Economy

The Fed’s quarterly Senior Loan Officer Opinion Survey found that demand decreased for both commercial and industrial and commercial real estate loans.

The South Pacific island's leaders have a creative solution to fix their cash-based economy that hasn't been done in the U.S. in nearly a century. But will regulators approve?

Year to date through March 31, 2017. Dollars in thousands

Full-time equivalent, as of March 31, 2017. Dollars in thousands

Year to date through March 31, 2017. Dollars in thousands

Regardless of whether Congress could act, proponents don’t seem to fully appreciate the potential unintended consequences of a future without Fannie Mae and Freddie Mac.

Startups and open-source software projects have raised $1.3 billion this year through initial coin offerings. The real boom may still lie ahead, fears of a bubble notwithstanding.

New entrants don’t pose a disruptive threat to the incumbent cohort of issuers, credit card networks and acquirers primarily because the incumbents — Visa, Mastercard and First Data — are prepared to compete in all segments of the market.

Readers react to the CFPB’s final arbitration rule, a new potential hurdle for initial coin offerings, a housing finance reform proposal and more.

Valley National's latest acquisition would make it a much bigger player in Florida and provide a platform to write more auto loans. Both markets present attractive returns but high risks.

Up to now, the most successful fintech firms have tried to fill gaps in underserved market, not replace banks. But a new crop of U.K. startups seeking bank charters is turning up the heat.

Advancements aimed at speeding the flow of information by eliminating manual processing are helping the global custody bank attract new clients and win more business from existing ones, fueling revenue growth and improving efficiency.

It is only a matter of time before bankers and policymakers realize that the concept keeping banks and non-financial entities apart no longer has any underlying support.

Profits at the Puerto Rico-based company rose in the second quarter, lifted in part by commercial loan growth in its U.S. operations. Popular executives said they have sold off the company’s remaining direct exposure to the island’s central government.

He is, by Wall Street standards, a small-time banker. But in 2014, with Donald Trump eyeing a run at the White House, Stephen Calk stepped into the big-money world of New York real estate — and a network of Trump associates.

The Westbury, N.Y., company reported a 15% drop in earnings despite recording a large gain on the sale of some securities.

The Louisiana company, which recorded a large loan-loss provision to cover energy-related chargeoffs, also disclosed a new regulatory order from the Office of the Comptroller of the Currency.

As real estate loans continue to be a key product, CUs are investing in personnel focused on these offerings.

Just as pre-crisis success was illusory, so too might be expectations that banks could ever regain that type of profit growth again.

Citi is holding its first investor day since the financial crisis, plugging credit cards and its Mexican business; Morgan Stanley's market cap tops Goldman's for the first time.