First Horizon without TD; Zions, Webster, Old National
American Banker
In-depth analysis, perspective and commentary on key issues affecting the banking industry.
First Horizon navigates TD deal's demise, but big tech investments loom: The Tennessee-based bank was forced to keep operating on its own after a proposed acquisition was called off. Months later, First Horizon Bank has picked up new customers and improved its profitability, but investors remain cautious amid plans for catch-up spending on technology.
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Zions confident in credit, despite commercial real estate risk: The Salt Lake City-based Zions Bancorporation said that it doesn't expect to see major losses, even though the amount of problem loans in its portfolio rose at the end of 2023.
Webster Financial predicts loan growth of 5-7% in 2024: Several regional banks have projected minimal growth or even a decline in lending this year. But the Connecticut-based Webster Bank is bullish based on its pipeline of nonoffice commercial real estate, public finance and other credits, CEO John Ciulla says.
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Why the venture capital forecast looks brighter for payments firms: Fintechs' venture capital funding began to evaporate last year, while payments startups fared somewhat better by emphasizing quicker pathways to profits. It's a trend experts say is likely to persist this year as investors remain more cautious about costly or long-term plays.
Old National on track to close CapStar deal, expand in Nashville: The Indiana bank is "on offense by continuing to invest in new client-facing and key support talent and being ready and opportunistic for acquisitions," CEO Jim Ryan says.
Opinions on the banking sector from BankThink: If bank capital has to be higher, let's regulate nonbanks; I was a Fortune 500 treasurer; to me, the Basel endgame looks ominous; Letter to the editor: Banning medical debt from credit reports will benefit everyone
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