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Today: Jun 13, 2024

The Big 20: Powerhouses in Commercial and Industrial Loans

1 min read

The top five banks and thrifts in the ranking have a combined commercial and industrial loan portfolio of over $1 trillion as of September 30, 2023.

One of the banks in the top 20 saw a 93.90% increase in their loans over the previous year.

Virgin Money has downsized and cut 150 jobs and 39 branches in 2024.

ACI Worldwide has been hired by the Central Bank of Nepal to build a payment switch for interoperable card payments for merchants.

Former Flagstar CEO Alessandro DiNello has been elevated to executive chairman at New York Community amid continuing turmoil.

Alliant Credit Union saw member growth increase by 22% year-over-year and a surge in fund levels after deploying a new deposit origination platform.

Car loan delinquencies are worsening, but executives at some large auto lenders remain confident in their customers’ ability to stay afloat.

NCUA Chair Todd Harper plans to mandate separate reporting of overdraft and nonsufficient funds fees for credit unions with over $1 billion in assets.