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Andy Peters

Andy Peters writes about regional banks, consumer finance and debt collections for American Banker. He also co-writes the Morning Scan column. He has previously written for Bloomberg and for the Daily Report, a legal newspaper in Atlanta. He got his start in journalism as an editorial intern for The New York Times. His Twitter handle is @AndyPetersAB

Recent Stories from This Author

Astoria, with Sale in Limbo, Scrambles to Schedule Annual Meeting
August 25, 2016 Astoria Financial has set a December date for its annual meeting this year—something the bank never expected to do.

M&T Unit, Other Lenders Seek $500M from Oil CEO's Estate
August 24, 2016 Several lenders are attempting to recover a combined total of nearly $500 million from the estate of the deceased chief...

C&I Is Safer than Construction Loans, Right? Maybe Not
August 23, 2016 The latest lending figures show just how prodigious banks' shift from construction to C&I loans has been since the crisis. Yet...

Allied Bank in Ark. Ordered to Find a Buyer or Raise Capital
August 18, 2016 Allied Bank in Mulberry, Ark., has been ordered to immediately raise capital or find a buyer to address its precarious capital...

Libor's Surge Boosts Profits at Commercial Lenders
August 17, 2016 The spike in the Libor rate is a boon for banks that have lots of floating-rate loans tied to the well-known benchmark. Shifts...

Merchants Bank in Pa. Hires Fulton Financial Exec as Chief
August 12, 2016 The $359 million-asset Merchants said in a press release Friday that Rocco Del Vecchio will succeed Anthony Biondi as chief...

Data Firm to Pitch Regulators on Payday-Loan Credit Bureau
August 12, 2016 Another data firm plans to seek regulatory certification as a credit bureau for payday lenders.

ICBA Bancard Buys $98M Portfolio from Fifth Third
August 11, 2016 ICBA Bancard has bought an agent bank portfolio from Fifth Third Bancorp in Cincinnati that carries about $98 million in...

Banks Pulling Out All the Stops to Combat Tight Margins
August 10, 2016 Lending margins are once again contracting thanks to a confluence of factors, and bankers are doing everything from shifting...

OnDeck Defends Strategy After $17.9M Loss
August 8, 2016 The marketplace lender OnDeck Capital is sticking with its lend-and-hold strategy even though the practice contributed to a...

Can Big Data Help Bankers Avoid Another CRE Debacle?
August 8, 2016 Under pressure from regulators to beef up risk management in commercial real estate lending, banks are using new software...

Dimon's Call to Scrap Guidance Raises Transparency Concerns
August 4, 2016 The age-old fight over whether earnings forecasts are essential for investors or bad for the economy has new legs, and banks...

Who Will Fill the Credit Reporting Void in the CFPB's Payday Plan?
August 1, 2016 The linchpin of the federal government's payday lending proposal is a credit-reporting system for small-dollar loans created...

The Bancorp Posts $31M Loss on Enforcement Consulting Costs
July 28, 2016 An enforcement action related to anti-money-laundering compliance once again forced The Bancorp in Wilmington, Del., to report...

Merger Costs Chip Away at United Bankshares' 2Q Profit
July 28, 2016 Costs associated with its acquisition of Bank of Georgetown contributed to a reduction in second-quarter profit at United...

State Street Cost Cuts Paying Off as Profit Rises 50%
July 27, 2016 State Street's cost-cutting plan began to pay dividends, as the Boston company's second-quarter profit rose sharply on lower...

Prosperity's Energy Exposure Shrinks, But 2Q Profit Drops Anyway
July 27, 2016 The energy sector downturn led to lower second-quarter profit at Prosperity Bancshares in Houston, which continued to shrink...

Early-Retirement Costs Bite into Trustmark's Profit
July 26, 2016 The costs to extend buyouts to employees cut into Trustmark's second-quarter profit, as did a drop in mortgage banking.

Ally Swings to 2Q Profit on Tax Gain
July 26, 2016 Ally Financial in Detroit swung to a profit in the second quarter as a tax benefit outweighed the costs of insurance payouts...

Is Size an Advantage? Not Always, Our Ranking of Regional Banks Shows
July 26, 2016 The combination of higher regulatory expenses andreduced income from interchange fees is taking a toll on the profitability of...

Moving Money Across Borders, Phone to Phone
Bill Barhydt, founder of startup Abra, explains how his company's mobile app uses bitcoin as a payment rail for cross-border remittances while solving the foreign exchange risk and last-mile problem that have hampered adoption of the cryptocurrency.
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