14:35:49 GMT /business-economy/2020-03-20/banks-credit-unions-close-lobbies-during-coronavirus-outbreak Leoneda Inge