This week's most read content includes a pending $128 million deal between First Financial and HopFed and a feature on the stock exchange to be created by Wall Street's trading giants.
Indiana-based First Financial to buy HopFed in $128.3M cash-and-stock deal
Shareholders of HopFed Bancorp Inc. can elect to receive either 0.444 of a First Financial Corp. common share or $21 in cash, or an equivalent combination of cash and stock, for each HopFed common share they hold.
S.B.C.P. Bancorp to buy Union Bancorp of Evansville
The combined organization will have more than $1.25 billion in assets, $1 billion in total loans and leases, and $1.03 billion in deposits.
Brokers could divert trades from NYSE, Nasdaq to jump-start new exchange
Nine of the largest U.S. banks and broker/dealers in charge of executing retail order flow plan to create a new stock exchange. With control of those trades, the companies could siphon market share away from Nasdaq Inc. and the New York Stock Exchange.
Boston Fed president: 2018 market drop was 'unduly pessimistic'
The recent volatility in financial markets is not matched by economic data indicators such as strong U.S. labor markets and consumer sentiment, Boston Fed President Eric Rosengren said at a Jan. 9 meeting of the Boston Economic Club.
Largest financial ETF saw massive outflows in December 2018
SSgA Funds Management Inc.'s Financial Select Sector SPDR Fund saw net client outflows of $5.36 billion for full year 2018, the fifth-highest across the exchange-traded fund space.