Banking

Second-quarter data for credit quality defied conventional wisdom, but experts said that these numbers are being artificially helped right now and the worst is yet to come.

The industry is warning regulators putting the finishing touches on the Net Stable Funding Ratio that the measure could exacerbate volatile market events like the spring selloff of Treasury securities.

The flood of liquidity that accompanied the pandemic recession isn’t likely to subside anytime soon. Banks will have to employ a mix of securities buying, hedging and other balance-sheet-management tricks to prop up margins longer than initially imagined.

Low rates and intense competition might lead some banks to ease underwriting standards in 2021, when the economy may not yet have recovered.

Credit union groups continue to make ad buys for industry-supported candidates in advance of Nov. 3, but recent positive economic news could be short-lived.

The Georgia company will add nearly $200 million in assets as part of the acquisition.

Climate First Bank, which would be led by veteran banker Ken LaRoe, would offer loans to help individuals and organizations make environmentally sound decisions.

Race “was an ever-present factor throughout” Tidjane Thiam’s tenure and may have led to his ouster, New York Times says; the unit offers reloadable debit cards to Walmart, 7-Eleven and others.

Kathy Kraninger’s job status would be in question if Joe Biden wins the White House. If the president is reelected, she may continue balancing a deregulatory agenda with her unexpectedly tough stance on enforcement.

House forgiveness plan for Paycheck Protection Program loans is better than nothing, bankers say; why some banks still lean on mainframes; what's next for Goldman Sachs's Marcus; and more from this week's most-read stories.

The expansion will give the $416 million-asset institution a deeper reach into southern parts of the state.

Ownership will transfer to DotCoop, which has committed to continuing to develop the domain for industry use.

The lawsuit follows two successful USAA suits against Wells Fargo that claimed infringement of patents.

The company said Todd Brice will retire in March. A search firm will consider internal and external candidates.

The coronavirus outbreak has taught community bankers to think on their feet and experiment. Speakers at an industry conference this week advised their peers to stay innovative to ensure they endure in a changing world.

The bank beat out Barclays to buy the big portfolio from Capital One; banks say they collected $13 billion in fees but spent almost as much setting up and running the small-business program.

With its first branch outside the Northeast U.S., the unit of the Spanish banking giant Banco Santander wants to reach international clients who are familiar with the brand.

Many sectors are concerned about making money in an economic downturn, but those fears are higher in the financial sector, according to a study from Arizent.

The bank contends that the misconduct wasn't widespread, but a whistleblower letter unearthed by the Consumer Financial Protection Bureau points to Chicago as a hotbed of customer abuse. "We are becoming a 'predatory' financial institution," the 2010 letter said.

The former chairman of the National Credit Union Administration will work with the fintech to broaden its reach in the credit union space.