The Small Business Credit Availability Act aims to double the debt-to-equity ratio for business development companies. Increased leverage could spur more lending to small and midsize borrowers.
The Dodd-Frank Act included a provision to lock some of the biggest firms into enhanced supervision even if they wanted to exit. But that grasp may not be as strong as it used to be.
During a sit-down interview, Bruce Van Saun, the CEO at Citizens Financial, explained how Washington policy changes could boost lending, why cyber threats keep him up nights and how fintechs and AI are changing the industry for the better.
With millions of Alexa and Google Home devices now in use, first-mover banks are rapidly developing services to let customers control their finances using only their voice — even if there are still many kinks to work out.
American Banker’s award winners for 2017 had moments in their careers where hard knocks taught an indelible lesson, they trusted their gut or they listened to good advice. Here is a takeaway from each of their stories.
Eagle is trying to debunk claims by Aurelius Value that CEO Ronald Paul and other directors are involved in an insider loan scheme. Eagle dismissed the report as an effort by short sellers to manipulate its stock.
Directors at the Federal Reserve Bank of Richmond have chosen Thomas Barkin, a senior executive at global consulting firm McKinsey & Co., as the institution's next president, said a person familiar with the decision.
Brian Johnson joins agency as senior adviser to acting director Mick Mulvaney; CME and Cboe are expected to begin trading bitcoin futures in the next few weeks.
