Though Marlene Caride has no direct experience in the banking industry, she could play a key role in carrying out Governor-elect Phil Murphy’s pledge to create a public bank in the Garden State.
The Fed’s rate hike on Tuesday will raise bank's funding costs, serving as a stark reminder that a return to strong, broad-based business loan demand can’t come soon enough.
Bigger rivals are making inroads into small banks' bread-and-butter business line, yet the leaders of three community banks say they just need to keep doing what they do best — personal service — but work harder at it and incorporate new technology.
Women are not only less likely to be approved for loans than men, they are less inclined to apply for loans in the first place. Among the reasons: aversion to debt and fear of rejection, according to a new report.
The Small Business Credit Availability Act aims to double the debt-to-equity ratio for business development companies. Increased leverage could spur more lending to small and midsize borrowers.
Pat Hickman, CEO of Happy State Bank, wants his institution to remain viable in the face of stifling regulation. As for selling? That'll happen over his dead body, he says.
Amid the rise of online lending earlier this decade, banks were derided as being too slow to adapt. But over time it's become clear that banks hold key advantages over lending startups.
