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The parent company of Silicon Valley Bank, which has been mired in deposit challenges, expects little near-term change in the deployment of venture capital dollars, which executives say will keep putting pressure on SVB's balance sheet.
January 20
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More consumers are struggling to pay their auto loans from Detroit-based Ally, but CEO Jeffrey Brown says executives "feel very good" about their preparations for a downturn. Investors appeared to like his message as its stock jumped 19%.
January 20
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Most borrowers cannot understand the information that TILA requires lenders to provide, raising questions about their utility in consumer protection.
January 20
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The top five community banks averaged a return on average equity of 134.96 as of September 30, 2022.
January 20
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The Cincinnati bank expects net interest income growth to cool considerably and fee income to tread water as rate hikes slow and inflation moderates but still continues.
January 19
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Updates will become effective on May 1 and a uniform mortgage-backed securities fee reduction will begin on April 1.
January 19
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CEO Bill Rogers stopped short of confirming or denying speculation that the bank is seeking a buyer for part of the unit.
January 19
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Cleveland-based KeyCorp posts a subdued profit in the wake of a loan loss provision that was more than six times greater than the level of fourth-quarter net charge-offs.
January 19
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The company, which interprets foreign credit bureau data, is opening its first outpost outside of the U.S.
January 19
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The Buffalo, New York, bank expects outstanding loans to grow by as much as 9% in 2023. Deposits, on the other hand, could fall.
January 19
