2021-02-03
Scott Ford is the new president of the 1,400-employeee wealth management unit that caters to affluent clientele of the Minneapolis company.
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2021-02-03
Community banks say Vizaline’s software, which converts property descriptions into images, helps them catch errors before they close real estate loans without resorting to expensive land surveys.
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2021-02-03
Vast Bank in Oklahoma is one of the first to allow customers to purchase digital currencies, a market that has proved lucrative for fintechs.
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2021-02-03
The decision comes after a decade in which several U.S.-based institutions elected to drop the words "credit union" from their branding.
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2021-02-03
Only 18% of businesses that received a Paycheck Protection Program or other loan from an online lender were satisfied with customer service, while 42% said they were dissatisfied.
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2021-02-03
The paucity of distressed-loan sales indicates that most bankers are confident about the underlying health of their portfolios even as the pandemic lingers and loss reserves remain elevated.
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2021-02-03
A group led by Stephen Gordon has received conditional approval from the Federal Deposit Insurance Corp. to open Genesis Bank.
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2021-02-03
A recent decision by Judge Jed Rakoff of the Southern District of New York highlights the risks faced by directors and officers of companies in financial distress who fail to undertake properly their duties to the company and its stakeholders.
Read More from: Bankruptcy Law Insights
2021-02-03
Canada’s fourth-largest bank is pressing ahead with big technology investments to cut costs and try to generate more revenue from existing customers, said Erminia Johannson, BMO’s head of personal and business banking for the U.S. and Canada.
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2021-02-03
The bank trade group called for lawmakers to revoke the industry’s tax exemption and suggested that credit union acquisitions of banks create a “brain drain” of local lending expertise that could slow any economic recovery.
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2021-02-03
The San Antonio-based company has promoted Paul Vincent to president of its banking unit. Neeraj Singh, previously chief risk officer for Citi’s U.S. consumer bank, has joined the parent company as chief risk officer.
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2021-02-03
Did you know that in Pennsylvania, you do NOT need a license to carry a firearm in order to purchase a gun? You don’t need a license to own a gun either. Finally, you don’t even need a license to keep a gun in your home or place of business.
Read More from: Young, Marr & Associates
2021-02-03
A voluntary effort to include more members of underepresented groups in the C-suite and on corporate boards would help banks avoid government mandates.
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2021-02-03
Citigroup’s incoming CEO, Jane Fraser, created a new global operating team aimed at improving accountability among its top executives, as the firm continues to address a litany of concerns raised by regulators last year.
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2021-02-03
The Miami bank, which called off a proposed sale to a credit union last year, recruited Ramon Rodriguez from City National Bank of Florida to oversee its local lending and global banking operations.
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2021-02-03
Bank of America pledged to add $10 billion to an affordable homeownership program through 2025, tripling its initial commitment.
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2021-02-03
The Los Angeles company agreed to buy $105 million of loans and a servicing portfolio that covers another $295 million in originations.
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