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The Mississippi company said it has recorded most of the expected charge-offs tied to the last severe decline in oil prices.
July 18 -
Declines in corporate banking and energy loans were part of the reason loan growth was light, but the Dallas bank reported strong earnings thanks heavily to fatter margins.
July 17 -
New service provides credit scores to members via mobile, home banking.
July 13 -
Senators at a hearing Thursday discussed a bill establishing an online portal for consumers to monitor their credit reports free of cost.
July 12 -
Good times end eventually. And it is inevitable that some new approach to banking will cause financial institutions to fall flat in a downturn.
July 11American Banker Magazine -
Provident Financial said it increased its allowance against a commercial loan after discovering that the borrower overstated the value of its collateral.
July 6 -
Virginia National will set aside up to $950,000 to cover losses after ReliaMax, a firm that issues surety bonds for student loans, was placed into liquidation.
July 5 -
Turnover of chief risk officers is on the rise as CEOs look to add executives whose experience goes far beyond assessing credit risk. Sometimes they are promoting from within, but often they are poaching talent from rival banks.
July 2 -
The legislation, authored by Rep. Keith Ellison, D-Minn., is aimed at helping lower-income consumers build their credit histories.
June 25 -
The two Wall Street firms anxiously await the second round of stress test results; Commerzbank is working on using technology to generate basic research notes.
June 25 -
Most lenders are staying the credit bureau course in underwriting but some are mulling changes, particularly when it comes to marketing.
June 13 -
The advisory vote came two weeks after Preferred Bank in Los Angeles disclosed a major loan default.
June 5 -
There are so many reasons — the credit cycle, the plight of small banks or competition from Amazon and foreign banks — that the head of JPMorgan could live to regret that statement.
June 1
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Most lenders are staying the credit bureau course in underwriting but some are mulling changes, particularly when it comes to marketing.
June 1 -
Dark clouds may not yet be on the horizon, but industry executives are sending the message to investors that they know a turn in the credit cycle is coming, and they are planning accordingly.
May 31 -
Fulton Financial, Univest Corp. of Pennsylvania and Franklin Financial Services disclosed a total of $75 million in exposure to the commercial relationship.
May 31 -
Amid their recent policy victories and record earnings, big banks have also been forced to grapple with the possibility that commercial lending — the lifeblood for large regionals — may never fully come back.
May 31
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Splitit has recently begun offering point-of-sale financing with monthly installment payments for debit card purchases, targeting more budget-conscious U.S. and European consumers as well as those without credit.
May 31 -
The S&P 500’s financials sector drops more than 3%; former Amex chief’s venture capital firm is backing a credit scoring company.
May 30 -
The New York company on Friday promoted Wahida Plummer, who was previously in charge of regulatory matters, to chief risk officer and expanded the role of its chief credit officer.
May 25















