C&I loan growth is surging. Are private credit woes the driver?
The recent uptick in commercial-and-industrial lending is the result of disruption in the private credit sector, one economist argues. Bank analysts say the upheaval in private credit is one factor among many.
Eric Trump drops crypto firm that stockpiled World Liberty coins
The president’s son has seemingly cut ties with the digital asset fintech ALT5 Sigma, whose shares lost 90% of their value after purchasing the tokens.
CFPB finalizes a scaled-back small-business lending rule
The Consumer Financial Protection Bureau finalized a new version of a small-business lending rule that took 17 years to get over the finish line. Banks are still lobbying for the rule to be repealed.
Why bankers should read NY’s Uphold settlement closely
New York extracted $5 million and a broker registration from Uphold over its promotion of CredEarn, a yield product whose issuer collapsed in 2020.
Judge blasts Colony Ridge settlement, declines oversight
A federal judge harshly criticized the settlement of a civil suit between the Department of Justice and a Texas land developer.
Solid credit numbers boost Cullen/Frost’s bottom line
The San Antonio-based bank reported annual declines in net charge-offs and nonaccrual loans, extending a run of solid credit-quality trends at Texas-based regional banks.
Castlelake, Redwood form $8B jumbo mortgage venture
The partnership was designed to support the growth of Redwood’s Sequoia platform and give Castlelake purchasing power for fully documented loans.
PayPal’s new CEO shakes up the company amid an earnings slump
President and CEO Enrique Lores, who took the payment company’s top job in March, is looking to turn the company around with fresh talent and a renewed focus on what he says are the company’s fundamentals.
Freddie Mac earnings surge on net interest income, credit release
Growth in retained and investment portfolios drove gains as the government-sponsored enterprise reported the highest refinancing share seen in four years.
K-shaped economy amplifies rise in nonprime DTI ratios
Higher utilization and aggregate excess payments point to pressure, according to TransUnion. Debt-to-income averages remain below traditional mortgage caps.