Tag Archives: Commercial banking

First Citizens Bankshares Inc. FCNCB 16.66% Said on Friday that it plans to buy CIT Group Inc. C.I.T. 27.94% In all-stock deals worth about 2 2.7 billion. The combination of New York City-based Raleigh, NC and CIT-based First Citizens Will create more than 100 billion in assets from one of …

Citigroup was fined by federal banking regulators on Wednesday Inc. C 0.97% Million 400 million and ordered the country’s third-largest bank to improve its risk-management systems, citing “significant ongoing shortcomings.” The consent order, approved by the board of New York Bank, blamed Citigroup for a reduction in “various areas of …