07/13/2023
Banks are fighting to keep deposits. At what cost?
That scramble pushed rates on savings accounts to 5.05% at the end of the second quarter, according to Bankrate, their steepest level since February 2008.
Retail Banking
07/10/2023
Banks, credit unions join in push for racially equitable underwriting
The collaboration, Underwriting for Racial Justice, aims to create new lending criteria for lower-income U.S. borrowers who have historically faced higher barriers to obtaining financing.
06/29/2023
Wells Fargo backs $70m fund to help underserved SMEs access credit
According to Hello Alice data, only 25% of small business owners have applied for a business credit card, and 85% of those applications were denied due to poor credit or lack of credit.
06/28/2023
American National Bank of Texas Expands Opportunities and Access to Affordable Homeownership
Ignite Home Loan Program, ongoing education series and new mortgage loan office in Cedar Hill provide support to local communities
06/28/2023
Gateway First Bank Named Top Performing Bank by American Banker
Banks with assets between $2 billion and $10 billion were ranked based on their three-year average return on average equity.
06/08/2023
Bank of America CEO says higher capital ratios would hurt lending capacity
U.S. regulators, led by the Federal Reserve, are expected to unveil the proposed tougher requirements by the end of this month, according to this source, who spoke on condition of anonymity.
06/05/2023
US Banking System Will Lose Massive Chunks of Wealth From American Businesses Seeking Yield: Arthur Hayes
The US banking system now has a total of $17.15 trillion in deposits, compared to $18.03 trillion one year ago.
05/29/2023
US bank lending and deposits rise amid signs of stable credit
Commercial bank lending jumps to three-week high at $10.4 billion, according to latest data
05/29/2023
Canada’s big banks log 13-fold rise in loan loss provisions
North American commercial real estate lenders prepare for increase in defaults as economic outlook darkens
05/22/2023
Canadian banks see earnings risk from commercial property loans, TD in focus
Still, investors view Canadian banks as safer bets than their U.S. counterparts due to their strong capital levels.
04/26/2023
More bank jitters as First Republic probes asset sales, 'bad bank' options: source
Plans to shrink balance sheet and explore options
04/25/2023
First Republic Exodus Continues as $13B Mega Team Leaves for Chicago RIA
Cresset Asset Management has lured a high-producing team that had joined First Republic in 2015 by way of a $115 million acquisition.
04/24/2023
Lending Slow, but Small Banks Stable
Banks are potentially more cautious to give out loans after the collapse of Silicon Valley Bank and Signature Bank
04/12/2023
TD Asset Management Inc. and Epoch Investment Partners, Inc. launch 'TD Global Investment Solutions'
New global identity brings together combined asset management capabilities to the global investing community
03/27/2023
TD Bank Deepens Impact in Philadelphia with $2.5 Million in Charitable Giving
This investment further illustrates TD’s focus on deepening its support of communities of color across Philadelphia.
03/27/2023
First Citizens to Buy SVB After Biggest Bank Failure Since 2008
SVB Private Wealth, with about $16 billion in assets, is part of the First Citizens' "whole bank purchase" of Silicon Valley Bank.
03/27/2023
TBC Bank wins Best Bank award by Global Finance
This excellent achievement highlights the strength of our market leading franchise in Georgia
03/23/2023
U.S. Bank Expands Client Offerings in Europe With New ETF Servicing Capability, Secures First ETF European Client
U.S. Bank will provide clients with a holistic suite of offerings, including fund administration, transfer agency, depositary and global custody solutions, as well as a number of specialized European exchange-traded fund services.
03/03/2023
WesBanco Again Named One of America's Best Employers by Forbes
Forbes and Statista selected the America's Best Employers 2023 through an independent survey applied to a vast sample of approximately 45,000 American employees working for companies with more than 1,000 employees in America.
03/02/2023
U.S. Bancorp Invests in Digital Assets Fintech, Ownera
Our goal is to provide our capital markets clients a more streamlined experience, helping them save time and money, all while experiencing unprecedented transparency