M&T's next CEO could come from within

The death of M&T Bank chairman and CEO Robert G. Wilmers on Saturday leaves a leadership gap at a bank that was already coping with the loss of a prominent executive earlier this year. In February, M&T president and chief operating officer Mark J. Czarnecki died after a battle with cancer. Rather
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BEIJING, Dec. 18 (Xinhua) — China's property market remained largely stable in November with home prices edging down in major cities amid tough purchase restrictions and tight liquidity environment, the National Bureau of Statistics (NBS) said Monday. On a monthly basis, new residential housing
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Wilmers has been the chairman and CEO of Buffalo, N.Y.-based M&T Bank since May 1983. In that time, Wilmers turned what was a $2 billion banking operation into a $120 billion regional financial powerhouse. Under his tenure, M&T completed 24 acquisitions, expanded from 51 branches in one state
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China's housing market has been in a boom lasting more than two years, giving the economy a major boost but stirring fears of a property bubble, with … New home prices rose 5.1% year-on-year in November, down from October's 5.4% increase as the pace of growth slowed in the face of government
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Today, everything on the internet is hackable. In this context, the most vulnerable sector in Pakistan, where data security against fraud attempts is as fragile as a cobweb, is banking, a moot on cyber security was told. Pakistan, which stands 67th on the Global Cyber Security Index 2017, faced its latest
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Authorities have been particularly focused on curbing lending for speculation in the housing market in a broad effort to defuse financial risks from a rapid build-up in debt. Average new home prices in China's 70 major cities rose 0.3 percent in November from the previous month, in line with October's
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President Emmanuel Macron sought to appeal to the French idea of their country as exceptional and iconoclastic in his second major television interview since taking office, saying that their decision to elect him distinguishes them in a turbulent world. “The role that France has today is a role that French
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The total deposit liabilities of the domestic banking system further rose to a fresh record-high P11.307 trillion at the end of the first nine months, the latest Philippine Deposit Insurance Corp. (PDIC) data showed. The end-September deposits across commercial, thrift and rural banks jumped 15.3 percent
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Robert G. Wilmers, the longtime chairman and chief executive officer who drove M&T Bank Corp.'s growth from a small local bank into one of the nation's biggest financial institutions, died unexpectedly late Saturday night. Wilmers, 83, died at his home in New York City, said M&T spokesman C. Michael
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AGF Investments Inc. grew its stake in shares of Philip Morris International Inc. (NYSE:PM) by 1.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,700,132 shares of the company's stock after purchasing an additional
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Deputy Prime Minister Prawit Wongsuwon has been spotted wearing another luxury watch, adding to questions over the government's “big brother” asset scandal. A photo of Gen Prawit wearing another expensive watch was shared online after the Facebook page CSI LA posted the image on its page.
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According to its Property Market Outlook for next year, the property supply will increase following the revival of the collective sales market in 2017, which has seen around 20 residential projects sold to developers amounting to over $6b. This is the highest figure in a decade and is expected to rise further
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Trez Capital Mortgage Investment logo Trez Capital Mortgage Investment Co. (TSE:TZZ) Director Zachary R. George purchased 4,200 shares of the company's stock in a transaction dated Thursday, December 7th. The stock was purchased at an average price of C$4.01 per share, for a total transaction
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The Philippines and Vietnam will remain the star performers in 2018, with economic growth projected to exceed 6 percent again, according to the median forecasts of economists surveyed by Bloomberg. Most of the region's top six economies are set to sustain 2017 momentum, with growth in Indonesia
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How will the tax bill affect homeowners or home buyers? The mortgage interest deduction will stay in place for all homeowners with existing mortgages. If you're about to buy a home, the home mortgage interest deduction will be available for mortgages up to $750,000.
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BEIJING (Reuters) – New home prices in China extended another month of steady growth in November, after picking up slightly in October, … China's housing market has been in a boom lasting more than two years, giving the economy a major boost but stirring fears of a property bubble, with the
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There have been apprehensions that the clause as specified in the Bill is against the depositors' interest as in the event of a bank failure, the deposits kept with the banks will be used to “bail in” banks (as opposed to a “bail-out”) to absorb the losses incurred and will not be available to the depositors.
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ANZ Banking Group will launch a $1.5 billion share buyback after selling its life insurance unit, its wealth business and a 20 per cent stake in Shanghai Rural Commercial Bank. The sale of the bank stake, first announced in January, was completed on Monday. ANZ Bank shares rose in a day of subdued
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Sebastian Pinera celebrate his victory with family and supporters in Santiago on Dec. 17. Photographer: Claudio Reyes/AFP via Getty Images. Billionaire Sebastian Pinera swept to victory in the second round of Chile's presidential election, putting him back in charge of Latin America's wealthiest country
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He was holding it on behalf of the company and its leadership, Bloomberg News reported. HNA reorganized its ownership structure in early 2017 and Guan distributed most of his holdings to five individuals, who then donated the shares to HNA's Cihang foundation. Guan donated his remaining stake,
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