Aggressive restructuring moves and stock buybacks are giving CIT time to remold itself, but it will need to show core-banking growth to stave off calls for the company to sell itself.
Amid all the bad news this year among taxi-medallion lenders, banks are trying to renegotiate loan terms behind the scenes, and regulatory changes could prop up collateral values and the competitiveness of taxis.
The former New Jersey mutual is stepping up efforts to court bigger commercial clients. The move will help Investors diversify its loan book and deploy capital while it is barred from buying banks.
Some believe that increased bank regulation is to blame for overall slower growth in commercial and industrial loans. Yet that assessment misses some important details.
Restricting banking organizations’ lines of business would hurt their ability to compete in a constantly evolving financial system and to serve as sources of strength.
The post-election rise in business optimism has not yet resulted in a stronger demand for loans, if the first quarter was any indication. What does that mean for regional banks?
