A California bank with deep ties to the U.S. venture capital industry is targeting Denmark for growth, as a lack of regulatory constraints on lending make the country a preferred destination in Scandinavia. ... Read full article
Businesses scaled back investment plans in the third quarter, but consumers continued borrowing; the bank now plans to raise its minimum wage to $20 in 2020. ... Read full article
New tech lets American Express instantly issue cards to immigrants; the end of Libor raises concerns about financial stability; regulators shutter banks in Kentucky and Ohio; and more from this week's most-read stories. ... Read full article
PrecisionLender, the digital banking software vendor's largest acquisition to date, sells sales coaching software. ... Read full article
The parent of Silicon Valley Bank is as bullish as Citi on the growth potential in China, despite the trade war. SVB's focus on early-stage startups is boosting its profits from Asia. ... Read full article
The McLean, Va.-based company is under law enforcement scrutiny for loans that helped propel a boom and bust in the taxi medallion market in New York City. ... Read full article
Bank and other lenders are said to have poured hundreds of billions of dollars into financing private-equity firms and their investment deals in recent years. Defaults have been low, but an economic slowdown could put these relationships to the test. ... Read full article
A special committee in the state Senate has recommended not to move forward on a proposed bill to tax credit unions above a certain asset threshold. ... Read full article
Executives at banks in California say there's only so much they can do until the flames subside. ... Read full article
On Jun. 30, 2019. Dollars in thousands. ... Read full article
The combination of low unemployment, rising wages and falling interest rates means more households are taking out loans for big-ticket items like speedboats and mobile homes. ... Read full article
Midsize players like BankUnited, BOK and Fulton Financial plan to rely on selective M&A, catering to niches overlooked by big banks, aggressive recruitment of commercial lenders and other strategies to stimulate revenue growth. ... Read full article
Executives say they are passing on more loans as bank and nonbank competitors cut rates and forgo traditional safeguards. ... Read full article
The company says the upgrade will support future digital investments. It also said Tuesday that third-quarter profits climbed 8% but reported a sharp increase in criticized business loans. ... Read full article
Amid concern that an economic downturn is approaching, Greg Carmichael said that banks need to focus on credit quality and not worry about expanding their balance sheets. ... Read full article
Declining interest rates took a toll on its profit margin, but the Salt Lake City company still beat earnings expectations in the third quarter. ... Read full article
On Jun. 30, 2019. Dollars in thousands. ... Read full article
Customers of the New Jersey bank will be able to complete applications in minutes and receive funding in as little as one business day. ... Read full article
Commercial lending provided a boost for some regional banks in the third quarter, but further rate cuts and a slowing economy could challenge future growth. ... Read full article
The Pittsburgh company’s “branch lite” approach to retail and middle-market banking in new markets will break even sooner than expected and has had a noticeable impact on loans and deposits. ... Read full article
