new york

UBS to pay $230 million to N.Y. in mortgage securities probe

03/21/18

UBS agreed to pay $230 million to resolve a New York state probe into the Swiss bank's marketing and sales of residential mortgage-backed securities before the financial crisis, boosting the state's recoveries in the investigation to almost $4 billion.

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Federal Reserve lowers CRA rating for New York bank

03/16/18

Financial Institutions, the parent of Five Star Bank, was hit with a "needs to improve" rating after a review of its activities from 2011 to 2013.

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Impaired loan forces Chemung in N.Y. to report 4Q loss

03/06/18

The company received bad news about the commercial loan after it reported a narrow profit in mid-February.

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Citi developing digital-only bank, CFO says

03/06/18

Citigroup plans to launch an online bank that will be marketed nationally. It is one of several large companies with an online bank or niche platform in operation or on the drawing board.

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Sterling in N.Y. to buy equipment finance business from Macquarie

03/06/18

Sterling would gain $458 million in loans and an origination platform by acquiring Advantage Funding Management.

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Carver in N.Y. to sell corporate office in Harlem for $20M

02/22/18

The company will still use the building for its main office, but it will move its administrative staff to another building.

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Tax benefit overshadows higher funding costs at N.Y. Community

01/31/18

The company, which has been actively curbing growth to avoid becoming a systemically important financial institution, reported lower loan balances and reduced fee income after exiting the residential wholesale mortgage business.

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CIT posts 4Q loss, but lending and leasing expand

01/30/18

The results included a $222 million goodwill impairment charge and other one-time items

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Meta Financial to offer loans through online lender

01/26/18

Meta expects to originate $500 million to $1 billion in personal loans as part of a three-year partnership with Liberty Lending in New York.

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Sterling reports 4Q loss after long list of merger expenses

01/23/18

The New York company recorded more than $130 million of expenses tied to its October purchase of Astoria Financial.

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