Retail & Commercial

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.

Late-payment rates are rising at nonbanks that lend to people with lower credit scores. "We're probably entering a stretch where you're going to see a separation between those that are relatively good underwriters and those that are not," one analyst said.

Thomas Prame is leaving Old National Bancorp, which recently merged with his former employer First Midwest Bancorp, to join a smaller rival with aggressive growth plans.

The Consumer Financial Protection Bureau's review of credit card late fees has ignited pushback from industry that supports an expected 9% jump in fees next year pegged to inflation. 

Consumers should be aware that the FDIC does not protect their money if a fintech goes belly up.

The agency acknowledged that loan performance in the sector has been strong, but cited several reasons to think that might change, including rising interest rates, the effects of inflation and uncertainty about the future of work and commerce.

A warning for investment bankers who enjoyed lavish bonuses for 2021, when banks opened their wallets to reward busy dealmakers amid a war for talent: Don't expect a repeat this year.