Retail & Commercial

Minorities are more likely to turn to a financial technology firm than a bank when seeking a business loan, but they may pay higher interest rates, according to the preliminary results of a congressional investigation released Monday.

Howard Bancorp CEO Mary Ann Scully was so keen on buying 1st Mariner that she met with a representative of one of the Baltimore company's three largest shareholders before meeting with management, and she kept talking with them. It worked.

While fintech companies have helped change our understanding of what is possible in financial services, disruptors have largely ignored an important user base.

Along with increased efficiencies, one branch has seen membership nearly quadruple in less than a year.

Best Practices Awards offer a wealth of field-tested ideas to improve your credit union.

The bank that can effectively enable a corporate customer to manage its working capital and order-to-pay cycle, pay its employees, and provide analytics and insights to forecast cash flow will win the lion’s share of profits, writes Jessica Cheney, vice president of strategic solutions for Bottomline Technologies.

The Tennessee company reported 6% growth in loans, which included strong C&I and CRE grains. However, revenue shrank thanks partly to a steep falloff in fixed-income fees.

With issuance of marketplace securitizations now exploding — rising 300% cumulatively in the past two years — the idea of online lending as a niche is quickly deteriorating.

Efforts to make it easier for small businesses to apply for SBA loans, coupled with key community banks' outreach initiatives, contributed to the third consecutive record for 7(a) lending, but credit union participation is still lagging.

The embattled company has begun offering cash bonuses to certain customers who open accounts, but at least for now pricey deposit rates would not ensure that customers stick around, executives said Friday.