Retail & Commercial

A report released Tuesday echoes bankers’ arguments that the USPS is ill-equipped to manage the risks.

Big-bank execs downplayed gloomy economic forecasts and said a commercial lending rally, niche M&A and smart tech spending will drive growth in 2019.

Whatever the central bank decides, it is sure to ruffle a lot of feathers in the industry.

The online lender has acquired NextGenVest, which uses AI and text messaging to advise high school and college students about getting loans. CommonBond’s goal is to better understand the distinctly different demographic group rising behind millennials.

Robert Rubino will join the New York company in February as president of CIT Bank and head of commercial banking.

Simone Lagomarsino, former CEO of Heritage Oak Bank, will succeed John Biggs next month.

Attorney General Barbara Underwood’s office is looking into whether merchant cash-advance companies engaged in fraud or abused the state court system.

The agency's semiannual report on risks in the industry focused heavily on the high volume of commercial loans as well as banks' exposure to nonfinancial corporate debt, which is near a record share of GDP.

The company, which helps banks develop high-tech products and services, has agreed to buy Gro Solutions after recently completing its deal for Cloud Lending.

Credit unions have hired executives away from banks for years. Now banks are returning the favor.