The coronavirus outbreak has taught community bankers to think on their feet and experiment. Speakers at an industry conference this week advised their peers to stay innovative to ensure they endure in a changing world.
The bank beat out Barclays to buy the big portfolio from Capital One; banks say they collected $13 billion in fees but spent almost as much setting up and running the small-business program.
With its first branch outside the Northeast U.S., the unit of Spanish banking giant Banco Santander wants to reach international clients who are familiar with the brand.
Many sectors are concerned about making money in an economic downturn, but those fears are higher in the financial sector, according to a study from Arizent.
The bureau released a five-year review of the so-called TRID regulation that found consumers benefited from being able to compare mortgage terms and costs, but the price tag for the industry was roughly $146 per loan.
While the two agencies have disagreed on key areas of reforming the Community Reinvestment Act, the acting comptroller of the currency said there is commonality between their two approaches and he has not given up on developing a joint plan.
