MT Bank

Wilmington Trust shares plummeted 44% in morning trading Monday as the struggling East coast institution announced M&T Bank would acquire the company in a stock transaction valued at $351 million.

Allied Irish Banks (AIB), the lender being taken over the Irish government, will raise roughly $2 billion by selling its 22.4% stake in M&T Bank Corp (MTB). The Dublin-based bank will offer 26.7 million notes for a price of $77.50 each, Bloomberg News said. The notes will be exchanged for...

Warren Buffett is bullish on his banks. The Berkshire Hathaway (BRK.A) CEO and second-richest man in the world would love to boost his company's stakes in Wells Fargo (WFC), US Bancorp (USB) and M&T Bank (MTB) because their shares are so attractively priced, he said at Berkshire's annual...