News Topic: Commercial banking

The largest banks are approving small-business loan applications at the fastest rate since the recession, a sign that that they are willing to assume more risk and taking seriously the threat of competition from online lenders. ... Read full article

The venue currently called the Verizon Center will be renamed the Capital One Arena immediately, according to its owner. The arena houses the NBA's Washington Wizards, the NHL's Capitals and the WNBA's Mystics. ... Read full article

Doug Bowers said the company has moved beyond past issues, including corporate governance shortcomings and the abrupt departure of his predecessor, and is ready to bring in more loans and core deposits. ... Read full article

The New York Times explores why we lack female CEOs, Uber considers Bank of America’s Anne Finucane for its CEO spot, and State Street’s head of corporate governance explains its push for gender diversity on boards. Plus, who needs a hero? ... Read full article

The company has agreed to buy Puget Sound Bancorp to expand in a competitive, fast-growth market. ... Read full article

The Miami Lakes company’s chargeoffs of medallion loans increased fivefold, but profits rose thanks to gains in C&I, CRE and other types of loans. ... Read full article

The Tulsa, Okla., company reported loan growth in all categories, including a 56% increase in personal loans. ... Read full article

Strong gains in interest and fee income offset higher expenses and chargeoffs at the Kansas City, Mo., company. ... Read full article

A series of balance sheet moves and a focus on deposit gathering and business lending led to a $157 million profit in the second quarter. ... Read full article

Now that the Federal Reserve has raised short-term rates four times in the past 18 months, all eyes are on deposit costs as banks seek to keep pricing low and fatten margins. But that effort is complicated by the fact that banks must prepare for the ... Read full article

The Portland, Ore., company outlined a plan to boost its return on tangible common equity to between 13-15% by 2020. More details will be provided by fall, executives said. ... Read full article

The Pennsylvania bank's mortgage performance contributed to stronger loan growth, fee income and profits. ... Read full article

In a sign of broader competition ahead, bigger banks are raising the interest they pay on deposits held by business customers. The big question is how hard will it be for banks to maintain margins and to stave off consumer demands for better rates. ... Read full article

A yearlong effort to slash costs boosted profits at the Dallas company. ... Read full article

Bank of America Corp.’s expected bonanza from rising interest rates has stalled. ... Read full article

While trading results reported Friday were worse than the firm had warned, 2Q earnings set a record and the company said it will increase loans this year at double the rate analysts expected. ... Read full article

Citigroup Inc.’s bond traders and investment bankers are closing in on their rivals at JPMorgan Chase & Co. ... Read full article

When the U.S. withdrew from the Paris Agreement, business leaders across the country called on the private sector to step up their own efforts to reduce greenhouse gas emissions and ultimately limit global warming to 2 degrees Celsius. From new corporate ... Read full article