new york

Chemung in N.Y. discloses exposure to loan default


The loan participation has been flagged for potentially fraudulent activity.


Pioneer in N.Y. issues warning on potential client fraud


The company says its exposure involves a participation loan to a business customer for which it was the originator.


U.S. ATM inventor celebrates its 50th anniversary


Donald Wetzel, the man who devised the first U.S. cash dispenser, says automated tellers will always exist — even as they evolve beyond their initial purpose.


HSBC presses its advantage as contactless-only issuer


As major U.S. cities continue to implement contactless tap-and-go acceptance to collect transit fares, at least one bank sees this trend as an opportunity to put its cards on center stage.


Ink barely dry on two deals, OceanFirst chief scouting another


Christopher Maher is kicking the tires on an "acquisition of size" that would propel the New Jersey bank across the $10 billion-asset mark.


CIT buys itself wiggle room with Mutual of Omaha Bank deal


Acquiring the Nebraska bank would give CIT Group access to billions of low-cost deposits to fuel a go-it-alone growth plan. CEO Ellen Alemany says it could also make her company "more valuable" to potential buyers if it ever wants to sell.


Investors Bancorp's about-face from seller to buyer


The New Jersey company was reportedly shopping itself around last fall. Fresh off an agreement to buy Gold Coast Bancorp in New York, CEO Kevin Cummings says he is ready to explore other acquisitions.


OceanFirst to enter New York, near $10B in assets with two acquisitions


The New Jersey company will pay $284 million for Two River Bancorp and Country Bank Holding.


Will New York's new rental laws suppress multifamily lending?


Bankers are downplaying such concerns, but others say a sharp decline in values on rent-regulated buildings means landlords will have less cash flow to acquire new properties


CFPB, N.Y. settlement would ban Buffalo debt collectors from industry


State and federal authorities say the network of firms in upstate New York sought debts that consumers weren't obligated to pay and impersonated government officials, among other things.