Lending preview: C&I will surge, CRE will slump in 2019
Consumer lending should also be a bright spot, while mortgage lending could be suppressed by rising rates and tight housing supplies. ... Read full article
Consumer lending should also be a bright spot, while mortgage lending could be suppressed by rising rates and tight housing supplies. ... Read full article
Bank portfolios are chock full of loans to industries — think agriculture, tourism, real estate and energy — that could be particularly hard hit by warming temperatures. Some large banks are engaging in "scenario analysis" to mitigate the risk. ... Read full article
A smooth integration of Access National could allow John Asbury, CEO of Union Bankshares, to move a step closer to building a regional franchise that stretches from Baltimore to Hampton Roads. ... Read full article
HarborOne Bancorp — led by James Blake, one of our five community bankers to watch in 2019 — is a former credit union that recently made its first bank acquisition and has Boston and other markets in its sights. ... Read full article
Atlantic Equities’ John Heagerty cut his recommendation on JPMorgan Chase to neutral, saying the bank now “offers the least upside” to price targets among the major banks. ... Read full article
The online lender will roll out the business early next year with a focus on loans of less than $100,000. ... Read full article
The U.S. subsidiary of the Royal Bank of Canada has added bankers from MUFG Union Bank and Bank of America to its Orange County, Calif., team that serves the aerospace and defense industry. ... Read full article
The Financial Accounting Standards Board is requiring all companies to record leases for property and equipment on their balance sheets. Here’s how that revision could affect banks’ loan decisions — and their own capital ratios. ... Read full article
On Sep. 30, 2018. Dollars in thousands. ... Read full article
This may be “the first wave” of managers being held accountable for the phony accounts scandal; high prices discouraging cross-border acquisitions. ... Read full article
Big-bank execs downplayed gloomy economic forecasts and said a commercial lending rally, niche M&A and smart tech spending will drive growth in 2019. ... Read full article
The agency's semiannual report on risks in the industry focused heavily on the high volume of commercial loans as well as banks' exposure to nonfinancial corporate debt, which is near a record share of GDP. ... Read full article
Her guidance of a former credit union through the crisis and into a profitable bank, her advocacy for reg relief and other industry priorities, and her vocal support of women seeking to knock down many of the same workplace barriers she faced make her one ... Read full article
The Bridgeport, Conn., company is developing a specialty in banking technology businesses. Like so many other small regionals with ambitious growth plans, it faces a tricky balancing act: how to take creative risks without getting in over its head. ... Read full article
Date, now a venture capitalist, worked with the lending software company's CEO, Dan O'Malley, at Capital One in the 2000s. ... Read full article
It's the latest expansion step in commercial services there by the Atlanta bank, which has no retail branches in Texas. ... Read full article
Bank groups are pushing a variety of proposals to delay the loan-loss rule or soften its impact. The accounting standards board has agreed to review at least one of them — but at a pace that might not be fast enough for lenders. ... Read full article
Efforts to create city- or state-owned banks in Los Angeles, Seattle and New Jersey have suffered setbacks of late, but public banking advocates are taking the long view. ... Read full article
The lender is working with the fintech Biz2Credit to offer both secured and unsecured digital loans. ... Read full article
Banks can handle the energy-linked loans they've extended — as long as oil prices don't drop much below $50 per barrel, analysts are saying. ... Read full article