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LendingClub Corp., a pioneer of online marketplace lending, said it raised rates for borrowers again to reflect a gloomier economic outlook and worse-than-expected performance for some of its riskiest loans.
April 21 -
American Express is determined to minimize the damage from losing profitable Costco cardholders in Canada and the U.S., and is taking steps to keep as many of those customers in the Amex fold as possible.
April 21 - California
A spike in lending helped profits rise 7.5% year over year in the first quarter at East West Bancorp in Pasadena, Calif.
April 21 -
High Point Bank considered bulking up to the size of other community banks in its market but quickly realized that the strategy would involve significant expense, risk and capital. So the company ended up selling to BNC Bancorp.
April 21 -
Federal regulators unveiled a long-awaited proposal Thursday designed to target incentive-based pay arrangements for executives at banks and credit unions, the agencies' second attempt after their initial plan met fierce resistance.
April 21 -
Sen. Ted Cruz has made killing the Consumer Financial Protection Bureau one of his key stances on banking policy during his fight to become the Republican presidential nominee.
April 21 -
KeyCorp in Cleveland reported lower quarterly profit as expenses tied to its pending purchase of First Niagara Financial Group cut into its earnings.
April 21 - Texas
A triple whammy of nonperforming energy loans, higher expenses and a decline in fee income walloped Texas Capital Bancshares' first-quarter profit.
April 21 -
More than a decade after U.S. payment card issuers endured the spectacular failure of contactless cards, some issuers wonder if its time to try again.
April 21 -
There are countless considerations banks face when joining another institution, but blending two distinct organizational philosophies into a healthy culture must be a top priority.
April 21





