Jackie Stewart is the executive editor of American Banker Magazine. Previously, she covered breaking news, community banks and mergers and acquisitions for American Banker before being named as the managing editor of the Credit Union Journal. After graduating from Northwestern University in 2006, Jackie taught for two years in the Bronx, N.Y., through Teach for America.
Management is in the process of putting together a new capital plan designed to reduce the Salt Lake City company's risk profile while empowering lenders to do their jobs.
Some banks have built their entire strategy around being ecofriendly while others dabble in this area. Regardless, being environmentally conscious can help bring in new business.
Zions Bancorp. (ZION) in Salt Lake City reported lower quarterly earnings after its net interest income dipped.
Midsize banks remain concerned about their ability to meaningfully grow revenue at a time when yields on loans are narrowing and income from mortgage banking a key revenue driver continues to shrink.
The Cleveland company reported earnings of $236 million, up more than 18% from a year earlier. Earnings per share of 27 cents beat analysts' estimates polled by Bloomberg by three cents.
Executives at U.S. Bancorp, PNC and Huntington all sounded cautiously optimistic about lending opportunities and each has a favorite region when it comes to finding borrowers.
Huntington Bancshares (HBAN) in the first quarter padded its litigation reserves and recorded one-time expenses related to a recent acquisition.
CARS Inc. and others in the CDFI industry hope that making financial data easier to obtain will spur more people to invest in the sector.
People who lack a credit or work history in the United States may have trouble getting a mortgage under the new qualified-mortgage rule, bankers say. A number of immigrants are self-employed, which makes it even harder to qualify.
Leverage Ratio Could Leave $68B Capital Gap; New Security Threat
Banks everywhere are evaluating their odds of survival, which takes capital. Mutuals are at a disadvantage in that regard but are looking to change that through new legislation.
Drew Breakspear spent decades as a banker before becoming the top industry enforcer in Florida. He is empathetic to banks, realizes the growing importance of virtual currencies like Bitcoin and believes more bankers should serve on the Fed's Board of Governors.
Community banks are considering issuing their own credit cards as a way to protect their customer relationships and bring in fee income.
Volunteering at nonprofits is a good place to start, high-ranking female bank executives told attendees at a recent conference. Women also need to confront barriers head on.
A recent survey shows that two-third of mutual savings banks have considered mergers and that 40% give it even odds that they will participate in consolidation in the next five years.
The company runs a quarterly competition where the public votes for their favorite charity. The winning nonprofit receives $5,000.
Bankers should view complaints on sites like Facebook and Twitter as an opportunity to publicly score points with customers.
Community banks are revamping branches and offering new services in an effort to become trusted advisers to small businesses. Such a transformation is often easier said than done.
GE to Spin Off Card Unit; DOJ Scolded; Target Breach Preventable?
East River Bank has started using hipper images in its advertising to reflect and connect with its young, urban customer base.