The regulator issued “needs to improve” ratings to First Federal Savings & Loan Association of Lorain, Ohio, and United Trust Bank in Palos Heights, Illinois.
Armenian investment firm Balchug Capital has been approved to buy the unit for an undisclosed sum, nearly three years after Goldman pledged to exit Russia.
President Donald Trump’s return to the White House is largely expected to spur a wide-scale easing of regulation. But how that takes shape in banking mergers and acquisitions remains to be seen. The ...