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Hudson City Bancorp HCBK

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    1. M&T is Still Playing Below its Potential; Maintaining Our Fair Value Estimate

      Commentary

      Thu, 22 Jan 2015

      non-bank lenders. Unfortunately, M&T does not seem to be planning much in the way of additional capital return until the Hudson City merger is finally consummated later in the year. Furthermore, recent compliance issues could be a qualitative obstacle to

    2. 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

    3. 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

    4. 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

    5. 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

    6. 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

    7. 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

    8. 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

    9. 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

    10. 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

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