Tag: lending

November 28, 2023

Launching this month, the bank has allocated $150 million (AUD 227 million) to lend between $6.6 million and $19.8 million to late stage venture capital-backed companies operating in the technology and new economy sectors. Venture debt forms an attractive alternative […]

November 27, 2023

The review reveals how “downside surprises” inspired by the current macro-financial environment are weighing heavily on residential and commercial real estate markets in the euro area. This is primarily in the form of rising debt service costs. For residential real […]

November 7, 2023

The offering pairs “overlooked and underserved” founders and C-Suite executives with an OakNorth business partner, who will collaborate with the client to understand their business needs and goals, and provide tailored information on what the bank can offer. The product […]

November 2, 2023

The bank’s “long-term” shareholders, BBVA, Toscafund and Infinity Investment Partners, took part in the private capital raise. The trio of investors previously enabled the bank to secure £105 million in funding last year across two capital raises. Atom says the […]

October 3, 2023

On September 19, 2023, the Consumer Financial Protection Bureau (CFPB) issued a Consumer Protection Circular, “Adverse Action Notification Requirements and the Proper Use of the CFPB’s Sample Forms Provided in Regulation B” (Guidance), concerning lenders’ obligations when using artificial intelligence […]

September 20, 2023

Community banks have long played a pivotal role in supporting small businesses, providing the necessary capital for local entrepreneurs growing or expanding their ventures. It is estimated that community banks account for approximately 60% of small business loans, according to […]

September 19, 2023

Morgan Stanley was hit with a $750 million lawsuit Monday by private-equity firms alleging fraud related to their investment in Brightline Holdings, a high-speed rail company. The lawsuit, filed in Manhattan by affiliates of Certares Management and Knighthead Capital Management, […]

July 25, 2023

Today’s elevated interest-rate environment is challenging banks with managing their interest-rate risk while meeting the needs of their customers, especially commercial borrowers. With interest rates constantly fluctuating, navigating these complexities to stay competitive and protect relationships may seem difficult. But […]

May 18, 2023

Digitization has altered the business lending landscape and created competitive pressure that will continue to push solutions modernization — and consumers and businesses are ready. Digital efficiency here is key and underpins lending success. Most importantly, it improves consumer retention, […]

May 4, 2023

U.S. Bancorp (NYSE: USB) announced it has increased its prime lending rate to 8.25 percent from 8.00 percent, at all U.S. Bank locations. The reference rate at all Union Bank locations will also increase to 8.25 percent from 8.00 percent. […]

March 10, 2023

In January, Q2 released the 2023 State of Commercial Banking Report, which analyzed data from Q2’s PrecisionLender proprietary database that includes commercial relationships from more than 150 banks and credit unions throughout the United States, along with other sources. Report […]

October 12, 2022

The bank says customers can now transfer data directly through an API from their accounting software package “with a few clicks”, and they also have the option to upload their data through a user interface (UI). Digital RF automatically generates […]

September 28, 2022

If your bank has not modernized its fairness practices, the old ways of doing fair lending compliance may no longer keep you safe. Here are three factors that make this moment in time uniquely risky for lenders when it comes […]

September 22, 2022

U.S. Bancorp (NYSE: USB) announced it has increased its prime lending rate to 6.25 percent from 5.50 percent, effective tomorrow, September 22, 2022, at all U.S. Bank locations. About U.S. Bancorp: U.S. Bancorp, with approximately 70,000 employees and $591 billion […]

July 18, 2022

The firm says the deal will boost the growth of its retail and commercial businesses “while also improving the geographic balance of its business in Australia”. The acquisition includes around $32 billion in home loans, $30 billion in deposits and […]

May 10, 2022

Community banks find themselves in a high-pressure lending environment, as businesses rebound from the depths of the pandemic and grapple with inflation levels that have not been seen for 40 years. This economic landscape has created ample opportunity for growth […]

March 11, 2022

At the core of the partnership is an agreement to “go-to-market jointly to launch credit cards with issuers worldwide on Zeta’s modern, cloud-native, and fully API-ready credit processing stack”. The payments giant has also invested $30 million, alongside other investors, […]

October 1, 2021

In a long career focused on credit risk, I’ve never found myself saying that the industry’s biggest lending challenge is finding loans to make. But no one can ignore the lackluster and even declining demand for new loans pervading most […]

July 23, 2021

Corporate banking makes up nearly a third of the average bank’s total lending operations. So, it is surprising that institutions don’t consider it among their core banking activities, especially given the need to digitize their front and back-end processes. Corporate […]

March 29, 2021

The firm, launched in 2016, provides loans of up to $25,000 to foreign nationals in the US at what it calls “better rates” than existing options. Stilt says it can get an update on loan applications within 24 hours. A […]