Among this week's editors' picks: a Data Dispatch on deals with upside-down pricing and a research article on payment fintechs' effect on small business lending.
G-SIB surcharge has banks thinking about systemic risk scores
The largest banks are lobbying regulators to tweak how they calculate systemic risk scores that determine a bank's G-SIB surcharge.
Fewer, but bigger, bank buyers go upside-down in pricing to land M&A
Some of the largest, most-expensive deals to date have increasingly featured "upside-down" pricing, which occurs when a buyer values a seller above its own stock trades on a price-to-tangible-book basis.
Big credit union looks for bank acquisitions in Florida
To date, none of the 20 largest U.S. credit unions by assets have acquired a community bank. However, VyStar CU makes no bones about its interest in buying a bank as it pushes toward the $10 billion asset threshold.
E*TRADE takeout still possible as board finalizes 2-year review
E*TRADE Financial Corp. may be a valuable acquisition target for larger online brokerages if its board elects to put the company up for sale at the end of its two-year review, analysts said.
Payment fintechs leave their mark on small business lending
A handful of fintech companies are using data from non-lending relationships to become larger providers of working capital. As they integrate further into their customers' businesses, they will chip away at market share held by longstanding players.