Kevin Wack is American Banker's national editor, and is based in southern California. He was formerly the publication's consumer finance reporter and its Capitol Hill correspondent. Earlier, he worked on financial policy in Washington. He has also reported for the Associated Press and worked as the investigative reporter for the Portland Press Herald in Maine.
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On the first big day of 2Q results, bankers said their investments in middle-market lending have started paying off. JPMorgan Chase and PNC have added commercial loan officers in new markets across the country.
July 14 -
It's not only regulation that is hurting profitability, but also banks' failure to adapt to the internet age, according to a recent study.
July 12 -
The nation’s largest state set out to bring a once-illicit industry into the financial mainstream but is now running into a Washington, D.C.-size barrier.
July 10 -
The subprime business lender halted new business and laid off scores of employees after recording higher-than-expected losses.
July 6 -
AutoGravity of Irvine, Calif., has received $30 million in equity financing from VW Credit, according to a source familiar with the matter.
July 6 -
A new report from the American Bankers Association reinforces existing concerns about the ability of U.S. consumers to manage all of their debts.
July 6 -
Though they face an array of competitive threats — from digital currencies to peer-to-peer payment apps — the vast majority of community banks do not have a payments strategy, according to a recent survey.
June 30 -
The move comes at a time when both Prosper and the broader industry it helped to pioneer are struggling.
June 29 -
The online small-business lender has also announced the hiring of a new U.S. head of capital markets.
June 29 -
The New York-based company saw its fortunes fade after riding an earlier wave of investor enthusiasm about marketplace lending.
June 29
