BankThink

Astoria deal to turn Sterling into regional power in New York

03/07/17

The New York bank will double in size while gaining greater access to Long Island and low-cost deposits that should come in handy as interest rates rise.

[more]

Loan-mod fraud organizer gets 15 years in prison

03/07/17

David Gotterup of Long Island, N.Y., was sentenced to the prison time and ordered to pay $2.5 million after pleading guilty in June to ripping off distressed homeowners, federal authorities said.

[more]

How fintechs are using AI to transform payday lending

03/07/17

Startups in the payday lending space say their use of artificial intelligence is allowing them to make better loans at lower rates with fewer defaults.

[more]

Six ways Goldman Sachs' online lender, Marcus, strives for an edge

03/07/17

No fees, no automated voice response and lots of direct mail are among the investment bank’s tactics for its consumer fintech venture.

[more]

Canadian banks to announce business growth fund

03/07/17

The public-private effort, aimed at expansion-minded tech and other companies with proven track records, would be backed by the country’s six largest banks, insurance companies and regional lenders.

[more]

First Midwest buys investment adviser in Chicago

03/07/17

Premier Asset Management will add $550 million of assets under management to a platform that First Midwest has historically built with organic growth.

[more]

The Most Influential Women in Payments, 2017

03/07/17

The Most Influential Women in Payments are the ones taking risks with new ideas and investments, and developing the technology that will forever change the way people handle money. Not only do they set an example for their peers, they are unafraid to learn from newcomers and are diligent about encouraging a freshness and diversity of ideas.

[more]

Sterling Bancorp to buy Astoria Financial in N.Y. for $2.2 billion

03/07/17

The agreement comes three months after Astoria and New York Community Bancorp called off plans to merge.

[more]

Bitcoin vs. Ethereum may be a zero-sum game

03/07/17

The two leading contenders vying for the cryptocurrency crown both have serious backing, but the technology is still developing and the endgame is still a ways away.

[more]

Wells names legal chief; London whale targeted

03/07/17

Wells Fargo named Allen Parker, former head of the Cravath law firm, as its new top lawyer; the Federal Reserve may bring charges against JPMorgan trader who lost $6.2 billion.

[more]