News Topic: new york

Grasshopper Bancorp will target the innovation economy in New York City and other markets across the country. ... Read full article

The parent of Ponce Bank has agreed to acquire Mortgage World Bankers. ... Read full article

While regulation and nonbank competition are spooking some banks, others believe low funding costs and the right relationships can help them succeed. ... Read full article

Undeterred by setbacks in other cities, a broad coalition of community groups is seizing on popular mistrust of traditional banks to press the case for a city-owned bank. ... Read full article

The moves are part of a plan CEO Rajinder Singh discussed in a conversation with American Banker. ... Read full article

Housing advocates and Democratic lawmakers want to create more protections for tenants of rent-controlled apartments, but they are facing stiff opposition from property owners and the banks that lend to them. ... Read full article

The company said it could use proceeds from selling common and preferred stock to increase lending and add branches. ... Read full article

It just got harder for banks in Georgia to enforce noncompete agreements in employee contracts. For employees of two merging banks, BB&T and SunTrust, the timing couldn’t be better. ... Read full article

The Department of Financial Services has created a statewide financial protection division focused on corporate compliance and consumer issues, in line with steps taken by New Jersey and Pennsylvania. ... Read full article

The good times continue to roll for two New York City marshals whose work collecting debts for predatory lenders is making them millionaires. ... Read full article

"If you gathered the U.S.-based senior counsels of the major Chinese banks operating in the United States," said Joseph Loffredo, assistant general manager and chief financial officer at the New York branch of China Merchants Bank, ... Read full article

The company, which is planning to revamp its organizational structure, has seen a sharp increase in funding costs over the past year. ... Read full article

CEO Joseph DePaolo lamented the tough funding environment after the New York bank said deposit costs jumped 90% in the first quarter. Signature was the second bank Wednesday to report a drag on profits from funding costs. ... Read full article

The New Jersey company agreed to buy BoeFly, which connects franchisors, small businesses, lenders and loan brokers. ... Read full article

New York's former banking superintendent will spend much of the next three months advising fintech startups on how to cope with regulators. ... Read full article

With an implementation deadline less than a year away, bankers will be pressed to detail how a new accounting rule for loan losses will affect reserves, earnings and capital. ... Read full article

The Los Angeles bank will take a $1.4 million hit to earnings after the multifamily properties sold for less than their book value. ... Read full article

Christopher Becker will succeed Michael Vittorio in January. ... Read full article