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US financials, most read


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US financials, most read

This week's most read content includes a pending deal between Border Bancshares and Union Bancshares, and a feature on the movement of the largest U.S. banks' stocks in the second quarter.

Bank stocks dip in Q2, Wells Fargo bucks trend

Fifteen of the 20 largest U.S. bank stocks by market capitalization fell in the second quarter. Wells Fargo & Co.'s stock returned 6.5% for the quarter, helping to push its market cap to $270.15 billion as of June 29.

Border Bancshares to buy Union Bancshares

Border Bancshares Inc. filed an application with the Federal Reserve Bank of Minneapolis to acquire Union Bancshares Inc.

2 mutual savings banks in North Carolina to merge

Roanoke Valley Savings Bank SSB is merging into Roanoke Rapids Savings Bank SSB in a deal expected to close in the first quarter of 2019.

Home BancShares' deal for boat lender to bolster Florida operation

Home BancShares Inc.'s planned acquisition of a marine lending portfolio would provide the Arkansas-based banking company both geographic and business line diversification, an executive said.

Fed sees growing risk of trade actions damaging economy, minutes say

The Federal Open Market Committee has signaled that it may hike rates two more times this year if its current outlook holds up. However, most of its officials see a growing risk of trade disputes potentially damaging their economic outlook.