Commercial lending

BofA will no longer lend to some gunmakers, vice chairman says

04/10/18

Bank of America plans to stop lending to companies that make assault-style guns used for non-military purposes.

[more]

Triumph in Dallas to buy two banks and a factoring company

04/09/18

With the three deals, Triumph is beefing up in Colorado, expanding into New Mexico and strengthening its asset-based lending unit.

[more]

Beneficial's answer to stiff loan competition: Start a lease business

04/06/18

Struggling to find quality loans in the grueling Philadelphia market, Beneficial Bank is looking to accelerate growth by building a nationwide leasing firm from the ground up.

[more]

For ag bankers, fear and loathing over China’s tariffs

04/04/18

China’s threat to impose hefty tariffs on dozens of U.S. imports could weaken demand for soybeans, pork and other agricultural products. Here's what that could mean for farmers, ranchers and the banks that lend to them.

[more]

Gunmaker gets loan from JPMorgan, Franklin after others said no

03/29/18

For Remington Outdoor Co., one of the oldest firearms makers in the U.S., not even going bankrupt is easy these days.

[more]

Rising compliance costs are hurting customers, banks say

03/28/18

A majority of midsize and large banks complain that red tape is mounting and that they are passing on higher regulatory costs to customers and have less flexibility in designing products, according to a new survey by the RMA.

[more]

TD Bank adopts nCino’s digital lending platform

03/28/18

The Canadian bank becomes the largest institution to implement the fintech firm’s Bank Operating System technology.

[more]

Grave situation: How one bank is helping cemeteries get loans

03/27/18

Live Oak Bancshares took two years developing a loan for cemetery operators, a group that faces challenges with financing for property improvements.

[more]

MUFG's big U.S. expansion is just getting started

03/26/18

The holding company for Union Bank — itself a unit of the Japanese giant Mitsubishi UFJ Financial Group — is on a mission to double its size and become one of the nation's 10 largest banks. Under Steve Cummings, its first-ever American CEO, MUFG Americas has expanded middle-market lending and amassed $3 billion of consumer deposits through its new online bank. Is a splashy acquisition next?

[more]

BofA the latest big bank to woo small-business customers

03/26/18

The bank on Monday launched a loyalty and rewards program aimed at small businesses.

[more]