A change in the formula that banks use to calculate borrowers’ debt-to-income ratios, announced by Fannie Mae in April, appears to be spurring more lending.
Facing persistently low loan yields, increased competition and higher regulatory costs, many community banks are at risk of becoming irrelevant unless they rethink their business models.
Want a strong team? This is what Mary Navarro said she has learned about creating one in her 42-year banking career. Navarro, who recently retired from Huntington, accepted a Lifetime Achievement award at the Most Powerful Women in Banking gala Thursday night.
Mary Callahan Erdoes, CEO, J.P. Morgan Asset Management and American Banker’s Most Powerful Woman in Finance, shared a funny story about her kids and her boss, Jamie Dimon, at the Most Powerful Women in Banking dinner.
The loan product, which allows consumers retroactively to adjust a payment amount, illustrates how community-based institutions are trying to reach technologically savvy consumers.
Executives from across the industry celebrated gender diversity Thursday evening at American Banker’s Most Powerful Women in Banking and Finance dinner in New York.
The company, which is still recovering from two recent hurricanes, said it will voluntary comply with several key restrictions that were in the 2010 written agreement.
