Suddenly, expenses rising faster than revenue at regional banks
Citizens Financial Group’s fourth-quarter results highlight the challenges regionals face in generating top-line growth. ... Read full article
Citizens Financial Group’s fourth-quarter results highlight the challenges regionals face in generating top-line growth. ... Read full article
People's United in Connecticut is letting the loans run off its books as it invests in higher-yielding commercial loans. ... Read full article
Executives at Beach Community want to pursue more acquisitions in central Florida. ... Read full article
Lower rates and more nonbank competition will make it harder for banks to keep loans on their books as business borrowers have plenty of opportunities to refinance elsewhere. ... Read full article
Potential sources of industry upheaval, and how to adapt; former Wells Fargo execs may face criminal charges in coming weeks; why banks have such high turnover of chief compliance officers; and more from this week's most-read stories. ... Read full article
Even in the face of soft loan demand, banks in the region have held firm on terms. That should position them well for the next economic downturn. ... Read full article
An examination of potential sources of upheaval for the financial industry and ideas on how to adapt. ... Read full article
Net interest margin pressure, modest loan growth and limited operating leverage could weigh on bank stocks in 2020, UBS analysts said. ... Read full article
Political uncertainty, sector-specific concerns as well as interest rate and labor trends may continue to depress commercial and industrial lending in the coming months. ... Read full article
Lenders have until the end of 2021 to phase out their use of the London Interbank Offered Rate in setting interest rates, but ServisFirst Bancshares and its CEO Tom Broughton see little reason to wait when a replacement is already available. ... Read full article
The proposed changes laid out by banking regulators would clear up confusion about what qualifies for CRA credit within so-called Opportunity Zones. But not all community development advocates are convinced that the changes are for the better. ... Read full article
Many business customers are putting off expansion because they can’t find enough workers to fill available jobs. ... Read full article
On Sep. 30, 2019. Dollars in thousands. ... Read full article
Mullis has thrived as a traditional community banker, leading the redevelopment of historic buildings in a small, struggling Georgia town and successfully growing Morris Bank in a mostly rural market. ... Read full article
Many lenders are establishing a firm bottom on variable interest rates amid intense competition for commercial credits, rising deposit costs and the possibility that the Fed could take rates to unprecedented lows. ... Read full article
Nearly one in four bankers said that the tech giants pose the biggest competitive threat in the long term. But are those fears warranted? ... Read full article
The once-acquisitive company appears ready to come off the sidelines, but will it be as a buyer or seller? ... Read full article
Don Kimble assured investors Wednesday that the bank is being "very diligent" in lending to an industry some experts say is already in a recession. Echoing other banking executives, he also predicted that consumer lending would drive overall loan ... Read full article
Top officials at Bank of America and Wells Fargo said that commercial loan demand is weak, even as U.S. consumers show strength. Their comments echo recent findings by the Federal Reserve. ... Read full article
After shaking up the financial services industry last month by eliminating commissions for all online trades, Charles Schwab is setting its sights on building out its lending services. ... Read full article