BankThink

Funding Circle cuts revenue projection amid sharp decline in U.S. lending

07/02/19

Shares in the U.K.-based small-business lender fell 29% Tuesday after it sought to recalibrate expectations about its growth trajectory. So far, the company has pulled back lending more in the U.S. than in its other markets.

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Eagle in Md. adds former Wells executive to board

07/02/19

Theresa LaPlaca, one of four new directors at the company, ran an office Wells formed to address issues tied to its sales and reporting practices.

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A 'turtle bank' plays catch-up in small-business lending

07/02/19

Breaking from its playbook as a conservative lender, Provident Financial in New Jersey is working with a fintech to offer unsecured loans online.

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Will Congress stop Facebook's Libra?

07/02/19

The rush to hold hearings in both the House and the Senate reflects broad skepticism across the political spectrum about the social network's plan to develop an alternative payment system.

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ACNB agrees to buy Frederick County Bancorp in Maryland

07/02/19

The $60 million acquisition will allow ACNB, which is based in Pennsylvania, to enter a new market.

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Grant Bancshares is Texas-bound after agreeing to buy First Bank

07/02/19

The deal comes less than a week after the Louisiana company raised nearly $11 million.

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BayCom to enter Denver with TIG Bancorp acquisition

07/02/19

The California company will pay $39.4 million for the parent of First State Bank of Colorado.

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Dear Congress: Don’t toss CECL out, work with FASB to amend it

07/02/19

With some adjustments, the loan-loss accounting standard can be more secure and workable for banks.

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Square sued over privacy issues; Banks eye Australia market

07/02/19

A California man says the company sent his medical information to a friend of his; the Big Four's monopoly may be coming to an end as Citi and others move in.

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Is facial recognition safe for financial institutions to use?

07/02/19

The technology has become controversial for its potential for bias. Notre Dame professor Kevin Bowyer explains what his studies of this issue have found.

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