Retail & Commercial

Fifth Third bought MB Financial in the quarter and benefited from increases in corporate banking revenues and a slight improvement in credit quality.

Instead the online lender will refer commercial prospects to two partner companies as it seeks to focus on its core personal lending business.

Change in strategy to lure new customers; new FHFA director wants to make Fannie, Freddie “stronger, healthier."

Credit unions have measures in place to assist members hit by fraud but many smaller institutions are challenged when it comes to an effective response.

Leaders in bank innovation have ideas for improving financial services with high-speed, highly responsive 5G networks — ideas they say could be implemented relatively quickly.

The Salt Lake City bank saw growth across all lending categories and an improvement in credit quality. It also said it has finished the second of three stages in its multiyear conversion to new core-banking technology.

The acquisition also includes $525 million in deposits and $120 million in loans.

The bank is investing more in its digital capabilities, according to The Cincinnati Enquirer.

Credit union professionals offered insights into how technology is changing the collections process during the recent National Credit Union Collections Alliance conference in Las Vegas.

The settlement comes as Navy makes history by becoming the world’s first credit union to exceed $100 billion in assets.