'Banks controlled by politicians. What could go wrong?': Comments of the week
Readers react to trends in public banking, weigh potential changes for brokered deposits, consider oversight of foreign banks and more. ... Read full article
Readers react to trends in public banking, weigh potential changes for brokered deposits, consider oversight of foreign banks and more. ... Read full article
Decades-old measures designed to rein in risky lenders are now preventing healthy banks from tapping crucial sources of funds. ... Read full article
Are midsize banks in position to disrupt, or are they investing billions in technology because they can’t afford not to? ... Read full article
On Jun. 30, 2018. Dollars in thousands. ... Read full article
Silvergate is selling the branch to focus more on fintech deposits and specialty lending. ... Read full article
Readers respond to the burgeoning debate over brokered deposits, consider the Democratic presidential hopefuls for 2020, weigh the Consumer Financial Protection Bureau's latest regulatory efforts and more. ... Read full article
Year to date Jun. 30, 2018. Dollars in thousands. ... Read full article
As the FDIC considers reforms to its brokered deposit rules, the agency should recall the problems these funds caused in the lead up to the S&L crisis, argues former Chairman William Isaac. ... Read full article
Big banks have plans to open hundreds of branches in new markets to add deposits, but smaller regionals have largely sought to hold the line on costs. Cullen/Frost Bankers' decision to double its branch count in Houston may be a sign that midsize ... Read full article
Deposits topped $100 billion during the quarter while profits climbed 34% thanks to higher loan yields and lower taxes. ... Read full article
Popular's 16% gain in deposits and a recent acquisition bode well for its future even though there has been a major net loss of residents since Hurricane Maria. ... Read full article
Strong growth in the bank's core business of multifamily lending was offset by higher rates it paid on CDs and borrowed funds. ... Read full article
Netspend customers kept from accessing paychecks; Sen. Elizabeth Warren rebukes Comerica over fraud in benefits program; FDIC poised to revamp deposit rules (about time, say banks); and more from this week's most-read stories. ... Read full article
Earnings were bolstered by lower taxes and higher asset-servicing fees, but revenue was flat and analysts raised concerns about a shrinking deposit base. ... Read full article
Many bankers say the agency needs to rethink its definition of brokered deposits and how it sets interest rate caps. ... Read full article
The Dallas company reported a 41% increase in 3Q earnings despite lackluster performances in lending, deposits and fee income. ... Read full article
Banks looking to build online-only affiliates to turbocharge deposit-gathering can expect intense competition and heightened regulatory scrutiny. ... Read full article
College prospects cite the financial crisis as one reason they are passing on community bank jobs to join fintechs. ... Read full article
The third interest rate increase of the year could have a significant impact on banks' lending, deposit gathering and even M&A decisions. Here's what to expect. ... Read full article
The two megabanks face different problems, as Bank of America customers are frustrated over fees and customer service while Wells customers are alarmed about the bank's recent scandals. ... Read full article