Commercial banking

Key SBA program in danger of hitting legislative cap

03/30/17

Without congressional help, the 7(a) program could be forced to shut down for the second time in three years.

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CIBC boosts offer for PrivateBancorp to $4.9 billion

03/30/17

The revised offer is 20% higher than the initial bid, which amounted to a discount after bank stocks soared following the November elections.

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JPMorgan eyes Dublin as possible Brexit landing spot

03/30/17

JPMorgan Chase is in talks to buy a Dublin office building as the bank considers expanding in the Irish capital as one of its options for when Britain leaves the European Union, according to people with knowledge of the matter.

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How banks use investment funds to spread CRA risk

03/27/17

Community banks, big commercial banks and Wall Street investment houses are finding common ground in small-business loan funds that help Main Street, minimize potential losses on credit extended to young companies and sometimes lead to new business prospects.

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Huntington taps Bank of the West exec to lead retail bank

03/23/17

Andy Harmening will succeed longtime retail banking chief Mary Navarro, who is retiring in June.

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U.S. banks brace for possible trade war with Mexico

03/22/17

Community banks, which could be the hardest hit if economic tensions between the U.S. and Mexico escalate into a tariff battle, are urging policymakers to refrain from rash action, and big banks are already trimming exposures.

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JPMorgan Chase names new head of business banking

03/21/17

In his new role at the nation's largest bank, Andrew Kresse will manage the business that serves companies with up to $20 million in annual revenue.

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Index of Banking Activity: February IBA at 58.0

03/21/17

Strong rebounds in consumer activity produce strongest overall reading in nearly a year. Consumer loan application activity accelerates in all regions except the West.

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Fed's Dudley says Wells Fargo shows bank culture needs improving

03/21/17

The scandal involving Wells Fargo that surfaced last year shows the U.S. banking industry still has work to do on improving its culture, Federal Reserve Bank of New York President William Dudley said.

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Flashback: How David Rockefeller commanded a room

03/20/17

The former chairman of Chase Manhattan Bank, who died Monday, displayed “great graciousness, even in periods of stress."

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