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Lenders repeatedly reassured skeptics that their credit risks from the energy slump were under control. But more oil and gas companies are filing for bankruptcy, and more of them are said to be drawing down their credit lines signaling that the worst may be yet to come.
March 2 -
Cordia said in a press release Tuesday that it sold its CordiaGrad platform to its Jack Zoeller, the $348 million-asset company's chief executive.
March 1 -
More than 200 small banks across the country will be able to offer online loans to their small-business customers as part of a new partnership announced Tuesday.
March 1 -
Comerica in Dallas is warning that its loan-loss provision this quarter will be larger than previously estimated because of falling oil prices.
February 29 -
The nation's largest marketplace lender announced changes Friday to its partnership with Utah-based WebBank. The revisions are designed to preserve Lending Club's ability to ignore state interest rate caps.
February 26 -
Regulators focus on having banks and credit unions offer payday loan alternatives to underserved consumers overlooks the success of Web-based companies in filling credit gaps.
February 26MWWPR -
Delinquencies are rising among the sector's less creditworthy borrowers, which is contributing to smaller returns for investors. This sets up the first major test for an industry that blossomed during a period of unusually low defaults.
February 25 -
Preparing for the inevitable future credit crisis by setting aside more loss reserves is a step toward avoiding government bailouts.
February 25 -
Shares in the online small-business lender plunged Tuesday after the firm's 2016 revenue guidance fell short of expectations. New details about the firm's plans to provide its technology to big banks did nothing to stanch the bleeding.
February 23 -
Yes, all the big banks are paring their balance sheets to comply with new rules and axing expenses to please shareholders, but JPMorgan is simultaneously targeting affluent cities for branch and deposit growth.
February 23