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Companies like Prosper have revolutionized the front end of the consumer lending experience, but they have not proven able to handle even minor financial bumps without running off the road.
August 23 -
Howard Bank in Ellicott City, Md., has recruited a trio of BB&T executives to grow its commercial business.
August 22 -
The Windy City is littered with small, privately held banks, some of which are looking to sell. Here is an overview of the challenges and possible solutions faced by those banks and ones like them in clogged banking markets around the country.
August 22 -
With the Office of the Comptroller of the Currency evaluating the possibility of a nationwide charter for certain fintech firms, state regulators are voicing concerns that a charter could cut into their authority.
August 19 -
Previous natural disasters in the Gulf region have taught banks like MidSouth, Regions and Hancock how to swing into action to help customers and manage sudden risks.
August 18 -
Heather Cox is moving to USAA; female regulators are gaining prominence in the online lending conversation; and asset managers are still fighting sexism at work (but then again, who isnt?).
August 18 -
The spike in the Libor rate is a boon for banks that have lots of floating-rate loans tied to the well-known benchmark. Shifts in money market funds are the driver, with the big question being how long the run will last.
August 17 -
Banks have found a novel way to fend off fintechs plans to take them down: they are funding it. A new report shows corporate venture capital investors, such as those backed by banks, made up nearly a third of funding in the second quarter.
August 17 -
LoanDepot, a Foothill Ranch, Calif.-based company that offers mortgages, home equity loans and personal loans, has raised $150 million in term debt financing.
August 17 -
The Ohio company is eager to rev up SBA lending in the Windy City now that it has closed on its purchase of FirstMerit. CEO Steve Steinour also credits his company's willingness to make big upfront community commitments for a seamless approval process.
August 16