Banking Industry Newsfeeds

PPP spotlights shortcomings in credit unions' small-business push

Friday, July 10, 2020

For all banks' claims that credit unions pose a threat to their commercial lending market share, they've accounted for just 2% of volume in the Paycheck Protection Program.

Wells Fargo expands nonconforming jumbo refi loan criteria

Friday, July 10, 2020

However, those who aren't current bank customers need to have $1 million in a qualifying account.

Senate Banking Committee to consider controversial Fed board pick

Friday, July 10, 2020

The panel later this month will vote on the nomination of Judy Shelton, whose views on certain policy issues have met with skepticism from both Democrats and Republicans.

Banks seek more fintech help for PPP's next phase

Friday, July 10, 2020

After tech firms assisted community bankers in processing applications in the Paycheck Protection Program, small-business lenders are continuing to engage with cloud providers and other outside companies to automate the loan forgiveness process.

Tennessee bank merger to create $1 billion-asset lender

Friday, July 10, 2020

Citizens Bancorp Investment has agreed to buy American Bancshares in a deal expected to close later this year.

As mortgage woes return, lessons from last crisis come to light

Friday, July 10, 2020

A subprime-related settlement between the government and Deutsche Bank provided meaningful benefits to some U.S. consumers in need, according to a new report. But the author acknowledged that those gains could prove illusory for some consumers given the coronavirus crisis.

Don’t weaken the G-SIB surcharge

Friday, July 10, 2020

The Fed has already eased certain capital requirements in response to the coronavirus pandemic. It should avoid making any further adjustments to the surcharge, which is meant to keep global banks from creating systemic risks.

Leader of North Dakota bank abruptly resigns

Friday, July 10, 2020

BNCCORP named an interim CEO as it looks for a permanent successor for Timothy Franz.

Wells mulling job cuts; Supreme Court to hear Fannie, Freddie case

Friday, July 10, 2020

The bank is expected to report a small net profit for the second quarter next week; shareholders are challenging the government's 2012 decision to appropriate nearly all of the agencies' profits.

Village Bank in Virginia selects insider as next CEO

Thursday, July 9, 2020

Jay Hendricks, the company's chief operating officer, will succeed William Foster in August.

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