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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

Interest Rate Hedges Hurt BNY Mellon
July 21, 2016 The Brexit vote last month gave a small boost to second-quarter profit at Bank of New York Mellon, but the low interest rate...

Robotics? Really? BNY Mellon Automates 'Mind-Numbing' Tasks
July 21, 2016 The bank is using software "robots" 30 of them, according to its CEO to cut costs and shift workers to more fulfilling work.

Northern Trust Profit Dinged by Litigation, Severance Costs
July 20, 2016 Costs from a lawsuit settlement, the modification of some customers' contracts and employee severance costs combined to push...

Oil's Rebound, Loan Demand Spark Profit Rise at Texas Capital
July 20, 2016 The recent rise in oil prices and a surge in loan demand helped Texas Capital Bancshares in Dallas bounce back in the second...

M&T Lowers Loan-Loss Provision by 35%
July 20, 2016 M&T Bank's second-quarter profit improved thanks to a lower loan-loss provision and other factors.

Brexit Brightens Revenue Picture for Custody Banks
July 19, 2016 The three custody banks had been projected to post weak second-quarter results because of a lull in foreign exchange trading....

Consumer Loans Offset Energy Woes at Regions Financial
July 19, 2016 Surging revenue from consumer lending, including auto loans and mortgages, offset credit problems from the energy sector in...

Why $53 Billion Is B of A's New Magic Number
July 18, 2016 Even absent a rate hike, executives believe that the banking giant can still improve profits by hitting this expense target.

Battered Regionals Pledge to Keep Fighting Against Tough Conditions
July 15, 2016 It's liable to be an uphill climb as banks try to boost revenue and hold profit steady over the rest of the year. Here's why.

PNC's Profit Hit by Drop in Asset Management, Investments' Value
July 15, 2016 PNC Financial Services Group in Pittsburgh reported lower quarterly profit that reflected a decline in asset management fees...

Dimon's Minimum Wage Is Nice, But
July 12, 2016 JPMorgan Chase plans to increase its minimum wage and provide training to tellers. But the plan will only amount to a small...

Cost of Overdrafts on Rise as Reg Action Looms
July 11, 2016 The combination of smarter consumers and likely CFPB action have, oddly enough, pushed banks, especially large ones, to raise...

Why Small Banks Are Rushing to Issue Subordinated Debt
July 6, 2016 Community banks are stepping up efforts to raise cheap capital to fuel loan growth, make acquisitions and redeem pricier...

Which Big Banks Would Suffer Most If Rates Fell Below Zero?
June 20, 2016 For the first time, the Fed this year is requiring banks subject to stress tests to show how they would cope with the...

Ally Bank Pulls Out the Plastic with Cash Rewards Credit Card
June 16, 2016 Ally Financial has introduced its first credit card, as the online bank continues to add products to complement its staple car...

Small Fla. Bank Is First in U.S. to Issue Credit Card for Use in Cuba
June 15, 2016 Stonegate Bank in Florida has introduced a credit card that its customers can use in Cuba. In doing so, the $2.5 billion-asset...

How Worried Should Banks Be About Rise in Problem CRE Loans?
June 14, 2016 Delinquencies on non-owner-occupied commercial real estate loans ticked up in the first quarter after years of steady...

Banks' Guessing Game: Which Customers to Keep When Rates Rise
June 7, 2016 Most banks will be content to let the rate chasers walk if CD rates rise, but they'll still need to hike payouts if they hope...

Morning Scan: Overheated Auto Lending Sector Worries Dimon; Tougher Stress Tests Coming
June 3, 2016 Receiving Wide Coverage ... Auto Loans in the Spotlight: All of those TV and radio advertisements from car dealerships could...

Morning Scan: Mortgage Laws Put Lenders in a Bind; Rappers' Fraud Confession
June 2, 2016 Receiving Wide Coverage ... State of Banking, Continued: The regulatory push for banks to take fewer risks in mortgage...

'Capital Doesn't Matter. Confidence Is What Matters'
Christopher Whalen, senior managing director and head of research at Kroll Bond Rating Agency, discusses the sorry state of European banks, the missteps by European Union regulators and the potential ramifications for financial institutions in the U.S.
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