BankThink

OnDeck swings to loss, but loan demand surges

05/08/18

The online business lender would have reported its second straight quarterly profit if not for one-time costs tied to layoffs and lease terminations.

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BMO Harris kicks off annual fintech accelerator program

05/08/18

The program has expanded to seek startups in Chicago and Wisconsin for mentoring and potential partnerships.

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CFPB's payday rule cuts states off at the knees

05/08/18

The agency’s rule restricting short-term loans ignores state discretion and harms needy borrowers, argues Louisiana’s attorney general.

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Credit card use hits all-time high, and debt highest in years

05/08/18

About 175 million Americans now have access to a credit card, and the delinquency rate has gone up along with that, but an expert at TransUnion, which issued the data Tuesday, said the underlying metrics suggest there is no cause for alarm — yet.

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Five Star parent expands wealth management business with upstate N.Y. deal

05/08/18

Financial Institutions agreed to buy HNP Capital, a wealth management firm near Rochester.

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ValuAct’s Citi stake; SEC commissioner leaving

05/08/18

Hedge fund apparently likes the bank’s corporate services business; Michael Piwowar is credited with “jump-starting” the agency’s deregulatory push.

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Jumbo loans at heart of mortgage expansion for Customers Bancorp

05/08/18

Lorie Shannon, recruited from SunTrust, will oversee a strategy that features large, non-QM mortgages in key markets.

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N.Y. Attorney General Schneiderman resigns after abuse accusations

05/08/18

New York Attorney General Eric Schneiderman said he will step down as the state's highest law enforcement official, hours after a report in which four women accused him of physical violence.

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Dollar Bank focuses on raises in passing tax savings to workers

05/07/18

The Pittsburgh bank opted to give more than half of its employees $2,000 pay hikes instead of the bonuses handed out by many rivals.

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Wells turns to JPMorgan executive for chief risk officer

05/07/18

Amanda Norton will lead the charge to improve risk management at Wells Fargo after its phony-accounts and other scandals.

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