News Topic: Commercial banking

Leader Bank says it can land property managers as commercial clients by helping them handle tenant deposits — and possibly create opportunities to boost CRE lending. ... Read full article

“Sometimes Washington picks the winners for you,” said Manny Friedman, CEO of the hedge fund EJF Capital. ... Read full article

Fresh off landing JPMorgan Chase as a client, the digital payments firm is counting on tech veterans Yael Zheng and Vinay Pai to help accelerate its growth through additional partnerships with banks and accounting firms. ... Read full article

Investments in analytics and a focus on courting midsize businesses have helped regional banks add non-interest-bearing deposits even as they struggle for other types of deposits. Can they keep it up as rates rise? ... Read full article

The Birmingham, Ala., company is also looking to bulk up in Atlanta, Houston, Memphis and Knoxville, Tenn. ... Read full article

Capitol Federal will enter commercial lending for the first time in its 125-year history after it buys Capital City Bank. ... Read full article

Borrowers can get better rates elsewhere, so they're repaying ahead of schedule, leaving banks in the lurch. The steps lenders would have to take to keep the business could be prohibitively expensive. ... Read full article

The measures will lead to a “significant reduction” in the roughly 97,100-person workforce this year, the German banking giant said. ... Read full article

Grayson Hall has served as CEO since 2010. He will leave the post in July but remain executive chairman through the end of the year. ... Read full article

CIT took a $22 million hit on a business loan, and overall loan growth was tepid. ... Read full article

Double-digit consumer-loan growth more than offset a decline in commercial real estate loan balances. ... Read full article

The $17 billion-asset Bank of Hawaii reported higher profits on rising interest income, even as it saw yearly declines in mortgage banking and deposit fee income, as well as losses on investment securities. ... Read full article

“We know we've said this before, but we do feel we've put this behind us now,” Joseph DePaolo said Thursday. ... Read full article

However, mortgage growth and servicing income weren't the only reasons profits rose by double digits at the Dallas bank. ... Read full article

The divide highlights a lingering question about how much commercial and retail depositors value cutting-edge technology over price — and whether midsize banks can keep pace with bigger rivals when it comes to tech investments. ... Read full article

Joe Petitti and Jack Knight formerly held leadership posts at First Republic. ... Read full article

Previously the head of commercial banking, Tory Nixon — also a former NFL cornerback — will now oversee the bank's digital strategy. ... Read full article

Bank of America Corp. hit a milestone in its years-long effort to get costs under control. ... Read full article