New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 6, 2013
08:37 EDTMTBM&T Bank says Hudson City merger accretive to earnings in 2013
The merger will be accretive to earnings in high single digits in 2014. The company expects $120M of pre-tax merger-related expenses in 2013-2014. Comments taken from slides for Citigroup U.S. Financial Services Conference.
News For MTB From The Last 14 Days
Check below for free stories on MTB the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
September 12, 2014
16:09 EDTMTBHudson City Bancorp names Denis Salamone as CEO
Subscribe for More Information
06:30 EDTMTBWilmington Trust to pay $18.5M in SEC case for accounting, disclosure fraud
The Securities and Exchange Commission yesterday announced accounting and disclosure fraud charges against a Delaware-based bank holding company for failing to report the true volume of its loans at least 90 days past due as they substantially increased in number during the financial crisis. An SEC investigation found that as the real estate market declined in 2009 and 2010 and its construction loans began to mature without repayment or completion of the underlying project, Wilmington Trust Company did not renew, extend, or take other appropriate action for 90 days or more on a material amount of its matured loans. Instead of fully and accurately disclosing the amount of these accruing loans as required by accounting guidance, Wilmington Trust improperly excluded the matured loans from its public financial reporting. Wilmington Trust, which was acquired by M&T Bank in May 2011, has agreed to pay $18.5M in disgorgement and prejudgment interest to settle the SECís charges.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the disclaimer & terms of use