Retail & Commercial

The pandemic-era freeze on student debt payments has "dramatically" improved credit scores for Americans who borrowed money to pay for college, the Federal Reserve Bank of New York said.

Chairman and CEO Craig Dwight is counting on the Indiana company's new president, Thomas Prame, to pursue nonbank acquisition targets after it scooped up more than a dozen banks in the past decade.

Websites such as Credit Karma and LendingTree, which work closely with financial institutions, have had to rethink their strategies to bounce back from the pandemic.

Funding constraints are a "business problem that we need to address," CEO Dave Girouard said. The online consumer lender has seen a significant drop in demand for its loans from banks and investors.

The Chicago-based company, which is the league's exclusive credit card sponsor, sees soccer's young, diverse fan base as a fit for its below-prime products.

Morgan Stanley tapped its treasurer to help run its banking units, where it's been building out its lending business over the last decade.

Data as of Mar. 31, 2022. Dollars in thousands.

Data as of Mar. 31, 2022. Dollars in thousands.

Data as of Mar. 31, 2022. Dollars in thousands.

The serial acquirer agreed to pay $488.6 million for Professional Bank, which operates in areas of South Florida that have seen an influx of business activity since the start of the pandemic.