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April 12, 2013
17:51 EDTMTB, HCBKHudson City, M&T Bank reach MOU with holders in lawsuit
In a regulatory filing, Hudson City Bancorp said that on April 12, Hudson City (HCBK) and M&T Bank (MTB) entered into a memorandum of understanding with plaintiffs regarding the settlement of putative class actions pending before the Delaware Court of Chancery and the Hudson City shareholder litigation pending before the Superior Court for the State of New Jersey. Hudson City, M&T, and the other defendants deny all of the allegations in the actions and believe the disclosures in the joint proxy statement are adequate under the law. Nevertheless, Hudson City, M&T, and the other defendants have agreed to settle the actions in order to avoid the costs, disruption, and distraction of further litigation.
News For HCBK;MTB From The Last 14 Days
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September 1, 2015
07:20 EDTMTBM&T settles suit alleging NYC discriminatory lending practices, Reuters reports
M&T Bank has agreed to upgrade its mortgage lending policies in order to settle a suit from a nonprofit group alleging that it engaged in discriminatory mortgage lending practices in New York City, Reuters reports. The settlement was with the Fair Housing Justice Center and nine individuals and will last three years, the report says. The settlement also bans M&T loan officers from "steering" borrows to distinct neighborhoods or loans based on their race or national origin, the report says. Reference Link
August 20, 2015
10:07 EDTHCBKHigh option volume stocks
10:00 EDTMTBOn The Fly: Analyst Initiation Summary
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August 19, 2015
17:10 EDTMTBM&T Bank initiated with a Neutral at Sterne Agee CRT
Target $131.

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