Breaking Banks: Small-business fintech around the globe
From digital lending solutions for U.S. community banks to Sharia-compliant finance in Africa American Banker: Feed
Author Archives: kckaz
Improving loan performance sparks renewed calls for FHA premium cut
The delinquency rate of Federal Housing Administration-insured mortgages fell to a historic low in the first quarter, fueling more calls for a reduction in the agency’s annual premium. American Banker: Feed
Does MoneyGram sale to Chinese firm pose cyber, AML risks?
The Trump administration must weigh risks to national security in its review of the $ 1.2 billion deal. Its decision will shed light on whether – given the president’s “America First” rhetoric – Chinese investment is still welcome in the U.S. financial services sector. American Banker: Feed
rue21 Files Chapter 11; To Focus on Best Performing Stores
Another teen specialty apparel retailer, rue21 Inc., has filed for chapter 11 bankruptcy reorganization. Last month, rue21 began the process of closing approximately 400 underperforming stores in its 1,179 store fleet in order to streamline operations. The locations were identified as unprofitable, underperforming, or not a strategic fit going forward. rue21 hired Gordon Brothers Retail
Office Lease Up (May 15) F5 Networks Preleases 48-Story Office Tower
F5 Networks, Inc. a computer and data processing company, signed a 14.5-year office lease for 515,000 square feet at the in-development office tower rising at 801 5th Ave. in Seattle, WA. The 48-story, 528,000-square-foot office building will sit atop the 19-story SLS Hotel with F5 Networks occupying floors 20 thru 48. Construction is expected to
Talk of Glass-Steagall reboot ignores this reality about C&I lending
Restricting banking organizations’ lines of business would hurt their ability to compete in a constantly evolving financial system and to serve as sources of strength. American Banker: Feed
Customers want humans, not chatbots, to resolve customer service issues
Juniper Research predicts that the use of chatbots will save organizations more than $ 8billion a year by 2020, but at what risk to the customer experience? BizReport
New fake-accounts tally surfaces; Wells Fargo disputes it
Wells Fargo may have opened as many as 3.5 million fraudulent accounts in the last 15 years, according to consumers who are trying to beef up a settlement with the bank over abusive sales practices. American Banker: Feed
Cross-selling isn’t dead and other takeaways from Wells Fargo’s investor day
Executives at the embattled bank made clear Thursday that they are not discarding its long-standing strategy of selling additional products to existing customers. American Banker: Feed
Want to beat the slump in C&I loans? Find your niche
The post-election rise in business optimism has not yet resulted in a stronger demand for loans, if the first quarter was any indication. What does that mean for regional banks? American Banker: Feed