Commercial lending

BofA defers $7.7 billion of commercial loans amid pandemic

07/31/20

Current economic conditions will have "a continued adverse effect on our businesses” if they persist or worsen, Bank of America warns.

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IPO done, nCino now has to prove it can turn a profit

07/28/20

The pressure is on the fintech, which helps banks make digital loans, to stanch its losses and show its lofty market valuation was deserved.

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Nonbanks face new disclosure rules on small-business loans in N.Y.

07/24/20

Similar to a law passed two years ago in California, legislation headed to the New York governor’s desk would require fintech and other nonbank lenders to uniformly disclose total cost of capital, APR and other metrics to potential borrowers.

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Leaked PPP forgiveness plan leaves bankers wanting

07/24/20

A Small Business Administration notice has surfaced that explains what steps lenders must take to seek approval of their forgiveness decisions under the Paycheck Protection Program. But lenders say lawmakers and regulators must do more to cut red tape.

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Huntington aims to contain energy exposure, ride consumer lending

07/23/20

The Ohio company, which has beefed up its loan-loss reserves, raised the possibility of more sales of oil and gas credits and talked up strong retail segments such as its marine and RV loans.

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KeyCorp defends its credit cushion as ample

07/22/20

Other regionals set more aside for loan losses than the Cleveland bank did in the second quarter, and its ratio of reserves to total loans is slightly lower, too. But Key executives say the portfolio is balanced and holding up well despite the pandemic’s economic toll.

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Comerica remains bullish on energy even as pandemic roils sector

07/21/20

The Dallas bank set aside less in the second quarter for credit losses than analysts expected. Executives cited action in Texas and California to reverse reopenings and said they're still committed to the oil and gas business.

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Zions braces for loan charge-offs in industries hard hit by pandemic

07/21/20

Loans to retailers and hotels are at the highest risk of default, the Salt Lake City company said in its second-quarter earnings presentation.

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Morgan Stanley to show how loans contribute to climate change

07/20/20

The New York bank has also joined a steering committee helping to develop a global accounting standard that financial institutions can use to measure their impact on global warming.

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Custody banks hurt by absence of commercial lending

07/17/20

While rival banks reported increases in loans and deposits, thanks largely to their participation in the Paycheck Protection Program, State Street and Bank of New York Mellon saw their balance sheets shrink in the second quarter.

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