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Opus Bank in Irvine, Calif., has hired Jeffrey Zaks, a CIT Group banker, to lead its new media and entertainment lending group.
March 29 -
Buyers of certain syndicated corporate loans have had an incentive to drag their feet closing trades; they will soon pay a hefty price if they don't do their part. The reform should help lenders get assets off their books faster.
March 29 - Arkansas
With energy stocks enjoying the biggest rebound since the beginning of the oil rout, short sellers have shifted their sights to regional banks that do business with the industry.
March 29 -
Hancock Holding is warning of more pain in its energy portfolio as low prices continue to hamper oil and gas firms ability to repay their loans.
March 29 -
As online business lenders grow in number, size and prominence, a new trade group is being launched to represent their interests in Washington.
March 29 -
Bay Banks of Virginia in Kilmarnock has increased the size of its fourth-quarter loss, after a commercial borrower pleaded guilty to creating false financial statements.
March 28 -
The subprime consumer lender currently rejects many of its personal loan applicants. It hopes to qualify more borrowers by offering cash to those who are willing to put their cars up as collateral.
March 28 -
A program recently started in New York helps entrepreneurs improve their business plans and cash flow before sending them to a bank. The nonprofit lender behind the program, meanwhile, hopes to boost small-business borrowers' credit scores and lower their rates.
March 28 -
San Francisco Fed President John Williams discusses the potential for new fintech products to make predatory lending easier, whether big banks need to be broken up, and the likelihood of another recession.
March 28 -
Not all energy loans are created equal. For a host of reasons, oilfield services loans are more risky than other types of energy loans, according to Megan Snyder, an analyst with Moody's.
March 24