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A small, but growing, number of banks reported issues with credit during the third quarter. While most instances seem manageable, some industry observers believe bigger challenges could arise in 2016.
November 4 -
House Financial Services Committee Chairman Jeb Hensarling, R-Texas, is attempting to add 15 different bills to legislation that would secure funding for transportation projects.
November 4 -
Hedge funds that invested in CertusBank have sued its former management team, claiming they misappropriated millions and doomed the bank with wasteful spending. Certus closed shop last week after losing nearly $200 million of its $500 million in startup capital in less than four years.
November 4 -
The Treasury Department is still struggling to understand whether some businesses are losing access to the banking system because of heightened enforcement of anti-money laundering requirements and concerns about high risk activities, a top official said Wednesday.
November 4 -
First Banks in Clayton, Mo., has announced that Chairman James Dierberg's son will succeed him, marking the fourth generation of the Dierberg family to lead the company.
November 4 -
A rail network in London plans to distribute free payment wristbands to passengers to lower costs and reduce paper-based ticketing on one of the few sections of the city's commuter network that has not adopted contactless payments.
November 4 -
Nationstar will provide servicing-released option for fledging Chicago's MPF Government MPF program.
November 4 -
Deutsche Bank agreed to pay $258 million to the Federal Reserve and New Yorks Department of Financial Services, and to fire six employees, to resolve a probe into sanctions violations from 1999 to 2006 for allegedly handling transactions linked to Iran, Libya, Syria, Burma and Sudan.
November 4 -
Luther Burbank Savings, in Santa Rosa, Calif., has established three home loan programs aimed at helping low- and moderate-income borrowers afford to buy homes in nine California counties.
November 4 -
F&M Bancshares in Trezevant, Tenn., has agreed to buy Medina Banking in Medina, Tenn. The $308 million-asset F&M Bancshares said in a press release that it expects the transaction to close early next year.
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