-
Fears of widespread credit losses have largely subsided, but demand for new commercial real estate loans remains lackluster because many companies are sitting on so much cash they don’t need to borrow. Meanwhile, competition from private equity groups and other nonbank lenders is escalating.
June 14
-
Chief operating officer Sam Sidhu takes over as president and chief executive on July 1. He has a list of 25 potential markets the Pennsylvania bank might enter, and has already begun hiring commercial bankers in Texas, Florida and Illinois.
June 11
-
Just as small and midsize businesses had to adapt to survive the coronavirus emergency, lenders need to adopt new underwriting practices and technologies that modernize how they evaluate borrowers' creditworthiness.
June 9
Codat -
On Mar. 31, 2021. Dollars in thousands.
June 7 -
JPMorgan Chase hired executives from Goldman Sachs Group and Wells Fargo to run a new arm focused on growth-equity investing and direct lending, as it seeks to give clients exposure to companies before they go public.
June 7
-
The acting comptroller of the currency, appointed by the Biden administration, signaled that the regulation meant to provide legal clarity about the secondary market is safe for the time being.
June 2
-
In merging with First Midwest Bancorp, the Indiana company would finally gain a presence in the Midwest’s largest city.
June 1
-
On Mar. 31, 2021. Dollars in thousands.
June 1 -
The U.S. unit of Toronto-Dominion Bank plans to invest in CDFIs and specialized funds that serve Black, Hispanic and other diverse business owners in its East Coast territory.
May 28
-
Nearly a quarter of Black business owners seeking Paycheck Protection Program loans last year applied to fintechs — not far behind the percentage that turned to community banks, according to a New York Fed study. Deepening those new relationships could be a major source of growth for online lenders.
May 27
