AI advancements are enabling lenders to better predict residual values, a boon for the equipment finance industry as machines become increasingly tech heavy. The global market for AI in…
Read more AI paves way for equipment lenders to predict residual valuesVine Financial, a commercial lending accelerator for banks and credit unions, has enhanced its AI-powered platform to analyze additional financial statements, helping lenders make faster, more accurate credit…
Read more Vine Financial expands AI lending platform to read more financial statementsCommercial lending has lagged behind other bank processes in terms of digitalization. AI-driven commercial lending accelerator Vine Financial Chief Executive David Eads told Bank Automation News that…
Read more Transactions: Crest Savings Bank taps Vine for AI-driven commercial lendingCommercial lending has lagged behind other bank processes in terms of digitalization. AI-driven commercial lending accelerator Vine Financial Chief Executive David Eads told Bank Automation News that…
Read more Transactions: Crest Savings Bank taps Vine for AI-driven commercial lending – FinAi NewsSpace for rent inside of the Penn 2 building in New York City in May 2024. Vornado Realty Trust paused parts of its massive redevelopment plan to remake…
Read more Banks may see higher office loan losses than they expect: Moody’sThere’s a disconnect right now between jittery investors’ perceptions of banks’ commercial real estate exposures and the same banks’ confident assertions about those portfolios. And it’s showing no…
Read more Regional banks are locked in a battle of perception over CREEarlier this month, Eagle Bancorp in Bethesda, Maryland, filed a shelf registration statement that would allow it to raise up to $150 million. Eagle Bancorp in Bethesda, Maryland,…
Read more Eagle in Maryland gains ‘flexibility’ to raise capital after lossNew York Community Bancorp’s new management team has plotted out a path to improved profitability, but they say 2024 will be a “transition year.” It remains to be…
Read more NYCB lays out revised strategy while warning of more near-term painFor years, both Fifth Third and Huntington have been eyeing growth opportunities outside of their home bases in the Midwest.Bloomberg Higher-for-longer interest rates are dampening commercial loan demand…
Read more Ohio banks say ‘Howdy’ to commercial loan opportunities in TexasBank of America’s credit card losses hit their highest levels since before the pandemic in the first quarter, the company reported Tuesday.Angus Mordant/Bloomberg Though Bank of America’s profits…
Read more Bank of America hurt by rising losses in credit cards, office loansThe Federal Reserve on Wednesday indicated that interest rates could be coming down this year. The KBW Nasdaq Bank Index rose more than 2% for the day and…
Read more Why bank stocks still have plenty of upsideNew York Community Bancorp’s latest leadership revamp did little to quell investors’ worries about the Long Island-based bank, as its stock price fell nearly 26% after a flurry…
Read more NYCB’s new risk team fails to calm investors, ratings firmsNew York Community Bancorp, which had $116.3 billion of assets at the end of last year, grew substantially through its acquisitions of Flagstar Bancorp and the failed Signature…
Read more Concerns about New York Community mount after chief risk officer’s exitExecutives at Cullen/Frost Bankers, Bank OZK and BankUnited have all made favorable comments recently about credit quality in their banks’ commercial real estate portfolios.Adobe Stock As investors fret…
Read more Smaller regionals brush off commercial real estate worriesExecutives at First Citizens BancShares pointed Friday to several positives following its March 2023 acquisition of the failed Silicon Valley Bank. At the same time, they warned of…
Read more First Citizens is retaining SVB clients, but cites ‘headwinds’ to growthEnjoy complimentary access to top ideas and insights — selected by our editors. Bank of America said Monday that it will need to “de-designate” interest-rate swaps and reclassify…
Read more Bank of America takes temporary $1.6B hit over use of short-lived rateDespite a credit-quality issue vexing Bancorp 34, its $28 million merger with another Arizona banking company — CBOA Financial — is on track for completion in the first…
Read more Troubled CRE loan delays merger plans for Arizona banksHuntington Bancshares’ entry into Native American financial services is an outgrowth of its 2021 acquisition of TCF Financial, which expanded the bank’s footprint into Minnesota and Colorado.Emily Elconin/Bloomberg…
Read more Huntington targets Carolinas for commercial banking pushA Bloomberg spokesperson said the discontinuation of BSBY, which lagged in the race to succeed the defunct Libor rate, was the result of the “limited” commercial opportunities.Adobe Stock…
Read more RIP BSBY: Bloomberg to shut down its lagging Libor replacementDuring the third quarter, net charge-offs rose to 0.11% of average loans at the regional and community banks that Stephens Inc. covers, up from 0.04% a year earlier.…
Read more Early cracks start to show in banks’ commercial loans
