News Topic: Commercial lending

To attract new customers, banks are getting rid of the paper-based payments process between builders and subcontractors. ... Read full article

On Sep. 30, 2017. Dollars in thousands. ... Read full article

Stuart Gulliver’s final set of results at HSBC Holdings Plc weren’t quite the swansong he’d hoped for as he hands the reins over to his long-term lieutenant, John Flint. ... Read full article

Triumph Bancorp has developed technology to help freight brokers make faster payments to truckers, charging a fee for the service. ... Read full article

As U.S. banks were tallying up the billions of dollars in extra profits they'll reap from the sweeping tax cuts signed into law by President Donald Trump, they were quietly delivering unwelcome news to local governments: The interest rates on their ... Read full article

Allison Dukes will succeed current CFO Aleem Gillani when he retires at the end of this quarter, while Mark Chancy and Beau Cummins will become co-chief operating officers immediately. ... Read full article

It’s too soon to gauge the true impact of recent tax cuts on loan demand, but anecdotes from bankers suggest that, after months of stagnation, pipelines are filling up again. ... Read full article

Turmoil at the Export-Import Bank, a possible trade war with China and a potential retreat from the North American Free Trade Agreement all add up to high anxiety for bankers in the business of financing U.S. exports. ... Read full article

People's Bank of Commerce in southern Oregon decided it had to diversify to survive, so when a director heard a factoring firm he co-founded was up for sale, the bank seized the moment. Now it has other deals in mind. ... Read full article

Neptune Financial plans to use technology to improve the efficiency in making loans to companies with $10 million to $100 million in annual revenue. ... Read full article

Darryl White sees an opportunity for Bank of Montreal to take more market share in the United States, and he’s betting on investments in mortgage lending, commercial banking and capital markets to get there. ... Read full article

If the Fed order is lifted quickly — a big if — then the impact on Wells should be minimal. But if it lingers past 2018, then the bank could find itself on the losing end of the battle for customers and top talent. ... Read full article

Credit standards for commercial loans to medium and large firms showed some signs of easing over the last three months of 2017, even though demand stayed relatively unchanged. ... Read full article

On Sep. 30, 2017. Dollars in thousands. ... Read full article

Commercial lending and mortgage income surged in the fourth quarter at the West Virginia bank thanks to two acquisitions, but a tax charge cut into profits. ... Read full article

The Minnesota bank was able to realize a large net tax benefit in the same quarter it took a big charge to exit auto lending, so in the end its profits doubled. ... Read full article

The results included a $222 million goodwill impairment charge and other one-time items ... Read full article

On Sep. 30, 2017. Dollars in thousands. ... Read full article