Retail & Commercial

To act like a startup — as many banks say they want to do — institutions must employ a nontechnical strategy: build services based on customers say they want.

Wells Fargo continues to sustain damage from consumers who were put off by the company's phony account scandal.

A federal judge heard arguments from ICBA and NCUA on whether to dismiss the banking group's legal challenge to the credit union regulator's changes to the member business lending rule. A decision on the dismissal could come as early as January.

Old Second Bancorp in Aurora, Ill., raised $45 million from a debt sale.

Pacific Metro Bank would cater to Chinese-Americans around Atlanta. The application process is worth watching since the group is seeking the first Georgia charter in seven years and would be based in a market where more than 90 banks have failed since 2007.

Borrowers served by the FHA program, particularly first-time buyers and minorities, have benefited from nonbanks' increase in lending. Those independent lenders should be commended for filling a gap.

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.

Travelers passing through Grand Central Terminal at the height of the evening rush hour Thursday were met with the sound of beating drums and war whoops from several dozen Native Americans protesting the Dakota Access Pipeline. They had traveled all the way from the Dakotas, they said, to bring their case to the Big Apple.

The $14.3 billion-asset company said in a press release Thursday that it will sell about 4.3 million shares of common stock.

Bankers got what they asked for when the Federal Open Market Committee raised the federal funds rate by 25 basis points this week, but some banks could face near-term pain as securities portfolios lose value and certain hedging strategies backfire. Moreover, the rate hike won't have a meaningful impact on net interest margins until loan demand picks up.