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Hudson City Bancorp HCBK

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    1. Expenses Remain Elevated as M&T's Compliance Burden Grows

      Commentary

      Fri, 17 Oct 2014

      attempts to remedy the secrecy and money laundering compliance issues that continue to delay its acquisition of Hudson City Bancorp , as well as improve other risk management practices. We believe profitability will improve as these temporary

    2. M&T Continues to Pay for Rare Missteps

      Commentary

      Thu, 17 Jul 2014

      management capabilities. We expect M&T to eventually rectify these problems--which continue to delay its planned merger with Hudson City --but the bank's expense base is likely to remain above previous levels for quite some time. M&T was able to expand

    3. Macro Factors Take a Toll on 1Q at M&T

      Commentary

      Fri, 18 Apr 2014

      practices and other compliance issues, which have also contributed to a long delay in purchasing New Jersey's Hudson City Bancorp . We expect M&T to return to an above-average level of efficiency over time, but are concerned that the ratio

    4. M&T on Track to Rebound in 2014

      Commentary

      Fri, 7 Feb 2014

      issues and close on the acquisition of Hudson City during the year. The deal will add ..... potential high-quality customers, but Hudson City 's change from specialty mortgage lender ..... combination of M&T, Wilmington Trust, and Hudson City to contribute to healthy growth in non-interest

    5. Compliance Costs Contribute to Flat Quarter at Conservative M&T

      Commentary

      Fri, 18 Oct 2013

      risk management, capital planning and stress testing, and compliance. The company has already delayed its acquisition of Hudson City because of issues with anti-money-laundering standards. The company's efficiency ratio rose to 56%, partly as a result

    6. M&T's Income Grows in the First Quarter

      Commentary

      Tue, 16 Apr 2013

      deficiencies in M&T's Bank Secrecy Act/Anti-Money Laundering compliance. As a result, M&T's acquisition of Hudson City Bancorp HCBK will be delayed for the time being. At this time, we don't expect this issue to scuttle the merger, but

    7. M&T Continues to Impress in 2012

      Commentary

      Thu, 17 Jan 2013

      expand its balance sheet considerably during the year, with its net loan book increasing 11%. The pending acquisition of Hudson City should provide even more opportunities for growth. While M&T faces the same interest rate headwinds as the rest of the

    8. M&T to Buy Hudson City in Another Sensible Deal

      Commentary

      Tue, 28 Aug 2012

      Bank MTB announced that it will acquire Hudson City Bancorp HCBK, taking advantage of a unique opportunity ..... New York, and Connecticut as a result of Hudson City 's damaged business model. Hudson City shareholders will receive .08403 shares

    9. Hudson City Continues to Restructure, but Low Rates Limit Near-Term Prospects

      Commentary

      Wed, 25 Jan 2012

      Hudson City Bancorp HCBK reported a net loss of $736 million ..... gains on securities transactions, Hudson City recorded only $11.4 million in non-interest ..... quality remained solid, however. Hudson City charged off only $20 million of its

    10. Hudson City Returns to Profitability, but Challenges Remain

      Commentary

      Fri, 22 Jul 2011

      Hudson City HCBK reported net income of $96 million ..... interest-rate risk that has been the bane of Hudson City 's shareholders during the last year ..... Partly as a result--and partly due to Hudson City 's balance sheet restructuring

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