While industry consolidation remains slow compared with previous years, certain regions are humming along with strong volume and improved pricing. Here’s a look at each region based on June 30 data from KBW and S&P Global Market Intelligence.
The city has spent more than a decade working with nonprofits and banks to encourage people to open deposit accounts. Outreach and special products have lowered the unbanked rate in San Francisco to 2.1% in 2015 from 5.9% in 2011.
Lending and managing money for recording artists and labels can be a profitable niche. But volatile income streams, intellectual property challenges and business model upheaval can trip up the inexperienced.
Auditors performing a review of Ocwen Financial padded time sheets and claimed excessive and improper expenses, including lengthy travel and meals at strip clubs and casinos, according to a lawsuit filed against Fidelity Information Services.
Five Star Bancorp in California is the latest bank to work with a marketplace lender on referrals. The move comes as the SBA programs have record volumes while concerns linger about banks working with third parties.