The Michigan company's third-quarter results were down slightly from a year earlier despite increased commercial lending and a wider net interest margin.
For community bankers, the current environment is more challenging than ever, with high regulatory burden and tough competition. Four bank CEOs sat down to discuss the future of the industry, and what they are hoping may change.
Deserve is offering unsecured cards to young adults who do not have traditional credit scores. The Silicon Valley startup uses a proprietary algorithm that analyzes bank account activity to evaluate the likelihood that borrowers will repay.
The Cincinnati bank's total loans fell 2% and its adjusted fee income dropped 4%, but its top line was strong because of higher interest rates and the gain from a sale of more Vantiv shares.
Growth in net interest income was offset by a decrease in revenue from mortgage banking and capital markets, the Birmingham, Ala., company said Tuesday.
Why are credit unions lending their name to this fight when the vast majority of them do not use forced arbitration and have not been caught up in Wall Street’s excesses?
