BankThink

Managing excess liquidity getting tougher for banks

01/29/21

Comerica, Citizens Financial and other companies are buying up securities, paying off high-cost borrowing and trying to develop specialty lending niches. But loan growth remains weak, and the likelihood of extreme volatility in deposits makes it hard to plan ahead.

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Synchrony forecasts higher loan volumes, weaker credit in second half

01/29/21

Like other card issuers, the Stamford, Conn., company expects current trends — soft loan demand but strong credit quality — to reverse later this year as the economy emerges from the pandemic-induced recession.

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Tackling screen scraping, Truist’s $1.8B upgrade, Regions’ deposit glut: Top stories of the week

01/29/21

BofA, Chase and Wells Fargo are among the big banks piloting a service to rein in screen scraping; Truist spending $1.8 billion on tech, customer service upgrades; soaring deposits have tied Regions’ hands; and more from this week’s most-read stories.

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Rural U.S. states get larger share of PPP loans in latest round

01/29/21

A rule change that allows farms with just one employee tap the Paycheck Protection Program means more pandemic relief funds are flowing into such states as Nebraska, Oklahoma, Wyoming and North Dakota.

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Budgeting app Charlie pivots to help users reduce debt

01/29/21

Initially created as a budgeting app, Charlie has added new features that help users visualize their debt and then chip away at balances. Eventually, it hopes to add more banklike products.

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Coronavirus pandemic led Old National to rethink credit reviews

01/29/21

The Indiana company, which had relied on internal processes that focused on large loans, has bought a suite of software tools to begin looking at relationships based on underlying risk.

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Theft charges earn lifetime ban for two former credit union employees

01/29/21

The credit union regulator's first prohibitions of 2021 relate to misuse of member funds at institutions in Alaska and Florida.

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Visa puts out a call for crypto partners

01/29/21

The company wants to join in on the rush to develop stablecoins and central bank digital currencies, in part to show that it can still be a player in cutting-edge technologies after its merger deal with Plaid fell through.

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Biden's broadband plan will help banks reach new markets

01/29/21

The administration’s initiative to offer universal high-speed internet service is a chance for bankers to provide underserved households with access to online financial education and low-cost digital accounts.

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Cornerstone Financial promotes veteran employee to president

01/29/21

Donna Young, who has spent more than three decades at the Nashville-based credit union, succeeds Joe Spivey, who retired earlier this year.

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