As commercial real estate lending gained momentum in 2013, so did the percentage of banks with CRE concentrations. We measure the changes since the first quarter of 2007, breaking down the data by the asset size of the banks and the states where they are based.
Millennials are not only taking on much more debt than previous generations, but they may not ever be able to pay it off in their lifetimes, according to a first-of-its-kind study. The same study also shows that banks can do something to help, though.
Consumer Financial Protection Bureau managers are far more likely to rate white employees highly than minorities, data obtained by American Banker shows. The figures reflect broad personnel problems inside the agency and are likely to give rise to claims that it's failing to uphold standards it punishes others for violating.
Predictions vary widely on how hard it will be for foreign banks to comply with a new capital rule from the Federal Reserve. Many will have to sell branches or loans, or they may just need to shuffle some legal paperwork, depending on whom you speak with.
Charles Taylor, a senior official at the Office of the Comptroller of the Currency, said certain highly complex branches of foreign-owned institutions are being subjected to aspects of the agency's "heightened expectations" program.
Rules enacted last year appear to be steadily forcing banks to exit the mortgage servicing business, transferring such rights to nonbanks. The situation is stoking fears on Capitol Hill and elsewhere that regulators went too far.
The Office of the Comptroller of the Currency shuttered the $130 million-asset Millennium Bank in Sterling, Va., while Pennsylvania state regulators closed the $63 million-asset Vantage Bank in Horsham, Pa.
As Dodd-Frank's impact continues to be felt far beyond banks' compliance departments, American Banker is your eyes and ears. In addition to our award-winning coverage, we now also scour a range of resources to aggregate even more of the news you need on this vital topic.