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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

Does Brokered-Deposit Bill Give Special Treatment to Promontory?
September 30, 2016 Some providers of deposit-placement services to banks are crying foul over a proposal they say would give the market's...

Bucking Trend, SunTrust, Flagstar Stockpile Mortgage Servicing Rights
September 22, 2016 Banks are dumping their mortgage servicing rights because low rates and new rules make it hard to earn a profit. SunTrust,...

MUFG Union Bank Names Private Wealth Management Exec
September 19, 2016 MUFG Union Bank has named a head of private wealth management for its northern California and Pacific Northwest region.

Banks' Online Ad Spending Soars in Quest for Trackable Data
September 19, 2016 Bankers may have a reputation for being old-school, but their rapidly growing digital-ad budgets are in step with the rest of...

Demchak Says PNC's 'Operating Below Potential' on Consumer Side
September 14, 2016 PNC Financial Services Group plans to increase consumer lending with its current tilt toward commercial loans generating lower...

PNC Seeking to Sell BlackRock Stake Valued at $12B
September 14, 2016 PNC Financial Services Group wants to sell its stake in BlackRock, the world's largest asset manager, a deal that could fetch...

Bank Efficiency Is Best in 6 Years; Can It Last?
September 12, 2016 Years of branch closures and job cuts are paying off for banks in the form of much-improved efficiency ratios. But with low...

TIAA Names Executive Leadership After EverBank Deal
September 7, 2016 TIAA will promote one of its own to chair its expanded bank after it buys EverBank Financial in Jacksonville, Fla.

First Citizens' CEO Quits as Ky. Parent Prepares to Consolidate
September 2, 2016 Scott Conway's resignation from the $292 million-asset bank took effect Aug. 29, according to a regulatory filing issued on...

Associated in Wis. Hit with Mortgage-Related CRA Downgrade
September 2, 2016 The $29 billion-asset company said in a regulatory filing Thursday that the "needs to improve" rating will likely restrict its...

Why Many Banks Are Hanging On to FDIC Loss-Share Pacts
August 31, 2016 Plenty of banks have ended their federal loss-share deals early, but despite the incentives to wind them down, plenty more...

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...

Will Tech Advances Hurt the Underbanked?
It's long been assumed that technology will help the financially underserved access the banking services they need. Christine Duhaime, founder of the Digital Financial Institute, a fintech think-tank, says this assumption is wrong.
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