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New York officials still reaping millions from predatory lenders


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


Lian Duan, China Merchants Bank | Most Powerful Women: Next


"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, "you'd find one outlier, a lady about half the age of most of the others."


BankUnited in Fla. announces plan to boost annual profit by $60M


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


Deposit costs weigh on Signature Bank


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.


ConnectOne makes bold digital play with deal for online loan exchange


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


Former top New York regulator joins New York’s FinTech Innovation Lab


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


The specter of CECL looms over banks’ 1Q calls


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.


Preferred Bank to take 1Q hit on foreclosed Manhattan condos


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


First of Long Island taps insider as next CEO


Christopher Becker will succeed Michael Vittorio in January.


Amalgamated buys loan portfolio tied to energy efficiency projects


The bank gained $45 million in PACE financings, which let homeowners pay back the costs of efficiency projects over time.