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The San Francisco company forecast a modest profit in the third quarter because its cost-cutting plans are ahead of schedule. It's also starting a program to sell riskier loans to sophisticated investors.
August 6
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Lenders could struggle to reprice deposits fast enough to offset downward pressure from adjustable-rate loans and refinancing.
August 6
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Melinda McClure and Richard Horn have joined the management team at Old Dominion Bank in northern Virginia after struggling to raise enough capital for their de novo effort.
August 6
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The Upstart Network, the first and only startup to participate in the bureau’s program for promising digital platforms, claims that using nontraditional credit data items has helped loan volume and affordability.
August 6
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The Atlanta fintech, whose shares have plummeted since it went public last year, also said it will stop providing financial guidance to its investors.
August 6
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The Los Angeles unit of Royal Bank of Canada plans to use FilmTrack to handle more complex transactions for major networks, studios and distributors.
August 6
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Krista Morgan, the founder and CEO of P2Binvestor, discusses her firm's bank deals and the tech driving its platform.
August 6
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The company will pay $43 million in cash for a bank with seven branches and $209 million in deposits.
August 5
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With margins under pressure and competition intensifying, a number of community banks are zeroing in on underserved markets.
August 5
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Addressing payment security and achieving interoperability with a rival, private-sector network are just some of the challenges the central bank faces in building a government-backed real-time payment system.
August 5
