Valley’s $400M capital raise accelerates pivot away from CRE
The added capital will help the New Jersey-based regional bank reduce its commercial real estate footprint faster and give it wiggle room to grow elsewhere, analysts said.
Ally Financial weighs sale of credit card business
A sale would mark a swift retreat from the intensely competitive credit card business, where Ally competes with giant players such as Capital One.
Fed: Elevated asset valuations could threaten financial stability
In its latest financial stability report, the Federal Reserve warned high equity valuations and low levels of liquidity could leave the financial system vulnerable to shocks.
A small-dollar business lending scheme finds a niche at Huntington
The Columbus, Ohio-based regional launched Lift Local Business in October 2020 with a $25 million ceiling. Four years and $133 million later, the program is still going strong.