BankThink

Black-owned banks band together to finance pro sports facility

12/10/20

Their $35 million refinancing of the Atlanta Hawks’s training complex is being touted as the first time that a professional sports team has secured a loan underwritten exclusively by Black banks.

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How technology can help contain COVID-19 in the workplace

12/10/20

Credit unions that hope to fully reopen their facilities need to have a plan in place to ensure employees are being careful and not spreading the coronavirus.

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F.N.B. in Pennsylvania to close 21 branches

12/10/20

The Pittsburgh company also sold a portfolio of indirect auto loans and repaid a large amount of Federal Home Loan Bank borrowings.

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A challenger bank entices immigrants with high yields and 5% cash back

12/10/20

To get the word out to the Indian and Asian immigrants it's targeting, OnJuno is using social media influencers that include a well-known Japanese-American chess player and running ads during streamed cricket matches.

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CFPB finalizes overhaul of mortgage underwriting rules

12/10/20

The consumer bureau's revamp of criteria for "qualified mortgages," a special regulatory class of loans free from liability, emphasizes pricing instead of a borrower's debt-to-income ratio.

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Rebounding oil prices give new hope to energy lenders

12/10/20

The emergence of vaccines has boosted travel forecasts — and crude prices. The expected bump at the pump could help oil and gas companies get back on track with loan payments.

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Maine Savings launches two-year succession plan

12/10/20

The process will see the state's largest credit union split its president and CEO roles until longtime chief executive John Reed retires in January 2023.

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Yellen’s crackdown on leveraged loan excess will have to wait

12/10/20

Time and again, Janet Yellen has warned Wall Street is piling a dangerous amount of debt onto the balance sheets of risky U.S. businesses. But as she prepares to take over as Treasury secretary, she may find it difficult to do anything quickly to rein in these markets, experts say.

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Bank of America upgrades improve international payment transparency

12/10/20

Bank of America has launched a cross-border payment tracker though its Swift GPI module that allows clients real-time visibility into their international payments.

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Ag lenders fear reduced government aid for farmers in 2021

12/10/20

The Biden administration could curtail federal support for farmers, even with bankruptcies and requests for loan workouts on the rise. Banks are hoping that increases in crop prices and exports to China could help avert a credit crisis.

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