Rising deposit costs eat into Comerica's 3Q profit
The Dallas company also warned of a decline in net interest income this quarter due to the anticipated impact of Federal Reserve interest rate cuts on loan yields. ... Read full article
The Dallas company also warned of a decline in net interest income this quarter due to the anticipated impact of Federal Reserve interest rate cuts on loan yields. ... Read full article
Slowdowns in new factory orders and production, largely tied to the trade war with China, could translate to more defaults among industrial clients. ... Read full article
Its quarterly results show lower rates and emerging credit risks can be overcome. Whether most banks have all the same levers to pull is another matter. ... Read full article
The Providence, R.I., bank recently installed a new regional head in California to oversee a commercial banking expansion into five western states. The bank says it’s trying to craft a successful growth strategy while reassuring investors it isn’t ... Read full article
A strong economy, low-cost deposits and disruption from M&A are presenting opportunities. ... Read full article
The company has agreed to buy a portfolio of commercial loans from Santander Bank. ... Read full article
States are just beginning to regulate cryptocurrency as a credit collateral for lenders. More can be done. ... Read full article
The rise in prices caused by the attacks on Saudi Arabian oil installations should help banks recoup some losses from the 2016 downturn. Harder to gauge is the impact the price volatility will have on U.S. energy production and, in turn, loan demand. ... Read full article
The Michigan company sold collateral tied to Live Well, a mortgage company that has filed for bankruptcy protection. ... Read full article
By turning to investors outside traditional banking, private-equity firms are finding it easier than ever to get loans to finance their buyouts of corporations that are nowhere close to being profitable. ... Read full article
The company will offer deposit-related services to firms with permits for hemp and CBD. ... Read full article
The company says its exposure involves a participation loan to a business customer for which it was the originator. ... Read full article
It hasn't stimulated loan demand in ways banks hoped it might, and some CEOs fear future rate cuts might cause companies to hunker down. ... Read full article
Mnuchin hopes to strike a deal soon to recapitalize the two mortgage giants, a prelude to privatization; the bank’s focus on mid-tier corporations is starting to bear fruit. ... Read full article
Its new training program will try to make commercial bankers out of professionals who left the workforce and want back in. It is another example of a bank getting creative in a tight job market. ... Read full article
On Jun. 30, 2019. Dollars in thousands. ... Read full article
The Cincinnati bank recently expanded its renewable energy banking business to include investment banking services. Its ambitious goals demonstrate the sector’s growing appeal to regional and community banks. ... Read full article
On Mar. 31, 2019. Dollars in thousands. ... Read full article
Nonbank lenders Monroe Capital and MGG Investment Group have made a combined $115 million of loans to firms that make cannabidoil and supply products to the cannabis and hemp industries. ... Read full article
As a growing number of chains go bankrupt, loan charge-offs are rising. ... Read full article