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Smaller institutions have increased the size of their auto books in the last year, with the 25 most-active lenders reporting a nearly 7% increase. More borrower demand and a pullback by some bigger lenders are contributing to the rise.
December 19 -
As financial institutions have gained a clearer understanding of blockchains, they've begun to see the merits of openness in supporting collaborative innovation, and the limitations of the old you-can't-touch-this approach.
December 19 -
Longtime CEO Richard Kovacevich retired from Wells Fargo almost a decade ago, but understanding the scandal that has engulfed the bank requires a close look at the cross-selling mindset that he left for his successors. It was a culture in which the sales often justified the means.
December 19 -
Citigroup's global head of retail banking and mortgages, Jonathan Larsen, who has been known as an advocate of digital banking, resigned for personal reasons, the lender said.
December 19 -
Marvel Ebenhahn is set to retire from Community CU in New Rockford, N.D. in January, having led the credit union since 1952.
December 19 -
Montreal-based Pivotal Payments, which supplies all sizes of businesses with payment processing services, has named Edward Garcia to the new post of chief operating officer.
December 19 -
WEX Inc. will issue Chevron U.S.A.’s fleet cards, including all Chevron and Texaco cards for commercial fleets, beginning in early 2018, the companies have announced.
December 19 -
Banc of California in Irvine and PL Capital have reached an apparent truce, as the bank agreed to consider letting the activist investor group submit two nominees to next year's board election.
December 19 -
Radius Financial Group worked for years to achieve an end-to-end digital closing process, finally doing so this fall. Here's how the Massachusetts lender got it done.
December 19 -
Deutsche Bank may reach a deal as early as Wednesday to settle allegations by the U.S. Department of Justice that it misled investors when selling mortgage-backed securities, Reuters reported, citing a person with knowledge of the matter.
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