What seems like a good news/bad news scenario is closer to a bad news/worse news one.

With banks already under stress, nonbanks that have capital consider a profit opportunity.

Accompanying the acquisition is additional investment of an undisclosed amount.

If the prices negotiated are too low, big depositors and investors in other banks could react, putting more of the institutions into trouble.

In the meantime, the chance of a June pause in a rate hike that many so badly want isn't a sure thing.

You may have the software, hardware, and data, but if you don't have the people to keep everything running and to understand the information that comes back, you may not have much at all.

CIVIC focused on investors who didn't fit traditional lending criteria.

The combined entity will become internally managed, taking over duties previously performed by AR Global.