MADISON, Wis. - (12/02/04) -- Loan growth continued to be strongat credit union in October, according to CUNA. Loans expanded by0.6% during October, pushing year-to-date loan growth to 9.2%, thestrongest since 2000. Home equity loans led the way for the month,growing by 2.7%; while adustable-rate real estate loans grew by1.3% and new car loans by 1.1%. Unsecured personal loans,fixed-rate mortgages and credit card loans all declined during themonth. Share growth rebounded in October after two down months,rising to 1%. Share growth through the first 10 months of the yearwas 5.2%, down from 9.5% for the same period last year, and thelowest since 2004.
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JPMorganChase wants to expand its digital bank offerings to three more European countries, according to a new Financial Times report; M&T Bank Corp. elects Jerry Jacobs Jr. to the board of directors of both its parent and banking subsidiary; Citizens Financial Group names Chris Emerson as head of investor relations; and more in this week's banking news roundup.
June 19 -
Banks that don't embrace embedded payments now risk losing out to more nimble rivals in the near future.
June 19 -
Anthropic's head of banking told New York Banking Summit attendees that the future is agents that operate autonomously alongside employees.
June 19 -
Chair Travis Hill said SVB showed banks can't always sell securities fast enough to cover deposit outflows, but acknowledged the "stigma problem" with discount window borrowing remains unsolved.
June 18 -
At a conference in New York, Joseph Otting reflected on the difficult hiring decisions he made early in his tenure heading Flagstar Bank, which just two years ago was on the verge of collapse.
June 18 -
Back-office automation fintech BILL Holdings is using JPMorgan Payments white-label digital wallet to subledger its own clients' accounts. Reconciling client payments for BILL's corporate card, the BILL Divvy Card is the company's first use case.
June 18








