Earnings

OceanFirst taps insider as bank president

11/20/20

Joseph Lebel's promotion follows a third-quarter loss as the New Jersey company company looks to get ahead of credit issues by selling high-risk loans.

[more]

Green Dot readies GO2bank to take on new generation of challengers

11/05/20

As challenger banks threaten Green Dot Corp.'s status among the underbanked, the prepaid card issuer is diving into their market by unveiling a challenger bank of its own.

[more]

OceanFirst takes aggressive stance by selling problematic loans

10/30/20

The New Jersey company reported a quarterly loss after becoming one of the first lenders to liquidate loans harmed by the coronavirus pandemic.

[more]

Why multifamily loans remain resilient in New York

10/29/20

Lenders pushed back against the notion that city dwellers' pandemic-driven flight to suburbia would hurt them. They say fewer landlords have sought deferrals as vacancy rates remain low and rent collections have stabilized.

[more]

Santander Consumer warns charge-offs will keep rising into spring

10/28/20

The subprime lender cited low odds that Washington will deliver further economic relief, and the fact that $1.5 billion of loans whose deferral period expired are now more than 30 days behind.

[more]

What's behind the leadership shake-up at TCF

10/27/20

Craig Dahl said working seven-day weeks to shepherd the integration with Chemical and then the combined company’s coronavirus response led to his abrupt retirement.

[more]

HSBC vows to 'accelerate' U.S. cost-cutting plan

10/27/20

The global bank, which has already closed more than 30% of its U.S. branches this year, indicated that the pandemic is prompting it to adjust its plans on the fly.

[more]

Customers have turned cautious and banks are getting pinched

10/25/20

Deposits have piled up, curtailing overdrafts and other fees. The trend could force lenders to find other ways to make money — or start cutting to the bone.

[more]

SVB Financial releases reserves, citing venture capital rebound

10/23/20

The company's Silicon Valley Bank unit reduced its loan-loss cushion by $52 million. Private-equity and VC clients have warmed to the practice of doing deals virtually, which increases lending opportunities, SVB executives said.

[more]

First Horizon eyes more expense cuts in wake of Iberiabank merger

10/23/20

The Memphis company is looking to take out more costs than initially planned due to the economic uncertainty brought on by the coronavirus pandemic.

[more]