Finance

The Seattle bank is a victim of the short selling that has rocked the banking industry this year and its stock price doesn't reflect its fundamentals, CEO Mark Mason argues.

The banking giant plans to put all asset managers through training in Python programming language, whether they 'like it or not.'

The bank said it agreed to sell a $2.6 billion portfolio of 74 real estate construction loans as part of its plan to shore up liquidity.

Federal Reserve Bank of New York President John Williams says there is no evidence that the COVID-19 pandemic has ended the era of very low interest rates experienced before the crisis, although growth may be slower in the long run.

Shares in small banks have plummeted during this year's banking crisis. But deposits have largely stabilized and credit quality remains historically strong, bolstering the case for bargain buying and a sector rebound.

The challenger bank offers the largest advances on the market, but it is still working to become net cash positive and faces stiff competition.

Lenders used the firm's software in nearly a quarter of originations in the second half of last year, up from 14% over the same period in 2021.

The North Carolina company, which acquired the remains of Silicon Valley Bank in late March, is now taking steps to shore up its deposit base. Those efforts, which follow outflows tied to Silicon Valley Bank customers, include paying higher rates at its nationwide online bank.

The move cancels the fee Fannie Mae and Freddie Mac would have imposed on certain loans for which the borrower's total debt exceeded 40%.

The buy now/pay later fintech said during its earnings report that it's rolling out new products, while also creating a way for borrowers' credit scores to reflect their repayments.

Investors argues in suit that Jamie Dimon and other executives risked the bank's reputation in their dealings with the disgraced financier.

Banks and market watchdogs are laying a lot of the blame for volatility in regional bank stocks on short sellers. But if regional banks and regulators want to get even, all they have to do is stay strong.

Dan Schulman plans to accelerate moves into advanced machine learning, checkout and merchant services to add speed and efficiency to product development.

In the wake of spiking interest rates and surging deposit costs, bankers are looking for ways to scale back their overall expense bases to protect their bottom lines.

As foot traffic in stores slows, the prepaid card issuer is upgrading its technology to serve more customers via embedded finance and payroll partnerships.

Block has launched several new products in recent months to boost its profile among merchants, setting the stage for its next steps involving advanced artificial intelligence and open development techniques.

Levels of concern rise above where they were during the 2008 financial meltdown.

At the embattled Republic First Bancorp, elevated legal, professional and audit fees also contributed to a nearly $10 million in first-quarter loss but CEO Thomas Geisel reports signs of progress moving past "legacy headwinds."