
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 Delaware company reported nominal profit in the second quarter as it attempted to sell off its commercial loans and address concerns listed in a year-old regulatory order.
The embattled Bancorp in Wilmington, Del., has named Steven Turowski chief risk officer and submitted some previously delayed financial reports that shed more light on its financial condition.
A number of New York banks are stepping away from medallion lending as delinquencies rise and competition for fares intensifies.
A number of New York financial institutions are stepping away from medallion lending as delinquencies rise and competition for fares intensifies.
A number of state banking associations held their annual conferences in posh out-of-state locations this year as executives show a greater willingness to make travel plans.
It remains unclear if a new platform from the Chicago Board Options Exchange will provide enough incentives and safeguards to prompt community banks to switch from using the existing federal funds system.
Banks are going to keep cranking out loans at a brisk pace for the foreseeable future, according to the heads of three Chicago-area banks. That could spell trouble if the competition leads to reckless credit decisions.
Some institutions, such as Amalgamated Bank in New York, are voluntarily raising wages for tellers and other workers, while banks in cities such as Seattle and Los Angeles are being forced to pay more by municipal ordinances.
Roughly 20 banks still have capital from the crisis-era program. Most are way behind on dividend payments and have limited options to raise capital to repay the Treasury Department.
The Pennsylvania company chose to sell to a much larger bank rather than buy smaller rivals or manage assets to delay added regulatory burden. More banks could follow that example. The only thing missing is interest from regional suitors.
Banks are making a big push to court retailers with large stacks of cash, including fast-food chains, gas stations and big-box stores. Regional banks, in particular, are expanding their "smart safe" business a niche treasury product that retailers use to sort and remotely deposit dollar bills.
Regional banks are selling more and more of the machines that big retailers use to count, store and deposit cash. As old-school as it sounds, it's making the banks money at a time when they need alternative revenue sources.
The relationship between banks and private equity has been tense at times, but the aid PE firms are supplying to struggling energy firms could limit the losses suffered by lenders.
Executives still have a number of reasons to put off acquisitions, as a dearth of natural targets and regulatory scrutiny still provide enough reasons to be hesitant. As a result, 2015 deal activity is flat compared with a year earlier.
Washington Trust has significantly increased its deposit market share in Rhode Island in the past five years, without buying any banks, and is casting its eye across the state's borders. We talk growth strategy with the company's CEO and its COO.
First Bancorp, OFG Bancorp and Popular Inc. have been trimming exposure to central government loans in recent years to limit their exposure to a financial crisis. Most still bank the island's municipalities, though they have strict underwriting and collateral to protect their interests.
Santander Consumer USA Holdings expects to endure more credit losses in the coming quarters, as it expands its portfolio of higher yielding, subprime loans. But its CEO sought to assure investors that its profits would far exceed those costs.
Santander Consumer USA Holdings in Dallas reported higher profits due to a spike in gains on loan sales.
The Conference of State Bank Supervisors recently challenged college students to examine how community banks survived the financial crisis, and the contest highlighted innovative strategies used by Main Street banks such as Bank of American Fork in Utah.
The Ohio company has been giving customers longer grace periods to address overdraft charges. While it has seen service charges decline, the company has been adding customers and checking accounts.