Retail & Commercial

Home loan originations rose by double digits in the third quarter while auto loan originations approached an all-time high, according to new household credit data from the New York Fed.

Such credits, which reflect borrowers with financial challenges, increased significantly during the third quarter.

Sen. John Kennedy, R-La., has proposed a bill to bar companies such as Rakuten from using industrial loan companies to access the banking system.

Google has partnered with Citigroup and a California credit union to offer consumer checking accounts, a person familiar with the matter said.

The issue, tied to how the company reconciles corporate accounts to its general ledger, is not expected to impact past financial statements.

Tech giant takes will work with Citi; the bank reportedly asked IT providers to return some of the money it paid them in 2018.

So far farm loans are holding up well, but bankers gathered at an industry conference this week said they are growing increasingly concerned that credit quality will weaken if the U.S. and China don’t reach a deal soon.

The Louisiana company's willingness to combine with First Horizon without a big initial payday is fueling talk that other banks could be keen on selling at relatively inexpensive prices.

A group has filed paperwork with the FDIC to form Legacy Bank in Temecula.

The Pennsylvania company gained $67 million in assets under management as part of the acquisition.