News Topic: First Republic

The San Francisco bank reported record loan originations thanks to explosive growth in single-family home loans, and profits beat analysts' expectations. ... Read full article

Home purchases in markets outside of cities accounted for some of the San Francisco bank's loan growth. Executives believe this will be a long-term trend because a generous supply of inventory in less populated areas will appeal to buyers. ... Read full article

The San Francisco bank said the amount of loans that could go into forbearance so far represents a small percentage of its total portfolio. ... Read full article

For First Republic Bank in San Francisco, “the pain index is likely somewhere between excruciating and traumatic,” says one expert. But few realize how much the bank got for its money. ... Read full article

For First Republic Bank in San Francisco, “the pain index is likely somewhere between excruciating and traumatic,” says one expert. But few realize how much the bank got for its money. ... Read full article

The San Francisco bank has roughly doubled its assets in the last five years with the benefit of an acquisition. ... Read full article

A potential succession and a transfer of power in family leadership are among the key recent executive moves in banking. ... Read full article

The company has appointed President Gaye Erkan to its board of directors, potentially positioning her to replace longtime CEO James Herbert when he eventually retires. ... Read full article

Student loan debt — now at $1.5 trillion in the U.S. — is arguably the greatest pain point for consumers in their 20s and 30s. To court that demographic, banks are increasingly offering help with refinancing and repayment. ... Read full article

Time and again, two former associates of President Trump deceived banks in connection with loan applications. Their wealth, proximity to power and willingness to tell big lies all appear to have helped them get away with brazen schemes. ... Read full article

Raises for the rank and file have fueled investor complaints that banks aren’t keeping a lid on expenses. Executives say the pay increases have lowered turnover and improved customer service. ... Read full article

Double-digit gains in interest and noninterest income more than offset higher deposit, compensation costs. ... Read full article

First Hawaiian, which is currently being spun off from BNP Paribas, has hired Ravi Mallela as chief financial officer. ... Read full article

Record loan originations and strong growth in wealth assets under management more than offset a double-digit increase in expenses at the San Francisco company. ... Read full article

Fifth Third and First Republic are among the investors in the company’s $50 million equity round. ... Read full article

Wealth management assets, deposits and fee income swelled at the San Francisco bank, but interest and noninterest costs rose along with them. ... Read full article

The San Francisco bank has pulled in 10,000 new households with loan products geared toward young professionals. ... Read full article

Flush with cash, many commercial firms are also opting to pay down debt rather than take on new loans, and those seeking financing aren’t always turning to banks to meet their needs. ... Read full article