Monthly Archives: March 2022

Terminations of bank mergers have reached a record high this year and it could well be next year before M&A activity in the sector can restart, according to one analyst. “It won’t be a 2023 event,” says Nathan Stovall, director of financial institutions research at S&P Global Market Intelligence. “It will be [...]

DOJ to expand scrutiny of bank mergers A top antitrust official put banks on notice Tuesday that the Justice Department is expanding its scrutiny of mergers, looking at a broader scope of criteria and further empowering independent regulators to take the lead. Dollar General expanding to its 48th state Dollar [...]

Retail sales increase again in May as consumers continue to fuel economy Retail sales in May increased  0.4% from April and were up 4.4% year over year, according to the National Retail Federation, whose calculation excludes automobile dealers, gasoline stations and restaurants to focus on core retail sales. Shoe company [...]

H-E-B expanding lower-priced Joe V’s Smart Shop concept Joe V’s Smart Shop is headed to Dallas. In the first expansion of the value retail concept outside of Houston, H-E-B plans to open two Joe V’s Smart Shop locations in Dallas. The stores will open at 4104 W. Wheatland Road in [...]

TD plans to open 150 U.S. branches by 2027, focus on Southeast The bank is targeting South Florida, Atlanta and North Carolina — areas where it would have grown through the scuttled First Horizon deal. IHOP shuts down its fast-casual spinoff, Flip'd IHOP is retiring its fast-casual Flip’d by IHOP [...]

Bipartisan agreement avoids potential catastrophe. President Biden and House Speaker McCarthy reached a tentative agreement on May 27 to suspend the debt limit until January 2025. This bill, known as the Fiscal Responsibility Act of 2023, was approved by the House of Representatives on May 31, and the Senate on [...]