Andrew Spitzer

Director

TRENDING

Community banking

A Utah bank is gone after 16 years of losses. Why did it survive so long?

Liberty Bank in Salt Lake City had been "structurally unprofitable" since 2008, according to its regulators. Experts criticized the FDIC for allowing the bank's demise to play out in slow motion.

By Polo Rocha

7h ago
Commercial banking

CRE focus 'unsustainable,' Valley National CEO says in strategy shift

The New York-based bank says it will push its concentration of commercial real estate loans below 400% of risk-based capital over the next two years and focus more on C&I.

By John Reosti

8h ago
Industry News

Capital One profit misses estimates as loan write-offs climb

Capital One, like Discover, is showing signs of greater stress in its loan portfolio. Credit-card write-offs totaled $2.2 billion in the first quarter, a 61% increase from a year earlier.

By Paige Smith, Bloomberg News

10h ago