New York Community faces scrutiny over multifamily, office loans
Analysts agree that the Long Island-based bank will probably absorb some losses due to its exposure to struggling segments of the commercial real estate market. But they differ on the extent of the likely damage.
West Virginia governor spars with bank over $300M debt
Carter Bankshares in Martinsville, Virginia, is attempting to exit a longstanding relationship with West Virginia Gov. Jim Justice through a seldom-used collections tool that was at the center of a court hearing this week.
Are mortgage servicers holding back assumption volume?
While mortgage assumptions are on the rise, so too are complaints leveled against mortgage servicers for how they handle the loans. A common refrain is that the companies are moving too slowly.
Speech: Jonathan McKernan, Director, FDIC Board of Directors, at ISDA’s Conference on Trading Book Capital: Basel III Implementation
SPEECH | DECEMBER 12, 2023 Jonathan McKernan, Director, FDIC Board of Directors, at ISDA’s Conference on Trading Book Capital: Basel III Implementation Thank you for this opportunity to speak with you all today. In my July dissent and in an October speech, I made the case that our Endgame proposal amounts to a big leap […]
Epic’s legal victory over Google isn’t a clear win for payment companies
A jury found the tech giant violated anti-monopoly rules by requiring in-house checkout for game makers such as Epic, which publishes Fortnite. Google and Apple may have to cut fees, but outside processors will be challenged to create a winning user experience.
20 community banks with the highest returns on average equity
The top five community banks averaged a return on average equity of 75.37% as of June 30, 2023.
Bank layoffs, Navy Federal news: Most-read stories of 2023
In this year’s roundup of top banking news for 2023: Navy Federal Credit Union joins the RTP network amid ongoing military contract woes, major banks across the U.S. announce staff cuts, regulators shutter Signature Bank and more.
Louisiana credit unions to merge into a $1 billion-asset institution
The combination of OnPath Federal Credit Union and Louisiana Federal Credit Union is the biggest credit union merger in the state’s history.
Citi wealth exec to depart in latest exit from unit
The change comes over massive overhaul as the mega bank seeks to build divison under Sieg.
TD shifts Wiggan to wealth unit as Rhodes exit spurs shakeup
Wiggan is taking the place of Ray Chun, who will run the Canadian personal banking division.