What banks are doing about baas as regulators circle
American Banker
In-depth analysis, perspective and commentary on key issues affecting the banking industry.
Fintechs contend with banking-as-a-service fallout: Fintechs that jump ship to more stable sponsor banks need to prove they have a solid business and take compliance seriously.
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Smaller regionals brush off commercial real estate worries: Cullen/Frost in Texas, BankUnited in Florida and Bank OZK in Arkansas are among the banks that have, at least for now, allayed investors' fears about their exposure to the CRE sector.
First Citizens is retaining SVB clients, but cites 'headwinds' to growth: Ten months after the Raleigh, North Carolina-based First Citizens Bank acquired a large chunk of Silicon Valley Bank, it says it is seeing good progress in keeping and winning back the latter's former customers. But the ongoing slowdown in private equity and venture capital activity will challenge the unit's growth.
Capital One says credit deterioration has 'run its course:' The stable outlook is an indication that — at least for some lenders — the much-feared cycle of cardholders defaulting on their obligations in the wake of the COVID-19 pandemic may not turn out to be so bad.
Which women are moving the fintech industry forward through their leadership, ideas and advocacy? American Banker is?accepting applications for our second-annual Most Influential Women in Fintech awards. Fintech founders, VCs, consultants, attorneys and other women of influence are welcome to apply. Award recipients will be honored at the?Digital Banking Conference, June 24-25 in Boca Raton, Florida.
President and Senior Editor at THE GOLD CORNER
10 个月I feel that the regional ?? banks have done a disservice to investors! Their risk management services are abysmal to say the least! But now we see that many of the commercial banks like Bankamerica are becoming somewhat slow in adapting to new forces in the financial sector. As technology companies expand and grow it is necessary to offer new innovative forms of credit and support!