
Kristin Broughton
Kristin Broughton is a reporter for American Banker, where she writes about the business of national and regional banking.
Kristin Broughton is a reporter for American Banker, where she writes about the business of national and regional banking.
The San Francisco-based online lender will soon begin selling refinanced student loans through Promontory’s member network.
The company will continue its push into select, economically attractive areas as it continues to scale back its branch count elsewhere.
Corporate borrowers aren’t ready just yet to pull the trigger on multimillion-dollar loans to buy fleets of trucks or scads of new inventory despite excitement about a more business-friendly Washington, lenders cautioned.
Bank CEOs have recently raised red flags about the president's protectionist rhetoric, including his proposals to tax imports from China and Mexico. The concerns have arisen as import-export financing is already facing headwinds.
The Livingston, N.J., company took a big hit in the fourth quarter as it continued to divest certain business lines and restructure its operations.
Eastern Bank developed its own online lending platform to compete with the likes of Kabbage and OnDeck. It might now be able to cash in by licensing to other banks.
TCF Financial executives are considering pulling back from selling auto loans, following a sharp decline in gains during the fourth quarter.
Declines in deposit-service charges and in gains on the sale of auto loans drove down 4Q earnings.
The spike in fees compensated for lower interest income.
Big increases in construction and commercial real estate lending boosted revenue at the Kansas City, Mo., company.