Commercial lending

Larger credit unions dominated PPP lending

08/27/20

New analysis from S&P shows only two of the top 20 credit unions that made Paycheck Protection Program loans have assets under $1 billion.

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Sharp divide between large and small credit unions in PPP lending

08/27/20

New analysis from S&P found that only two of the of the top 20 credit unions that participated in the Paycheck Protection Program loans had assets of less than $1 billion.

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U.S. Bancorp enlists CDFIs’ help to aid minority entrepreneurs

08/26/20

The Minneapolis company’s partnership with the Black Business Investment Fund and other community development financial institutions is an example of how banks can fulfill multimillion-dollar pledges aimed at closing the racial wealth gap.

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Citigroup cites $900 million human error. Lenders are puzzled.

08/25/20

The bank — which said it has been upgrading its loan operations platform after a review it undertook last year — said it mistakenly transmitted the payments after an employee didn't manually select the correct system options in its loan operation software.

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Trumps face N.Y. probe into valuation of assets to get loans

08/24/20

New York’s attorney general is investigating whether President Trump’s company inflated the value of his assets to secure favorable terms for loans, according to court filings. Testimony from his son Eric Trump is being sought as part of the case.

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Citigroup’s $900 million loan blunder to face OCC, Fed scrutiny

08/17/20

The bank has begun briefing regulators about how it mistakenly sent payments to creditors of Revlon, the financially strapped cosmetics company. Citi has also filed a lawsuit against Brigade Capital Management seeking to recoup $175 million it sent to Brigade on Revlon's behalf.

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Here's the credit quality metric to keep an eye on

08/12/20

Criticized assets are on the rise, especially in commercial portfolios, and may be the forerunner of a wave of loan losses later this year or next year unless economic conditions strengthen.

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Outside of PPP, it's crickets in small-business lending

08/12/20

The Paycheck Protection Program has masked what has been a year of tepid demand and tightened lending standards. And bankers aren't expecting a rebound anytime soon.

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Bankers don’t see economy recovering anytime soon

08/10/20

More than a third fear the fallout from the coronavirus pandemic could drag into 2022 or later, and they are most worried about commercial real estate loans, according to a Promontory Interfinancial Network survey.

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Customers Bancorp, BankMobile to chart new paths as separate companies

08/06/20

Spinning off its digital bank will allow Pennsylvania-based Customers to beef up its commercial lending and buy other banks. BankMobile, meanwhile, plans to pursue more white-label relationships and perhaps explore its own acquisitions.

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