Webster Financial on Tuesday reported a steep rise in nonperforming loans and leases, but executives said the double-digit increase does not signal widespread credit problems ahead. Instead, the first-quarter surge in default loans and leases — which are up 53% year-over-year — involves just five credits, four in the commercial-and-industrial loan book and one in
For years, both Fifth Third and Huntington have been eyeing growth opportunities outside of their home bases in the Midwest.Bloomberg Higher-for-longer interest rates are dampening commercial loan demand at regional banks, but Texas expansions are helping two midsize lenders, Fifth Third Bancorp and Huntington Bancshares , to lasso middle-market clients. The Ohio-based banks are seeing
New York Community Bancorp’s latest leadership revamp did little to quell investors’ worries about the Long Island-based bank, as its stock price fell nearly 26% after a flurry of announcements that started late Thursday. The company said early Friday that it has filled gaps in its executive ranks by hiring a new chief risk officer
The turmoil at New York Community Bancorp continued on Wednesday, as the Long Island-based lender announced a leadership shakeup after a sharp sell-off in its shares. The appointment of Alessandro DiNello, the former president and CEO of Flagstar Bancorp, as executive chairman came just hours after New York Community sought to reassure investors about the