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The credit bureaus plan to add repayment data for installment loans, a move that can inform credit decisions and help answer regulators' questions about how such borrowing affects consumers' financial health.
January 5
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The last three months of 2021 were strong for most lenders, which will report results soon. But the outlook for the coming months has been clouded by the spread of the newest coronavirus variant, which has many banks grappling with staffing shortages and branch restrictions.
January 5
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Bank of America hired Benjamin Saunders from JPMorgan Chase for its financial institutions investment banking business.
January 4 -
On Sep. 30, 2021. Dollars in thousands.
January 4 -
On Sep. 30, 2021. Dollars in thousands.
January 4 -
David Ratliff will lead all corporate and institutional client coverage teams in the Asia Pacific region, including corporate banking, financial institutions, and the global institutional client group, according to an internal memo.
January 4
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Banks and credit unions need to do more for (and assume less about) customers who are over 50, says Theo Lau, founder of the advisory firm Unconventional Ventures.
January 4
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The Secured Overnight Financing Rate has benefited — amid the phaseout of Libor — from positive comments by regulators. Is a multirate environment, which some banks would prefer, still possible?
January 3
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Hafize Gaye Erkan stepped down just weeks after the bank's founder, chairman and co-chief executive, James Herbert, announced a medical leave of absence. The San Francisco company named an interim CEO and said it will conduct a search for Herbert’s successor.
January 3
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The new business line is part of a broader expansion plan the Pennsylvania bank announced in 2021.
January 3
