Retail & Commercial

The company plans to use some of the offering's $48 million in proceeds to redeem preferred stock.

Strong loan growth at the Miami Lakes, Fla., company more than offset an increased loan-loss provision tied to Hurricane Irma and continued weakness in taxi medallion lending.

A GAO determination has effectively nullified a 2013 leveraged lending guidance. But that leaves the future uncertain about what, if anything, regulators will devise to replace it — and how banks should treat such loans in the meantime.

Text analysis holds the promise of improving lenders’ ability to evaluate which borrowers will repay, but it also carries substantial risks.

Political stalemates have convinced many executives that relief will only come when agency leaderships turn over.

Big banks have raised deposit rates faster than regionals in order to retain depositors; India’s largest payment app wants to expand.

While increasing de novo activity is encouraging, the processes of chartering a bank and applying for deposit insurance are more onerous, lengthy and costly than they need to be.

TCF is looking to diversify its streams of revenue as it dials back auto lending amid concerns about weakening credit quality.

The new tool tracks both serious and general delinquencies down to a county level and features interactive charts and graphs.

David Ritchie, a regional manager for U.S. Bank, will succeed the retiring David Tabor in early November.