Do you have a branch or facility sorely in need of a visual improvement? Do you wish a team of contractors and workers would just arrive one day and rebuild your facility? Well, The Credit Union Journal can't arrange that, but we have arranged with members of our Facilities Panel of Experts to add their eyes and advice on what you can do-and it's free! All you have to do is send a photo of the area/branch you'd like to approve, and we'll put it in front of our panel. (And if it's so bad you don't want others to see how you live, we'll keep it anonymous!) Send images to fdiekmann@cujournal.com, or P.O. Box 4387, West Palm Beach, FL 33402.
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The Cleveland-based bank is projecting steady growth in net interest income even as credit losses remain manageable. But Chairman and CEO Chris Gorman also said that he thinks a recession is likely.
April 18 -
The first-quarter increase involved commercial real estate loans, including some problematic multifamily loans and an office credit, but none of the criticized loans were to consumers, officials at the Dallas company say. Further CRE deterioration is anticipated.
April 18 -
The Detroit-based company is exploring ways to make more consumer auto loans without running afoul of stricter capital standards that are expected from the Federal Reserve. Possible approaches include more securitizations and the use of credit risk transfers.
April 18 -
The House Financial Services Committee also sent to the full House two bipartisan bills, including one that would prevent large banks from opting out of having to recognize Accumulated Other Comprehensive Income in regulatory capital.
April 18 -
Charge-offs and nonperforming loans rose at the Georgia bank in the first quarter. But it blamed the problem on one large client and said the matter has been resolved.
April 18 -
Amid healthy first-quarter loan growth and improving credit quality, Discover Financial Services slashed its profits by $800 million to offset remediation costs from a 16-year period when it overcharged certain merchants.
April 18