Throughout their history, mid-sized banks have served as a lifeline for local businesses across America. These financial institutions (FIs) — including community banks, regional banks, digital-only banks and credit unions — foster deep customer-banker relationships with the small- to medium-sized businesses (SMBs) they know best,...
Double commercial property loan defaults are at their highest point in 10 years. And as the Financial Times (FT) reported Thursday (Nov. 7), this situation has raised worries that a lending practice known as “extend and pretending” is masking an increasing system risk. “They are...
Digital channels continue to gain adherents in financial services, as Truist Financial Corp.’s latest earnings results showed Monday (April 22). Earnings supplementals revealed that mobile app users were up 8% to 4.9 million year over year. Double-Digit Gains in Digital Transactions Digital transactions were 13%...
PNC Financial Services Group saw average commercial loans dip in the first quarter as businesses remained cautious about the macroeconomic environment. Overall, average loans decreased 1%. Within this, consumer loans declined less than 1%, while average commercial loans decreased 2%, the bank said in a...
December 17, 2024
Kimura Capital is reportedly closing its London-based trade finance business and returning money to investors. The company will continue its ventures in commodity logistics and sports management, but a proposed commodity hedge fund will not move forward, Bloomberg reported Tuesday (Dec. 17), citing unnamed sources. Kimura Capital did not immediately reply to PYMNTS’ request for comment. The company […]
November 07, 2024
Double commercial property loan defaults are at their highest point in 10 years. And as the Financial Times (FT) reported Thursday (Nov. 7), this situation has raised worries that a...
April 16, 2024
PNC Financial Services Group saw average commercial loans dip in the first quarter as businesses remained cautious about the macroeconomic environment. Overall, average loans decreased 1%. Within this, consumer loans...
February 05, 2024
Forvis has unveiled a platform designed to assist lenders with pricing commercial loans. The new LoanPricingPRO platform uses real-time metrics to help financial institutions manage and grow their loan portfolios and optimize...
