-
Clark Street Capital said it developed a service to pair sellers with multiple potential buyers within just two weeks. It's meant to help small lenders close deals fast while still getting the benefits of a bidding process.
January 9
-
The top five banks and thrifts have nearly $96 billion in combined home equity loan portfolios as of September 30, 2023.
January 9
-
The legislation is the latest step in California's effort to crack down on high-cost small-business loans.
January 8
-
The megabank will report a hit to its earnings this Friday from what one analyst called an "accounting nuisance." The charge, which BofA will make up over time, is due to the bank's use of a Bloomberg-developed interest rate index that gained little traction.
January 8
-
The company is poised to report quarterly earnings this week that are expected to reveal revenue growth at seven times the average pace of its peers.
January 8
-
The KBW Bank Index posted a strong gain after a government report showed employers added 216,000 jobs in December. The labor market strength bodes well for lenders' credit quality but may delay highly anticipated interest rate cuts that would lower banks' funding costs.
January 8
-
As the CEO of First Union Bank, Crutchfield struck more than 80 deals, riding the consolidation wave of the 1980s and 1990s. When he retired, First Union was the sixth largest bank in the country.
January 5
-
The appointment of Lynne Biggio Herndon as chief credit officer marks the final step in the Phoenix-based bank's leadership reorganization.
January 5
-
In the news this week: A consumer group filed a complaint against Starbucks over its mobile app and reloadable gift cards, Apple Pay added a new payment tech firm, The Clearing House hired Amanda Stewart as its new marketing chief, and more.
January 5
-
Reading Cooperative Bank and Queensborough National Bank and Trust are among those that see value in being close to fintech startups.
January 5
