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Demand has soared for mental health services as bank employees put in long hours, supervise kids while working at home and endure personal crises. Citi, BofA, Fifth Third and others are getting creative to help them decompress during the pandemic.4h ago
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The Office of the Comptroller of the Currency watered down numeric metrics that some groups blasted and allowed more institutions to opt out of the new regime. But whether the agency has won over any detractors remains to be seen.May 20
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The Ohio company said the decision reflects branch overlap and lower customer usage of the locations being shuttered.May 20
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The sellers will continue to service the loans and retain the fees they receive from the Small Business Administration.May 20
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Lenders are scrambling to pause ranchers’ loan payments as meat processing plant shutdowns during the pandemic threaten $25 billion in losses for the livestock industry.May 19
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The final regulation will significantly revise a December proposal, responding to concerns from stakeholders. Meanwhile, in a surprising move, the regulator who had championed the reforms is expected to resign this week.May 19
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The Texas bank is leaning on solutions from Lightico and MANTL to quickly set up accounts and handle loans when customers can’t sign documents in person because of the coronavirus emergency.May 19
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Mike Maddox will succeed George Jones on June 1.May 19
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Nicolet Bankshares said its lagging stock price would complicate efforts to complete its planned purchase of Commerce Financial.May 18
