Banking

Despite shareholder worries, UBS Chairman Kelleher expresses confidence in navigating the challenges of integrating Credit Suisse at the at the company's annual general meeting of shareholders in Basel, Switzerland.

Rising vacancy levels, soaring interest rates and weaknesses exposed by recent bank failures have analysts and investors worried about banks' outsized exposure to high-rise office, apartment and retail properties.

Despite numerous changes to the Consumer Financial Protection Bureau's final rule on Section 1071 of the Dodd-Frank Act, lenders worry that expenses associated with reporting small-business lending data will cause smaller institutions to end their underwriting programs.

A pending Supreme Court ruling on the Consumer Financial Protection Bureau's funding structure could create dangerous regulatory uncertainty. Congress should act first.

The top five banks and thrifts have an average adjusted nonperforming loan ratio of 10.55 as of September 30, 2022.

On the anniversary of the Center for Disease Control's mask guidance, banks and credit unions are striking a balance between health and branch security.

Mark Rabinowitz, the credit union's chief administrative officer, took over as chief executive on April 1, replacing Matthew Herbert.

The top five banks and thrifts have combined deposits of more than $7.5 trillion as of December 31, 2022.

The Spanish banking giant is doubling down on its U.S. operations, unlike other foreign-owned banks that have abandoned efforts to reach American consumers. It's doing so partly by better integrating its large auto lending business with its retail bank.

Looking past the recent U.S. banking turmoil, Sumitomo Mitsui Financial Group aims to accelerate its North American expansion plans.

Stripping out the 25 largest banks by U.S. assets, Federal Reserve data showed the industry gained back $5.8 billion of deposits.

Bank regulators have historically neglected the needs of Black communities. Channeling funds to the banks that serve them would repair some of the damage.

Two years ago, the parent company of Silicon Valley Bank promised $11.2 billion in community development support. Activists want First Citizens, which acquired much of the failed bank, to fulfill the commitment.

The Pacific Northwest bank said Robert Butterfield would replace veteran finance chief Peter Conner, who plans to retire this year.

A case of mistaken identity is sparking a sell-off in Republic First Bancorp Inc., which is down more than 40% this month because investors have it confused with embattled First Republic Bank.

Peapack-Gladstone Financial CEO Doug Kennedy is betting that giving his workforce the same hospitality training hotel employees receive will lead to better customer service and a healthier bottom line.

In March's roundup of American Banker's favorite stories: How rising interest rates took community banks by surprise, small banks and credit unions react to the collapse of Silicon Valley Bank, ex-Wells Fargo executive Carrie Tolstedt faces potential jail time and more.

Since 2011, and in ever-growing volume, credit unions have been buying community banks. Some see it as the free market at work while bankers say this is another example of credit unions' unfair advantage.

The regulation — mandated more than a decade ago to combat discrimination — will make lenders provide data on approvals and denials of small-business loan applications, the cost of credit and demographics of borrowers.