The good news: SBA lending is going gangbusters and business owners are optimistic about growth prospects and their ability to access credit. The not-so-good news: Many firms are still not particularly interested in borrowing and startups are not the engines of job creation they once were.
Fintech has upended parts of the banking industry and made old ways of doing business obsolete. But that's also what makes it an exciting time to be a banker, says Citizens Bank CEO Bruce Van Saun.
Financial institutions should begin to treat data not just as a means to implementing a business model, but as an integral and valuable part of the business model.
The roughly $2 million investment comes as banks keep joining (and in some cases, leaving) various distributed-ledger projects as they try to pick the winners in a young field.
The post-election rise in business optimism has not yet resulted in a stronger demand for loans, if the first quarter was any indication. What does that mean for regional banks?
James Herbert, 72, has once again postponed retirement. The longtime CEO was scheduled to step down at yearend, but the company says he will remain at the helm through 2020.
Citi says David Madaras sent a profane message that confirmed the name of a confidential client, but he says the messages were read out of order and misunderstood.
