Commercial lending

CEO Joseph DePaolo lamented the tough funding environment after the New York bank said deposit costs jumped 90% in the first quarter. Signature was the second bank Wednesday to report a drag on profits from funding costs.

The Minneapolis bank reported mid- to high-single-digit improvement in those categories, but total loan growth was curbed by declines in CRE and other credit types.

TD and several other banks are licensing credit underwriting and fraud prevention technology from the fintech Avant to get their digital-lending products to market faster.

The findings of a new survey suggest that banks risk becoming irrelevant unless they match the speedier processes that are a key selling point for online lenders.

Executives at the Tennessee banks are using the biggest bank merger in a decade to aggressively recruit lenders and clients in Southeastern markets.

The administration’s move seems aimed at cutting down on regulation. But broader reviews by the White House under the Congressional Review Act could hinder rules the industry supports.

The Los Angeles bank reported a 5% decline in net income despite strong loan growth as deposit costs rose and fee income fell.

The Federal Trade Commission accused the online lender of numerous violations in connection with its loan servicing practices. In one example, Avant allegedly informed customers that they could make payments by credit card or debit card but then refused to accept such payments.

The bank’s CFO says it has enough liquidity to meet loan demand in the short term, but how long can it keep its loan-to-deposit ratio below 100%?

Derek White, an alumnus of BBVA and Barclays, will oversee digital innovation across all lines of business at the bank.

The New Jersey company agreed to buy BoeFly, which connects franchisors, small businesses, lenders and loan brokers.

2018 was mixed bag for credit unions in the Wolverine State, with membership and lending still seeing positive numbers but down from previous years.

The San Francisco bank has roughly doubled its assets in the last five years without the benefit of an acquisition.

The Pittsburgh company more than doubled its provision for loan losses during the first quarter to keep pace with growth in its loan portfolio.

The chairwoman of the House Small Business Committee promised to block action on the agency's budget unless it can justify its fee-hike request.

Gail Jansen, who oversees member business lending at Kinecta Federal Credit Union, warned that increasing fees for Small Business Administration loans would hurt borrowers.

The House Financial Services Committee recently approved protections for banks financing cannabis companies in states where it’s legal. This is a good first step, but improvements are needed.

The bipartisan bill, praised by credit union trade groups, is the top 2019 legislative priority for the Defense Credit Union Council.

The online lender's recent completion of a $700 million securitization provided Jonathan Ebinger at BlueRun Ventures an opportunity to reflect on what he has learned about the power of alternative data.

The company warned that the move will likely reduce its first-quarter profit by $8 million.