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Advanced Search Results For "finance"

1 - 10 of 39,043 results for
 "finance"
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Oportun begins transformation after buying challenger bank Digit.

Publication Type:Periodical

Source(s):American Banker. 12/30/2021, Vol. 186 Issue 249, p4-6. 3p.

Abstract:December 28, 2021 Now that the online lender Oportun has completed its acquisition of the challenger bank Digit, the two teams are beginning the work of a phased integration and building a neobank that they hope will stand out from the competition with...

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FHFA veteran reflects on 20 turbulent years in housing finance.

Publication Type:Periodical

Source(s):American Banker. 6/9/2021, Vol. 186 Issue 109, p5-7. 3p.

Abstract:FHFA experience with directing the enterprises to undertake programs for financial displacements such as in 2008 or natural disasters had come together into a "tool kit" that put FHFA and the firms in a very good position for dealing with the current C...

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Fed bans former Golden Pacific investor from banking industry.

Publication Type:Periodical

Source(s):American Banker. 6/27/2022, p2-2. 1p.

Abstract:Klessig "falsely represented that he had obtained a loanto finance his purchase of a controlling interest inGolden Pacific Bancorp", the Fed said. Karl K. Klessig provided a fraudulent loan document andforged a signature in an application last year to ...

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With fee income down, Truist counts on revenue boost from higher rates.

Publication Type:Periodical

Source(s):American Banker. 4/21/2022, Vol. 187 Issue 76, p6-7. 2p.

Abstract:COMMERCIAL BANKING Just last summer, Truist Financial was leaning into fee income to counter margin pressure. Fee income, along with revenue, declined from the year-earlier period, driven down by market volatility that produced weaker-than-expected inv...

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Thompson says FHFA is preparing GSEs for end of conservatorship.

Publication Type:Periodical

Source(s):American Banker. 4/5/2022, Vol. 187 Issue 65, p5-6. 2p.

Abstract:April 01, 2022 The Federal Housing Finance Agency is preparing the government-sponsored enterprises for life after conservatorship, acting director Sandra Thompson said Thursday. Thompson said the FHFA will seek to clarify the relationship between the ...

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Fintech startup Zeta raises $30 million, teams with Mastercard.

Publication Type:Periodical

Source(s):American Banker. 3/9/2022, Vol. 187 Issue 46, p9-10. 2p.

Abstract:Such digitization is difficult on legacy banking technologies, but newer startups like Zeta have hastened internet banking and credit card services, he said. FINTECH By Saritha Rai, Bloomberg News March 07, 2022 Zeta Services, a banking and credit card...

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The Bancorp aims to fill gap in financing for funeral homes.

Publication Type:Periodical

Source(s):American Banker. 3/4/2022, Vol. 187 Issue 43, p8-9. 2p.

Abstract:March 02, 2022 The Bancorp in Wilmington, Delaware, has already carved a niche for itself lending to funeral homes. While there are currently no plans in the works to offer other industry-specific lending products, the company is "always looking at str...

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Is BBVA’s shutdown of Simple a bad sign for bank-fintech mergers?

Publication Type:Periodical

Source(s):American Banker. 6/3/2021, Vol. 186 Issue 105, p6-8. 3p.

Abstract:But when BBVA USA recently shut down Simple and tried to switch Monacelli to a BBVA account, he compared the two accounts and disliked the interest rates, overdraft fees and ATM fees on the BBVA account. When fintech acquisitions can work Despite BBVA'...

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M&T warns on commercial exposure, gives thumbs-up on consumer loans.

Publication Type:Periodical

Source(s):American Banker. 7/21/2022, p9-9. 1p.

Abstract:The Buffalo, New York, bank flagged urban hotels and constructionprojects as potential sources of trouble. During the fourth quarter of 2020,the bank recorded a large jump in nonaccrual loans, and about 80% ofthe increase was tied to hotel loans. [Extr...

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Treasury's Liang says reining in stablecoins is harder without a federal payments regulator.

Publication Type:Periodical

Source(s):American Banker. 7/20/2022, p1-1. 1p.

Abstract:The comments from the agency's under secretary for domestic finance came as it issued a request for feedback on the risks and opportunities of digital assets. [ABSTRACT FROM AUTHOR]

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