COMMERCIAL QUANDARY: First Niagara's commercial lending is "very strong," CFO Gregory Norwood said. However, commercial lending fell at TCF, and CEO William Cooper said some rivals are pricing loans so low that "I don't know where they are making their money."
Banks can't live with commercial lending and can't live without it these days, two earnings reports Friday showed. First Niagara's commercial loans rose while TCF's fell. But TCF's margin is much higher and fell less sharply than First Niagara's.
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