Growth strategies

The California company acquired Civic Financial Services, which makes loans to residential real estate investors.

Amerant Mortgage includes several former bankers from City National Bank of Florida in Miami.

The bank agreed to acquire A Mortgage Boutique, which operates in six states.

The switch to Thomas Cangemi from longtime CEO Joseph Ficalora could foreshadow a push to curtail the company’s reliance on multifamily lending and the pursuit of a bank acquisition that lowers funding costs.

Noninterest income has bolstered profits this year. But its growth is expected to slow over the next two years, making for a gloomy earnings outlook unless vaccine distributions and the economic recovery are relatively swift.

The company is looking to tap into a surge of homebuying tied to historically low interest rates.

The company's outgoing CFO discussed ways the asset cap is stunting growth, but provided no updates at an industry conference on when the restriction might be lifted or the types of jobs it will cut.

When Jane Fraser takes the reins of Citigroup in February, she will have to tackle the company’s cards slump, lagging performance metrics and challenges presented by employees’ return to the office.

MatlinPatterson, which once owned more than 60% of the Michigan company, has been paring back its stake in recent years.

The outbreak has completely upended whatever expectations the industry had heading into 2020. Here's key areas that have been shaped by the pandemic, some potentially forever.