Retail & Commercial

Financial institutions should begin to treat data not just as a means to implementing a business model, but as an integral and valuable part of the business model.

With their big-picture view across multiple portfolios, some CUSOs are reporting an increased appetite for business loans and participations.

Noah Breslow, who drew opposition from a hedge fund that wants the online small-business lender to pursue a new course, won 84% of the vote Tuesday.

Citi says David Madaras sent a profane message that confirmed the name of a confidential client, but he says the messages were read out of order and misunderstood.

The U.S. Chamber of Commerce and Union Bank urged the Consumer Financial Protection Bureau on Wednesday to narrow its approach to collecting data on small-business lending, fearing it could add costs and compliance burdens.

Stonegate Bank in Florida figured its balance sheet was too small and undiversified to stay independent. But it was choosy in approaching potential buyers and aggressively scrutinized the lead bidder’s loan book.

Banks have warmed up to digital wealth management tools but will need to use their human advisers, too, to beat fintechs.

Regions Financial is taking steps across its 1,500-branch network to embrace consumers with autism and train its staff to help them. Business development, not just compassion, is part of the motivation.

American banks’ slow adoption of application programming interfaces is one reason the world’s largest economy has stumbled in advancing digital banking.

The 2015 written agreement had required Four Oaks to improve corporate governance.