Financial institutions

Banks undergoing annual Federal Reserve assessments should feel emboldened to challenge "matters requiring attention," and the Fed should hear them out.

Los Angeles-based marketplace lender AssetAvenue has named a new chief executive.

The Federal Reserve Board issued a proposal Friday to require the largest and most systemically risky banks to issue additional capital and unsecured debt to absorb losses in a failure, a move that experts say could ultimately make the banks less complex and easier to resolve in a crisis.

Now the question is: will online portals become a significant source of financing for U.S. small businesses, or will red tape get in the way?

Lending Club rebounded to profitability in the third quarter as revenue growth at the nation's largest marketplace lender outpaced an increase in operating expenses.

Antonio Weiss, a counselor to Treasury Secretary Jack Lew, called Thursday for greater transparency in the pricing of online small-business loans.

Santander Consumer USA Holdings plans to exit personal lending and focus primarily on its auto-finance business.

New York Community Bancorp has agreed to buy Astoria Financial for about $2 billion in cash and stock, combining two of the largest New York-area banks to create an institution with about $64 billion in total assets.

Republican presidential candidates managed to get in several barbs over banking policy during the party's primary debate on Wednesday night, largely aimed at the Federal Reserve and government more broadly.

Citigroup isn't the poster-child for "too big to fail" anymore, Chief Executive Michael Corbat claimed Wednesday, arguing the bank had scaled back and learned from its mistakes leading up to the financial crisis.

A major investor in insurance giant American International Group is calling on the company to break itself up into three companies to get out from under its designation as one of only four systemically risky nonbanks.

The Democratic candidate insists “too-big-to-fail” banks are bigger than they were during the crisis, but their true sizes are masked by off-balance sheet reporting.

The ease of comparing rates online will make it hard for industry pioneers like Lending Club and OnDeck to keep generating high-margin loans, some observers believe.

Legislation would require GAO to study the impact the FHFA membership rule would have on the FHLB System and its members.

The Federal Reserve Board will hold a public meeting Oct. 30 to discuss a proposal that would require the largest and most systemically risky banks to hold capital and unsecured debt to protect taxpayers from issuing bailouts if they should become distressed.

The Federal Deposit Insurance Corp. is set to vote Thursday morning on a proposal that would force big banks to bear the assessment burden of growing the agency's federal reserves to a new minimum.

The industry will undoubtedly get bad press in an election cycle, but here is what institutions should do and not do about it.

Skills Fund, which has raised $11.5 million in seed capital, is one of several lenders targeting students hoping to boost their salaries by quickly learning how to write computer code.

OnDeck Capital, Lending Club, Funding Circle and Kabbage in the last week have all announced moves designed to boost their loan volumes.

Profits fell at New York Community Bancorp in Westbury, N.Y., as it continued to manage its balance sheet to stay below a key regulatory threshold.