Banking

Bank loans to private equity, mortgage companies as well as other lightly regulated — and increasingly volatile — industries have soared in recent years. The central bank says it needs to know how leveraged those borrowers are and how much risk they pose to the banking system.

Average deposits at the Northern California bank are expected to decline again in the fourth quarter as startups' spending outpaces the venture capital investments they raise. CEO Greg Becker acknowledged the near-term headwinds but said the bank's fundamentals remain solid.

The Dallas company says it could repurchase as much as 8% of its common stock and still have the wherewithal to pursue an acquisition — all in an effort to strengthen its value in the eyes of investors.

Under Donna Bland's leadership, Golden 1 Credit Union has grown to more than 1 million members and is now the sixth-largest credit union in the U.S. by assets.

Renée Sattiewhite has played a key role in the African American Credit Union Coalition for more than 20 years. "For me, if credit unions do not embrace DEI, they will die," she said.

The Pacific Northwest bank has agreed to divest 10 branches as a condition of the Department of Justice's green light of its merger with Umpqua Holdings. The deal still needs the blessing of the Federal Deposit Insurance Corp.

The acquisition, which was originally expected to close at the end of last year, ultimately took more than 18 months to receive regulatory approval. It is now expected to close on Dec. 1.

In its inaugural Most Powerful Women in Credit Unions listing, American Banker is proud to share the stories of 25 of the women leading the credit union industry through times of rapid and unprecedented change.

Winona Nava, who is retiring next year, took over Guadalupe Credit Union in 1991 when it had dwindled to just above $10 million of assets. Nava's immigrant-friendly policies led some staffers to resign in protest, but that didn't discourage her. "Everyone deserves to be treated with respect and dignity," she said.

The president is responding to critics who say many of Democrats' key policies do not address core expenses for Americans.

The regulator's demand in confidential talks to settle a series of investigations into mistreatment of customers, described by people with direct knowledge of the matter, reflects its escalating frustration with the bank, which has been punished multiple times by authorities over the past six years for a variety of abuses.

The North Carolina bank has made 11 insurance-related acquisitions in the last three years, and a top executive forecasts more buying chances as brokerage consolidation continues.

The state's largest banks posted solid third-quarter loan growth and earnings. But Hawaii's tourism-heavy economy is vulnerable to lofty inflation and the threat of a downturn.

Credit Suisse Group is planning a fresh round of job cuts at the global wealth management business starting next week, adding to dismissals that already started at the investment bank, according to people familiar with the matter.

Open data could be a game changer for small and medium-sized businesses. We need a regulatory structure that recognizes this.

The regional bank's play for a piece of the wealth management pie, under wraps for more than a year, has a unique twist.

The interest paid on consumer deposits has barely risen despite the Federal Reserve's aggressive rate hikes, writes Sen. Jack Reed, D-R.I., in letters to seven of the largest U.S. banks including JPMorgan Chase and Wells Fargo.