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Goldman Sachs' newly launched consumer lending website is aimed at some of the very same customers that big banks and marketplace lenders covet, yet there are plenty of questions about its business plan, its ability to manage credit risk and the prospects of online lenders in general.
October 13 -
West Town Bancorp in Illinois has revved up its government-backed lending to small businesses, making it a good example of how community banks can outhustle big lenders in the quest for new sources of fee income.
October 13 -
It's official: Goldman Sachs, the Wall Street investment banking titan, now offers consumer loans.
October 13 -
Regions Financial in Birmingham, Ala., has introduced an online consumer lending product that it uses technology developed by Avant.
October 11 -
Thomas Depping, who quit banking out of frustration with regulators five years ago, says Warburg Pincus' deep pockets will help him make Ascentium Capital a household name among small-business borrowers.
October 7 -
It's been a tough year for farmers, and lenders are looking for ways to help those borrowers offset sagging income.
October 7 -
Earnings season is set to begin with a bang Oct. 14 when four of the six largest banking companies report. The next few weeks will likely bring a steady stream of lackluster commercial lending results, good news on energy and mortgage books and (thanks, Wells Fargo) a whole lot of scrutiny of cross-selling practices.
October 7 -
Umpqua Holdings in Portland, Ore., has formed a corporate lending office and hired Richard Cabrera to oversee it.
October 5 -
For regulators to develop a unified framework for fintech companies to operate in, they first have to come to a consensus.
October 5 -
A new app aims to modernize the automobile financing process by allowing car shoppers to get credit approval on their phones.
October 5