H&R Block Free from Fed After it Divests Bank Unit to BofI Holding - Presented by: The Aol. On Network

H&R Block has agreed to divest its bank unit to BofI Holding Inc. The move will release H&R from numerous regulatory restrictions from the Federal Reserve, including not having to seek Fed approval for its share buyback programs. The consumer tax firm said it will receive around $200 million to $250 million in immediate excess capital if the deal passes regulatory approval. BofI Holding said it expects annual revenues of between $26 million and $28 million from the unit beginning fiscal 2015.



Related Videos

Most Popular Videos

Latest Videos


Most Active by Volume

Company Last Sale Change Net / %
CHK $ 5.39 0.42 ▲ 8.45%
GE $ 32.06 0.53 ▼ 1.63%
BAC $ 14.38 0.11 ▲ 0.77%
SWN $ 14.47 1.26 ▲ 9.54%
PYPL $ 37.42 2.71 ▼ 6.75%
INTC $ 34.66 0.39 ▲ 1.14%
SKX $ 24.99 7.19 ▼ 22.34%
SIRI $ 4.21 0.05 ▲ 1.20%

As of 7/22/2016, 04:15 PM