Combined (bank and non-bank) business lenders’ confidence stayed slightly positive during the first quarter of 2023, at 50.3 points, yet that was a 5.8-point decline from the last quarter of 2022, according to the Asset-Based Lending Index released...
Read Story
June 27, 2023, 07:10 AM
|
President Joe Biden's planned executive order to promote greater U.S. competition will target bank mergers by pushing the Federal Reserve and the Department of Justice to update merger guidelines and increase scrutiny of deals, Reuters reported...
Read Story
July 09, 2021, 07:25 AM
|
Banks including Wells Fargo & Co., Citigroup Inc., PNC Financial Services Group Inc. and CIT Group Inc. own hundreds of thousands of railcars that carry coal, grain and other commodities through North America. It is an unusual line of business for...
Read Story
December 27, 2019, 07:30 AM
|
Despite widespread economic and business optimism among small business owners, many are feeling underappreciated by their banks. According to the J.D. Power 2018 U.S. Small Business Banking Satisfaction Study, just 37 percent of small business...
Read Story
November 01, 2018, 07:11 AM
|
A bill easing financial regulations for US small to mid-size banks is not likely to be a near-term ratings issue, but over time could have negative credit-profile implications for banks particularly as it relates to capitalization, liquidity, risk...
Read Story
March 26, 2018, 07:00 AM
|
Flushing Financial Corporation, the parent holding company for Flushing Bank, announced that the Bank has hired Michael C. Nedder to lead its newly formed Equipment Financing business unit.John R. Buran, President and Chief Executive Officer stated:...
Read Story
February 07, 2017, 07:15 AM
|
Comptroller of the Currency Thomas J. Curry announced that the Office of the Comptroller of the Currency (OCC) would move forward with considering applications from financial technology (fintech) companies to become special purpose national...
Read Story
December 05, 2016, 07:15 AM
|
Twelve percent of banking CEOs surveyed say they do not have insight into whether their institution’s security has been compromised by a cyber attack in the past two years, according to KPMG, the audit, tax and advisory firm. KPMG’s 2016 Banking...
Read Story
June 06, 2016, 07:28 AM
|
Western Independent Bankers (WIB), a trade association which markets to over 600 community and regional banks, announced that it will partner with Bizfi, a financial technology company that provides a wide range of financing options for small...
Read Story
March 18, 2016, 07:12 AM
|
Bloomberg reported the biggest U.S. banks including JPMorgan Chase & Co. and Citigroup Inc. are lending the smallest portion of their deposits in five years. The reports cites data compiled by Credit Suisse Group AG which shows the average...
Read Story
February 21, 2013, 07:29 AM
|
Bloomberg Businessweek reported the world’s largest banks have presented a list of changes to a proposed U.S. ban on proprietary trading, seeking to escalate the lobbying effort against the Volcker rule five months before it takes effect.According to...
Read Story
February 14, 2012, 07:30 AM
|