Associated in Green Bay gathers lending momentum, boosts margin
The Wisconsin banking company forecasted loan growth of 4% to 6% for the full year, driven by an expansion into new commercial and consumer credit lines as well as enduring economic strength in the Midwest.
PRESS RELEASE: FDIC Names Five New Members to Advisory Committee on Community Banking
PRESS RELEASE | APRIL 26, 2024 FDIC Names Five New Members to Advisory Committee on Community Banking May 2nd meeting to address a wide range of community banking issues WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today announced five new members of the agency’s Advisory Committee on Community Banking: Marlene Barkheimer, CEO, Farmers State […]
Bank branches need to balance new technology with personal service
Branches won’t succeed without significant investment in mobile and in-branch technology; but failing to invest in bankers themselves is just as big a problem.
‘Be your own champion:’ How hybrid work can empower careers
To build their executive presence in meetings and on video calls, junior employees should embrace flexible schedules — and possibly media training, Michelle Young of Worldpay and Anna Greenwald of MoneyGram International said at American Banker’s Payments Forum.
A Utah bank is gone after 16 years of losses. Why did it survive so long?
Liberty Bank in Salt Lake City had been “structurally unprofitable” since 2008, according to its regulators. Experts criticized the FDIC for allowing the bank’s demise to play out in slow motion.
CRE focus ‘unsustainable,’ Valley National CEO says in strategy shift
The New York-based bank says it will push its concentration of commercial real estate loans below 400% of risk-based capital over the next two years and focus more on C&I.
Capital One profit misses estimates as loan write-offs climb
Capital One, like Discover, is showing signs of greater stress in its loan portfolio. Credit-card write-offs totaled $2.2 billion in the first quarter, a 61% increase from a year earlier.
Anchorage Digital debuts crypto settlement network
The San Francisco-based firm’s Anchorage Digital Trusted Liquidity and Settlement network, better known as Atlas, will allow clients to settle a range of cryptocurrency transactions.
Bread Financial ‘feverishly’ preps for CFPB late-fee rule scenarios
Consumer spending slowed and charge-offs rose during the first quarter, but Bread Financial said a pending late-fee rule may not be as devastating to its revenue as the Columbus, Ohio-based firm initially feared.
Banks don’t talk about the energy AI guzzles. Here’s why they should.
Artificial intelligence models are energy hogs. Climate First Bank and UBS are among the very few trying to solve this problem.