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Lending Club, which has been rebuilding its executive ranks in the wake of a recent scandal, is hiring Thomas Casey as its chief financial officer.
September 12 -
While troubling factors such as higher risk profiles may be behind the recent lending boom, the industry could also just be returning to the historical average for loan growth following the "Great Panic" of 2008-2010.
September 12
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Marketplace lenders that have partnered with banks face more scrutiny after a federal judge in California handed a legal victory last week to the Consumer Financial Protection Bureau.
September 9 -
The Financial Accounting Standards Board's accounting rules for credit risk have good intentions, but a likely amplification of the ups and downs of the credit market was probably not one of them.
September 9
Milepost Capital Management -
Orrstown Financial Services in Shippensburg, Pa., has hired three former rivals from Metro Bank in Harrisburg: Adam Metz, Andrew Johnson and Doug Hummer.
September 8 -
Within five years, a dramatic transformation of the mortgage market will force firms to expand product menus beyond mortgages to develop stronger relationships with their customers.
September 8
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The large marketplace lender is turning to everyday savers as it seeks to bounce back from a damaging scandal.
September 8 -
Live Oak Bancshares in Wilmington, N.C., has formed a renewable energy lending division.
September 7 -
Despite their slowdown in growth, marketplace lenders are still in good position to gain from the digitization of the financial services industry.
September 7
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Laura Oberst will take over as Wells Fargo's head of business banking at yearend.
September 2 -
Plenty of banks have ended their federal loss-share deals early, but despite the incentives to wind them down, plenty more still have these crisis-era arrangements in place. It may be due to varying deadlines, mistakes calculating loan values or worries that they still might need the coverage for home equity lines.
August 31 -
Marlin Business Services in Mt. Laurel, N.J., has partnered with electronics manufacturer JVCKenwood USA to provide financing plans for its customers.
August 30 -
Nat Hoopes, executive director of a trade group that represents the chief executives of Wall Street banks, is making the jump to fintech.
August 25 -
Lending Club hired a pair of Wall Street executives to strengthen relationships with investors after many pulled back from buying the loans it arranges online during a tumultuous second quarter.
August 24 -
LendingClub wasnt alone in its suffering during the second quarter.
August 24 -
Months after advocating for a blockbuster sale of Comerica, Hudson Executive Capital has slashed its stake in the company, as chatter about a potential deal has fizzled. Still, the firm is credited with pushing the struggling regional bank to adopt a surprisingly aggressive turnaround plan.
August 24 -
Medallion Financial, trying to diversify beyond its traditional business of financing taxi drivers, plans to issue loans on behalf of web-based lenders. But that new strategy faces some potential pitfalls.
August 24 -
The Bancorp in Wilmington, Del., has sold a loan portfolio as part of its effort to reduce the size of its discontinued commercial loan book.
August 24 - Delaware
Several lenders are attempting to recover a combined total of nearly $500 million from the estate of the deceased chief executive of an Oklahoma energy company.
August 24 - Georgia
The latest lending figures show just how prodigious banks' shift from construction to C&I loans has been since the crisis. Yet a hard look at C&I credits, especially their loss rates, raises questions about whether they are safer.
August 23






