Finance

The economy could “positively slow down in mid-2019” and consumer debt levels are a huge concern, but technology and lessons learned from the crisis could still create opportunity for small banks, says Beneficial’s Gerry Cuddy ahead of a big speech on current conditions.

National Credit Union Administration Chairman Mark McWatters called on lawmakers to further expand field-of-membership options for CUs and to permit the regulator to oversee third-party vendors, including fintech partners.

The firm hopes to distinguish itself from other lenders by analyzing customer cash flow to determine the likelihood that borrowers will repay.

The company will record a quarterly charge after reporting potential fraud tied to commercial deposit accounts.

First Foundation sold loans to Freddie Mac to free up space for higher-yielding credits. It then bought the securities that were formed to replace other, lower-yielding assets through an often overlooked program.

Citizens & Northern will pay $43 million for the $348 million-asset Monument.

Laplanche agrees to a three-year securities industry ban and a small fine to settle SEC fraud charges on loan sales; analysts are expecting a "tepid" quarter as some trading activity suffers.

A dozen additional credit unions have signed on with the service to help review vendor contracts in order to improve efficiencies and cut costs.

The $1.1 billion-asset credit union will move to Fiserv's DNA platform while implementing other services from the technology provider.

The report from an advocacy group that focuses on college affordability says schools need to do a better job of educating students about their eligibility for federal loans, which typically carry lower interest rates than loans from private-sector lenders like credit unions.

Large retailers want the right to reject rewards cards at the point of sale to avoid higher swipe fees; Germany's financial regulator appoints an auditor to monitor the Deutsche Bank's progress.

The bank's public offering comes three years after it raised $16 million in a private placement.

Bouazza has taken major steps to restructure the executive teams at HSBC’s offices in Latin America, identifying high-achieving bankers — many of them women — who had been previously overlooked for promotion to senior positions.

The way Charlotte McLaughlin sees it, grit is a little like exercise: You only get stronger with practice.

Even with more than 30 years of experience in banking, Julie Monaco still finds value in the advice a mentor passed on to her as a young, rising executive.

Under Liz Myers, J.P. Morgan's capital markets group was the No. 1 underwriter for IPOs in the U.S. and Latin America last year. Now she has her sights set on China.

After being involved in more than 70 syndicated finance transactions involving noninvestment grade companies, KeyBanc Capital Markets has graduated to lead bookrunner status, under Amy Carlson.

The Dallas company said a commercial client submitted falsified documents that inflated how much colloteral it had available.

The acquisitive company plans to buy Blue Hills Bancorp to boost its footprint in eastern Massachusetts.

All three credit unions hold less than $250 million in assets.