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News Stories (33 Results) - Banking

Fenergo, a provider of digital Client Lifecycle Management (CLM) solutions, announced the results of new research which reveals that slow and manual onboarding processes could lead to commercial and business banks individually losing $4.5 billion in... Read Story
October 24, 2019, 09:24 AM


For the 5,303 commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC), aggregate net income totaled $62.6 billion in second quarter 2019, an increase of $2.5 billion (4.1 percent) from a year earlier. The... Read Story
September 09, 2019, 08:00 AM


The California Senate voted almost unanimously to pass a bill that would allow banks and credit unions to accept deposits and provide other banking services from cannabis retailers.This bill, which was referred out of committee on May 16, passed the... Read Story
May 23, 2019, 09:00 AM


Mechanics Bank and Rabobank, N.A., a subsidiary of Rabobank Group, announced Mechanics Bank and Rabobank Group have entered into a definitive agreement pursuant to which Mechanics Bank will acquire Rabobank, N.A. in a strategic business combination... Read Story
March 18, 2019, 09:02 AM


Chemical Financial Corporation and TCF Financial Corporation announced the signing of a definitive agreement under which the companies will combine in an all-stock merger of equals transaction. Under the terms of the agreement, which was unanimously... Read Story
January 28, 2019, 07:25 AM


Most large banks said that providing Open Banking services for their commercial clients is a key strategic initiative in their digital transformation programs, and many expect Open Banking to help them achieve double-digit revenue growth, according... Read Story
December 03, 2018, 08:02 AM


As technology and ongoing competitive disruption force banks to reinvent themselves, the risk management function must undergo a revolution in risk management professionals balancing their roles and operating models, according to a new report... Read Story
November 20, 2018, 08:00 AM


Recently proposed changes to how regulatory capital and liquidity is managed and reported at U.S. large regional banks continues the bifurcation of regulatory relief between Global Systemically Important Banks (GSIBs) and smaller peers, says Fitch... Read Story
November 06, 2018, 07:00 AM


EU banks may need to hold significantly more capital for operational risk under the final version of Basel III reforms than under current requirements, while U.S. banks may see a reduction in requirements, Fitch Ratings says. This would bring... Read Story
October 26, 2018, 07:04 AM


Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported aggregate net income of $60.2 billion in the second quarter of 2018, up $12.1 billion (25.1 percent) from a year ago. The improvement in... Read Story
August 31, 2018, 08:02 AM


Axiom Bank, N.A., a community bank headquartered in Central Florida, recently acquired Dallas-based Allied Affiliated Funding, L.P. This acquisition adds a lender finance line of business, scalable factoring and an asset-based lending platform to... Read Story
August 24, 2018, 08:01 AM


WSFS Financial Corporation and Beneficial Bancorp, Inc. jointly announced the signing of a definitive agreement whereby WSFS will combine with Beneficial, in a transaction valued at approximately $1.5 billion.Concurrently with the acquisition... Read Story
August 09, 2018, 08:00 AM


Ninety percent of U.S. bank chief executives (CEOs) are very confident about the growth prospects for their companies over the next three years, with mergers and acquisitions (M&A) and third-party strategic alliances helping fuel this growth... Read Story
July 23, 2018, 07:21 AM


U.S. bank profits are projected to reach pre-crisis levels but CECL could slow overall balance sheet growth, according to a new report from S&P Global Market Intelligence that also questions the benefits of newly enacted tax reforms. S&P Global... Read Story
May 31, 2018, 08:02 AM


Competitive pressures from banks and nonbanks are contributing to easing in underwriting, increasing the risk that sound pricing structures and practices may be compromised, according to a new report from the Office of the Comptroller of the Currency... Read Story
May 29, 2018, 09:00 AM


The latest global bank rankings report from S&P Global Market Intelligence found that Chinese banks continued to expand in 2017, accounting for a fifth (18) of the world’s largest banks, collectively reporting $23.761 trillion in assets at the end of... Read Story
May 17, 2018, 08:00 AM


Digital innovation in financial services is placing a premium on efficiency and opening up competition that will continue to drive disruption across banking business segments, including payments, lending, capital markets and wealth management... Read Story
May 07, 2018, 08:00 AM


A new report from Accenture has found that many banks have not invested in the capabilities to verify the validity and accuracy of their data. According to the report, Banking Technology Vision 2018, banks have always held a large volume of... Read Story
April 24, 2018, 08:00 AM


Wells Fargo & Company has promoted James Trankle to lead its Nebraska commercial lending team. Based in Omaha, he reports to Grant Friesth, Central Division manager for Wells Fargo Middle Marking Banking. Trankle now oversees Wells Fargo’s local... Read Story
March 16, 2018, 07:22 AM


Meta Financial Group, Inc, the holding company for the federally chartered savings bank MetaBank, announced it has reached an agreement to acquire Crestmark Bancorp, Inc., the holding company for the Michigan state-chartered bank, Crestmark Bank, in... Read Story
January 10, 2018, 07:30 AM


Access National Bank announced that Roy L. Giese has joined Access National Bank as a Senior Vice President in the Commercial Lending division. Giese will be concentrating on Automotive Dealership Banking. Giese is a tenured automotive dealership... Read Story
December 21, 2017, 07:00 AM


The largest U.S. banks are keeping their exposure to the beleaguered retail sector in check, according to Fitch Ratings. The retail sector is unlikely to threaten the banks' ratings given their limited exposure, strong core earnings and healthy... Read Story
November 14, 2017, 07:44 AM


PwC US has appointed Neil Dhar, Partner, as the US firm’s head of Financial Services. In this role, Dhar will be responsible for overseeing the strategy and leadership of PwC’s US Financial Services practice which includes the Asset & Wealth... Read Story
October 23, 2017, 07:00 AM


Blumberg Capital's Annual FinTech Survey finds more than two-thirds of Americans are looking for banks to provide new FinTech solutions. Consumers remain loyal to big banks despite a majority of Americans believing that traditional financial... Read Story
October 12, 2017, 07:20 AM


State Bank Financial Corporation, the holding company for State Bank and Trust Company, announced that it has completed its previously announced merger with AloStar Bank of Commerce, for $197.6 million in cash.  The merger was completed on September... Read Story
October 02, 2017, 08:01 AM


Retail banks in the United States will spend $20.2 billion on hardware, software, services, and internal IT staff to develop and implement digital transformation (DX) initiatives in 2017, growing at an average compound annual growth rate (CAGR) of 22... Read Story
August 15, 2017, 09:00 AM


Putnam Funding, a boutique bank specializing in debt and equity funding for all commercial real estate, announced today that it is ringing in the new year with several new lending programs to serve its growing customer base.While Putnam will continue... Read Story
January 09, 2017, 07:38 AM


From the fourth quarter Phoenix Management "Lending Climate in America" Survey, results shows a positive outlook on the U.S. economy in both the near and long term. Lenders confidence on how they expect the U.S. economy to perform beyond the next 6... Read Story
December 19, 2016, 08:00 AM


Fortune magazine named U.S. Bancorp the most admired superregional bank today, the sixth consecutive year that it has topped the list.“Integrity and ethics are fundamental to how we do business," said Richard Davis, chairman and chief executive... Read Story
February 22, 2016, 07:42 AM


Independent Community Bankers of America® (ICBA) leadership said that recent public statements from Financial Accounting Standards Board (FASB) Chairman Russell Golden reflect a lack of understanding and disregard for community banks and a selective... Read Story
December 18, 2015, 08:23 AM


Catalysts are beginning to emerge that could prompt an increase in merger and acquisition activity in the U.S. banking sector over the immediate term, according to Fitch Ratings. The growing factors include higher stock values for healthy... Read Story
July 11, 2013, 07:22 AM


Reuters reported that U.S. banks have given a proposal to federal regulators on how to pay for restructuring the country's too-big-to-fail institutions in the event of a future crisis, the Wall Street Journal reported, citing people familiar with the... Read Story
June 24, 2013, 07:16 AM


Bloomberg reported the biggest U.S. banks including JPMorgan Chase & Co. and Citigroup Inc. are lending the smallest portion of their deposits in five years. The reports cites data compiled by Credit Suisse Group AG which shows the average... Read Story
February 21, 2013, 08:04 AM