Laura Alix

With the 2018 hurricane season just around the corner, a recent report from the Federal Reserve highlights how much competition credit unions face when it comes to lending to small businesses recovering from natural disasters.

The Providence, R.I., company said that Citizens Access will open for business nationwide next quarter.

The Tulsa, Okla., company has quietly carved out a niche financing tribal casinos within its footprint, and now it’s ready to take the business into new markets.

Legal costs and legacy issues related to previous management continue to weigh on the online lender's results.

The Japanese bank, owner of Union Bank in San Francisco, has hired RBC alum Roger Blissett to raise its profile among lawmakers, oversee compliance and build deeper relationships with regulators as its recent charter switch continues to stir controversy.

In letters to the six largest U.S. banks, the Ohio Democrat accused the banking sector of moving call center jobs overseas while reaping benefits from the recent tax cut law.

The insurance giant said it would need to make a “significant additional investment” to gain scale and be competitive. It has hired an investment banker to help it unload deposits and loans.

The Bridgeport, Conn., company said Friday that CEO Jack Barnes has relinquished the president's title and that Jeff Tengel has moved into the role.

A bank that can deliver a loan decision a little faster, or ask a client to input information just once, could get a leg up on the competition. But some executives are skeptical of software sales pitches and fear overpaying.

The Birmingham, Ala., company is also looking to bulk up in Atlanta, Houston, Memphis and Knoxville, Tenn.