Medallion loans

Lifetime Achievement: John Kanas

11/28/17

A New York banker who mastered the art of buying low and selling high, broke industry norms and learned from his mistakes in commercial real estate, Kanas became a model regional bank builder and a central figure in the post-crisis recovery.

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BankUnited overcomes taxi woes, posts 33% growth in 3Q profit

10/31/17

Strong loan growth at the Miami Lakes, Fla., company more than offset an increased loan-loss provision tied to Hurricane Irma and continued weakness in taxi medallion lending.

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New York Community profits fall 18% as taxi lending woes persist

10/25/17

Provision costs surged to $44.5 million from $1.2 million. The company attributed that increase to higher chargeoffs in its taxi book.

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BankUnited does its best to shrug off taxi medallion woes

07/26/17

The Miami Lakes company’s chargeoffs of medallion loans increased fivefold, but profits rose thanks to gains in C&I, CRE and other types of loans.

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Big banks and regionals strategize for the second half of 2017

06/15/17

With the first half of 2017 drawing to a close, bank executives gathered this week at the Morgan Stanley Financial Services conference to discuss their companies’ performance thus far and, more important, outline their priorities for the rest of the year and beyond. Here are some of the highlights.

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BankUnited reports higher quarterly profit despite medallion woes

04/25/17

The Florida company relied on loan growth and loan sales to offset higher expenses and ongoing issues in its taxi medallion lending operations.

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Signature in N.Y. rides strong asset growth to record profits in 1Q

04/19/17

Double-digit growth in earning assets more than offset higher expenses and a decline in the net interest margin.

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