Blog | SecureYields

Capital One profits fall 14% on higher credit costs, less fee income

By kckazJanuary 25, 2017UncategorizedCapital, Costs, Credit, fall, Higher, income, Less, Profits

Total loans rose 7%, but the provision for loan losses jumped 27% to $ 1.7 billion. American Banker: Feed

Hope Bancorp to buy U & I Financial in Seattle

By kckazJanuary 24, 2017UncategorizedBancorp, Financial, Hope, Seattle

The acquisition is the first for Hope since a transformative merger last year. American Banker: Feed

Ecommerce Roundup: As digital increases, so does fraud

By kckazJanuary 21, 2017UncategorizedDigital, Ecommerce, Fraud, increases, Roundup

While 2016 showed a marked increase in overall digital commerce, online and mobile buyers weren’t the only increases. One report indicates fraudulent purchase attempts are also on the up. BizReport

Loan growth, rising yields boost profits at Citizens Financial

By kckazJanuary 20, 2017UncategorizedBoost, Citizens, Financial, Growth, Loan, Profits, Rising, yields

Citizens Financial Group in Providence, R.I., reported bigger profits in the fourth quarter on the strength of loan growth and improvements in its loan yield. American Banker: Feed

SmartFinancial in Tenn. to conduct an IPO

By kckazJanuary 18, 2017Uncategorizedconduct, SmartFinancial, Tenn.

SmartFinancial in Knoxville, Tenn., is planning to conduct an initial public offering. American Banker: Feed

For First Horizon, bigger is better when scouting bank deals

By kckazJanuary 17, 2017UncategorizedBank, Better, bigger, Deals, First, Horizon, scouting

The company would prefer buying banks with $ 5 billion to $ 10 billion in assets unless it finds an appealing alternative in a strategic market such as Raleigh or Nashville. American Banker: Feed

Wells Fargo turns to cost cutting as scandal takes a financial toll

By kckazJanuary 16, 2017UncategorizedCost, cutting, Fargo, Financial, Scandal, takes, toll, turns, Wells

The San Francisco bank said Friday that it plans to close at least 400 branches over the next two years, part of an effort to reduce annual expenses by $ 2 billion. American Banker: Feed

Harvest Community in N.J. becomes first bank failure of new year

By kckazJanuary 14, 2017UncategorizedBank, Becomes, Community, Failure, First, Harvest, N.J., Year

The bank is first to fail in New Jersey since 2012. American Banker: Feed

Deloitte opens blockchain lab in New York to push for working prototypes

By kckazJanuary 13, 2017UncategorizedBlockchain, Deloitte, Opens, prototypes, Push, working, York

The goal of Deloitte’s new blockchain-focused lab in New York is to turn proofs of concepts into real solutions. American Banker: Feed

Embrace the Digital Mortgage as a Competitive Advantage

By kckazJanuary 9, 2017UncategorizedAdvantage, Competitive, Digital, Embrace, Mortgage

Nondepository lenders are beating their bank competitors when it comes to both digital innovation and market share in the mortgage industry. As interest rates rise, banks will need to move toward electronic closings and adopt other innovations if they want to stay competitive. American Banker