Jacob Passy is a reporter with National Mortgage News, covering breaking news in the residential mortgage industry. Passy has been with SourceMedia since 2015 and previously served as a breaking news reporter for American Banker. His work has appeared in numerous publications including CNBC, NBC News and the Wall Street Journal's Speakeasy blog. He is a graduate of the CUNY Graduate School of Journalism and Tufts University.
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Valley National in Wayne, N.J., reported an increase in second-quarter earnings on expanded commercial real estate and business lending.
By Jacob PassyJuly 30 -
American Express and Best Buy will allow consumers to make purchases on the retailers website using the reward points earned from their Amex spending.
By Jacob PassyJuly 30 -
United Bankshares reported higher second-quarter earnings, as the Charleston, W.Va., company boosted lending and kept expenses in check.
By Jacob PassyJuly 30 - Oklahoma
BOK Financial in Tulsa, Okla., reported higher second-quarter earnings as mortgage banking and loan growth offset an increase in expenses.
By Jacob PassyJuly 29 -
ATM operator Cardtronics and fuel retailer Sunoco have renewed their ATM services agreement, extending a 15-year relationship between the two companies.
By Jacob PassyJuly 29 -
Trustmark in Jackson, Miss., reported a dip in second-quarter earnings on shrinking profit margins and declining yields on earning assets.
By Jacob PassyJuly 29 -
Bank of America and Goldman Sachs have promised the Obama administration to invest in, and provide other support for, efforts to fight climate change.
By Jacob PassyJuly 28 -
CIT Group in New York reported lower second-quarter profit, as higher expenses and a drop in fee income offset loan growth. The sale of a student-loan business last year partly skewed the results.
By Jacob PassyJuly 28 -
FirstMerit in Akron, Ohio, reported lower second-quarter profit on shrinking interest and fee income, despite successful cost-cutting measures.
By Jacob PassyJuly 28 -
Fair-value accounting and merger costs took big bites out of Western Alliance Bancorp. in Phoenix last quarter.
By Jacob PassyJuly 27