Banking's Summer of Slip-Ups

MORE FROM AMERICAN BANKER

Federal Reserve

Fed warns of liquidity strains for stocks and bonds

In its latest financial stability report, the Federal Reserve found that asset prices continue to exceed underlying fundamentals and leverage levels remain high, especially by hedge funds.

By Kyle Campbell

April 25
Consumer lending

CFPB drops suit against auto lender Credit Acceptance

The Consumer Financial Protection Bureau's exit from a suit jointly filed with the New York attorney general's office narrows a major subprime lending case.

By Ebrima Santos Sanneh

April 25
Payments

Klarna's U.S. ambitions get a hand from eBay

Even with its IPO on ice, the Swedish buy now/pay later lender is building a base of high-profile distribution partners.

By Joey Pizzolato

April 25
Community banking

Eastern in Boston strikes deal for crosstown rival

The acquisition of the $5.7 billion-asset HarborOne Bancorp would be Eastern's third purchase of a Boston-area bank in the last five years.

By John Reosti

April 25
Industry News

Ranjana Clark joins Texas Capital's board of directors

Ranjana Clark is the newest member of Texas Capital Bancshares' board of directors; Minnesota's Wings Credit Union and Colorado's Ent Credit Union are merging; Regions Bank adds Angela Santone to its C-suite; and more in this week's banking news roundup.

By Editorial Staff

April 25
Earnings

Flagstar pins the success of its turnaround on C&I growth

The Long Island-based regional bank, which reported another quarterly loss Friday, continues to hire in the commercial-and-industrial lending sphere as it seeks to diversify its commercial real estate-heavy business.

By Allissa Kline

April 25