Shares in the U.K.-based small-business lender fell 29% Tuesday after it sought to recalibrate expectations about its growth trajectory. So far, the company has pulled back lending more in the U.S. than in its other markets. ... Read full article
FB Financial is selling its correspondent lending channel to Rushmore Loan Management Services, which will complete the bank holding company's restructuring of its mortgage business. ... Read full article
The new regulation mandated by Congress expands eligibility for a simplified reporting form to financial institutions with $5 billion of assets. ... Read full article
Several prospects, including JPM’s Gordon Smith, are reluctant to take on a thankless job; lower interest rates, quiet trading will yield disappointing results. ... Read full article
Readers weigh potential risks in the leveraged loans market, debate Herb Sandler's legacy, consider the role the Fed should play in real-time payments and more. ... Read full article
Midsize banks are more profitable overall than both their smaller and larger counterparts, and the strategy that some of the best performers in this group use to stand out is specialization. ... Read full article
Midsize banks are more profitable overall than both their smaller and larger counterparts, and the strategy that some of the best performers in this group use to stand out is specialization. ... Read full article
Citigroup can beat consensus expectations in 2020 regardless of higher interest rates or stronger global growth, and is well positioned for potential supply chain shifts in Asia, Goldman Sachs said in an upgrade of the stock to buy from neutral. ... Read full article
Banks and credit unions “push back” against an FCC proposal to limit calls; Miami gets the next assistant the bank says is not intended to replace humans. ... Read full article
Wider net interest margins compared to a year earlier helped make up for a slight decline in loan balances, as nearly two-thirds of banks reported higher profits in the first quarter. ... Read full article
More than 66% of the banks reported a jump in net income during the first quarter but new risks are emerging in interest rates and underwriting, the Federal Deposit Insurance Corp. said Wednesday. ... Read full article
JPMorgan tells OxyContin maker to take its business elsewhere; reelection tallies are smaller than last year’s. ... Read full article
The two lenders are bucking the trend for the overall industry, which saw year-over-year mortgage growth slide to a 17-year low in March, according to the Bank of Canada. ... Read full article
The San Francisco-based online lender, which has recorded nearly $450 million in losses since 2016, is taking aggressive steps to achieve adjusted profitability later this year. ... Read full article
The Atlanta company reported a first-quarter revenue increase of 22%, and it has established a more aggressive target for the full year. ... Read full article
The Maryland company has hired interim CEO Susan Riel to officially take over the post. ... Read full article
In his first extensive interview since taking the job this year, Javier Rodriguez Soler talks about banking as a service, how to keep customers happy and where he sees AI and other tech innovations heading. ... Read full article
Digital coin could be used for purchases across the internet; Berkshire vice chair says he would have let Sloan stay on at Wells. ... Read full article
Activist concedes he doesn't have the votes to join Barclays' board; How an "inevitable" deal fell through and where the banks go from here. ... Read full article
The company, which has invested $3 million in fintech in recent years, said the value of the portfolio is nearing $14 million. ... Read full article
