Blog Categories

Excerpt:
Banks and credit unions who have outstanding New York City taxi medallion loans are suffering due to the drops in the price of taxi medallions in the wake of disruption from ride-hailing apps such as Uber and Lyft. Many of these financial institutions have closed or been acquired
More..
Excerpt:
Big data is more than a buzzword to banks. Rhode Island-based Citizens Bank is just one regional institution that has used data scientists and analytics to build a platform which has enhanced bank earnings by targeting product offerings to customers in the market for them. In the future, fintechs with expertise in big data might make natural partners wanting to follow Citizens’ lead to generate deposits and loans
More..
Excerpt:
Banks Selling Nonperformers Lead to Cleaner Mergers
More..
Excerpt:
Competitive pressures and rising interest rates are affecting the interest rates banks offer on their savings products. Rates on the latter are climbing, which pressures banks' margins.
More..