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The online platform lender Kabbage is making the move beyond just providing working capital loans to small businesses, putting it in direct competition with alternative acquirers and payment companies.
October 24
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Midsize players like BankUnited, BOK and Fulton Financial plan to rely on selective M&A, catering to niches overlooked by big banks, aggressive recruitment of commercial lenders and other strategies to stimulate revenue growth.
October 23 -
Executives say they are passing on more loans as bank and nonbank competitors cut rates and forgo traditional safeguards.
October 23
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The company says the upgrade will support future digital investments. It also said Tuesday that third-quarter profits climbed 8% but reported a sharp increase in criticized business loans.
October 22
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Amid concern that an economic downturn is approaching, Greg Carmichael said that banks need to focus on credit quality and not worry about expanding their balance sheets.
October 22
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The Columbus, Ga., company had been counting on increased volume to offset a squeeze in net interest margins.
October 22
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Declining interest rates took a toll on its profit margin, but the Salt Lake City company still beat earnings expectations in the third quarter.
October 21
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At TCF National Bank in Detroit and First National Bank of Omaha, early results from artificial intelligence pilot programs are strong.
October 21
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On Jun. 30, 2019. Dollars in thousands.
October 21 -
Customers of the New Jersey bank will be able to complete applications in minutes and receive funding in as little as one business day.
October 20
