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Lending Club reported record earnings in the fourth quarter thanks to soaring loan demand.
February 11 -
Strong demand for rentals will keep pace with new construction over the next few years, the government-sponsored enterprise says.
February 10
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Bank of America says it has found a growth opportunity courting European companies with U.S. subsidiaries as beleaguered European banks retrench.
February 10 -
Should companies that manage collateralized loan obligations but don't originate the loans be subject to Dodd-Frank's risk-retention rules for securitizations?
February 10
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The White House and other Democrats have long pushed for banks to offer affordable small-dollar loans as an alternative to payday loans and other costlier credit, but banks have struggled to make them profitable and safe for consumers.
February 8 -
LendingClub won over debt investors with algorithms that quickly assess borrowers' creditworthiness, making it easy for banks, hedge funds and others to snap up billions of dollars of consumer loans arranged through its online platform. Those algorithms still have some kinks.
February 5 -
Despite their recent growth, too few marketplace lenders are reporting data to the consumer reporting agencies, which could negative repercussions on the financial system.
February 5
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American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.
February 5
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SunTrust Banks in Atlanta has committed $50 million to a credit facility for the online small-business lender Credibly.
February 3 -
Atlantic Capital Bancshares in Atlanta has formed a lending division to focus on the emerging film and entertainment industry in Georgia.
February 3 -
WASHINGTON The current financial regulatory structure is ill-suited for innovation, but a legislative effort to fix that may still be a long way off, according to top House Republican lawmakers.
February 2 -
WASHINGTON The Federal Deposit Insurance Corp. is urging banks to perform due diligence and identify potential risks before conducting business with marketplace lenders.
February 2 -
OnDeck Capital, an online small-business lender in New York, has added a former E-Trade Financial executive to its board, as another director plans to leave.
February 1 -
The marijuana industry is still hampered by its own banking crisis, but the rigidity of federal laws is not stopping all advances in financial services for the sector.
February 1
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CoBiz Financial in Denver postponed a conference call to discuss its fourth-quarter earnings, after an $11.2 million loan was downgraded and placed into nonaccrual status.
January 29 -
College Ave Student Loans, an online lender in Wilmington, Del., announced Thursday that it has raised $20 million in equity financing.
January 28 -
TCF Financial in Wayzata, Minn., reported higher profits on lower provision costs and a pickup in lending in the fourth quarter.
January 28 - Wisconsin
Bank executives have faced relentless questions about their energy-sector exposure during fourth-quarter earnings calls this month, as oil has bobbed above and below $30 a barrel. They are taking more drastic actions to contain losses, but it still might not be enough.
January 27
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The energy sector downturn took a big bite out of quarterly earnings at Cullen/Frost Bankers in San Antonio.
January 27 -
Enterprise Financial Services in Clayton, Mo., has acquired a $21 million loan portfolio as part of its formation of an aircraft financing unit.
January 25
