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3 days ago · Read the latest on the banking & finance industries in the U.S. with award-winning analysis and in-depth reporting by American Banker.
American Banker Magazine
The mission of American Banker Magazine is to explore ideas. Our features, news articles, data, rankings and op-eds provide unique analysis of banking trends and strategies.
How USAA landed in regulators' hot seat | American Banker
Nov 21, 2024 · Amid steady customer growth, USAA's banking arm failed to make the investments necessary to satisfy either its regulators or some decades-long customers. Changes in the executive suite haven't fixed the problems.
15 most recent bank failures - American Banker
Oct 24, 2024 · Since 2019, 15 banks have failed, with five banks failing in 2023 alone. On October 18, 2024, First National Bank of Linday's demise marked the second bank failure of the year. The collapse raised questions about whether the failure was caused by errors at the bank or by economic issues that could affect other institutions.
Glossary of banking terms - American Banker
(1) Initials for asset-backed security. See asset-backed security. (2) The name for a convention used to express the rate of prepayments for an asset-backed security. ABS expresses principal prepayments as a percentage of the original number of loans or contracts in the pool of securitized loans ...
20 banks with the biggest commercial real estate loan portfolios
Jun 30, 2022 · The top five banks in our ranking had a combined commercial real estate portfolio of nearly half a billion dollars at the end of 2021. With several leaders growing by more than a third last year, others saw year-over-year increases of more than 120%. Scroll through to see which banks made the top 20 and how they fared in the 12 months ending in Dec. 31, 2021.
Mergers and acquisitions - American Banker
BNY announced expanded employee benefits and a boost in its minimum wage for all U.S.-based employees; Synovus has added former FIS executive Greg Montana to its executive board; National Bank Holdings sold off a fifth of its securities portfolio; and more in …
My Account - American Banker
From Donald Trump to Gunjan Kedia, Jerome Powell to Jamie Dimon, here are the politicians, bankers, regulators, tech execs, lobbyists and lawyers who will impact the industry this year (plus Taylor Swift).
FirstSun's HomeStreet deal is off. What happens now?
Nov 19, 2024 · Analysts say the deal's cancellation means the real estate-heavy HomeStreet is up for grabs for another buyer. The company's stock dropped in 2023 over fears of high interest rates putting pressure on its multifamily loan portfolio, prompting the bank to sign a …
JPMorganChase, Mastercard partner to boost B2B payments ...
Nov 22, 2024 · JPMorgan Chase and Mastercard are betting that a combination of scale, international networks and elements of cryptocurrency technology will smooth out some of these differences. The financial services giants can also place themselves in a prime competitive position against other banks and fintechs as speedy trade finance becomes a major competitive lure for B2B clients.