News Topic: new york

Credit card issuers would have to set aside more in reserves because of higher loss histories, according to research by Keefe, Bruyette & Woods on the impact of the new loan-loss standard. ... Read full article

The New York company will add $504 million of asset-based and equipment-finance loans as part of the acquisition. ... Read full article

Provident's investment adviser unit will have nearly $3 billion in assets under management after it buys Tirschwell & Loewy. ... Read full article

The company will pay $93 million for Kinderhook Bank, which has a concentrations of branches around Albany. ... Read full article

Executives at Key pushed back against doubts over a deal for Laurel Road Bank’s digital lending platform so late in the credit cycle, arguing that its customers are prime borrowers with high incomes. ... Read full article

The company owning brands such as Kay Jewelers and Jared the Galleria of Jewelry will pay $11 million under a settlement with the consumer bureau and New York's attorney general. ... Read full article

The company's fourth-quarter results were also stymied by costs tied to severance and litigation, along with investments in technology. ... Read full article

The tricky part: raising awareness without appearing to take advantage of borrowers at a time when agencies like the SBA are out of commission. ... Read full article

The number of states not allowing surcharging on credit card purchases continues to dwindle, as New York now gives merchants the option to charge fees as long as they make the costs clear to consumers. ... Read full article

Selling $1.6 billion in mortgages, and paying off a similar amount of wholesale borrowings, will allow the company to expand its net interest margin in 2019. ... Read full article

New York legislators are pledging to change laws that have allowed predatory lenders to use the state court system to seize the assets of thousands of small businesses across the country. ... Read full article

Attorney General Barbara Underwood’s office is looking into whether merchant cash-advance companies engaged in fraud or abused the state court system. ... Read full article

Challenges will likely increase as interest rates rise and investors grow more concerned about a downward turn in the economic cycle. ... Read full article

The move allows the New York multifamily lender to make more loans without having to raise capital. ... Read full article

Tepid loan and deposit growth has been a persistent theme in 2018, but that could soon change for community and regional banks in the New York and Washington markets. ... Read full article

The mutual holding company received regulatory approval to form a limited-purpose commercial bank, allowing it to work around a state law barring mutuals from working with municipalities. ... Read full article

Paul Aguggia, a lawyer before leading Clifton Bancorp, has become a partner at Holland & Knight in New York. ... Read full article

Strong growth in the bank's core business of multifamily lending was offset by higher rates it paid on CDs and borrowed funds. ... Read full article