Prosperity to acquire rival Houston bank in $2 billion deal
Prosperity Bancshares Set to Acquire Stellar Bancorp in $2 Billion Deal Prosperity Bancshares, a bank holding company based in Houston, Texas, has agreed to pay $2 billion to acquire its crosstown rival, Stellar Bancorp. Upon completion, the transaction will establish the second-biggest Texas-headquartered bank. The acquisition is expected to close in the second quarter of […]
Banks set lending record
Burgeoning Australian Housing Loans: Banks Reap the Benefits The banking sector in Australia is witnessing a prosperous period, with a staggering $719 billion in new housing loans recorded in the year leading up to September 2025. This data is available in the latest Quarterly ADI Property Exposures publication released by the Australian Prudential Regulation Authority […]
Self-directed IRAs carry tax complexities
Self-directed individual retirement accounts come with tax advantages and access to alternative investments — along with major technical caveats and the risk of costly mistakes. Processing Content That’s why it’s important for investors tapping into alternative vehicles not allowed in traditional IRAs to not only pick the right service providers but also understand the complex […]
Citi’s London MDs accepted lower salaries in return for faster vesting bonuses
It’s Bonus Season in Banks, But What About Salaries? As banks gear up for bonus season, another important aspect that often goes unnoticed is the changes in salary structures. Recent reports suggest that at Citi in London, material risk-takers (MRTs) have been signing contracts that actually lower their salaries while frontloading their bonuses. The Two-Tier […]