John Reosti is a reporter covering community banks in particular and the financial services industry in general. He also focuses on the Small Business Administration, the National Credit Union Administration Board and issues connected to the CECL accounting standard.
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Acquisitions of wealth management, insurance, fintech and other firms are expected to pick up as banks seek new sources of fee income and look to improve digital capabilities.
January 27 -
The agency has 90 days to review files and reach decisions.
September 23 -
The Small Business Administration stopped approving loans when the Paycheck Protection Program hit its cap.
April 16 -
No online lenders are approved for the agency's traditional programs, but they could make loans under the COVID-19 stimulus package if they get special approval.
March 26 -
Washington Trust warned that it could lose $3 million in annual revenue after two top advisers left to join a brokerage firm. Other banks are facing similar hits.
November 8 -
It might seem unusual for an Old National Bancorp to lure away a regional executive from the much larger Fifth Third, but not in wealth management, where competitiveness can be as much about emphasis as size.
July 5 -
The hit smartphone game Pokémon Go taught banks a lesson in mobile strategy this week: gamify it.
July 18 -
Banks and credit unions have traded barbs for years with much of the banks' discontent aimed at credit unions' tax exemption.
August 31
