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Kristin Broughton

Reporter
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Corporate borrowers aren't ready just yet to pull the trigger on multimillion-dollar loans to buy fleets of trucks or scads of new inventory despite excitement about a more business-friendly Washington, lenders cautioned.
CIT Group's exit from its commercial air and reverse-mortgage-servicing businesses cost it heavily in the fourth quarter.
Umpqua Holdings in Portland, Ore., reported an increase in profits, as a spike in fees compensated for lower interest income.
Big increases in construction and commercial real estate lending boosted revenue at the Kansas City, Mo., company.
Associated Banc-Corp in Green Bay, Wis., reported a sharp increase in profits on a mix of higher fee income and lower credit costs.
Banks have started reconsidering how much they are willing to pay for low-income housing tax credits as expectations of a Trump tax cut surge, slowing down some projects already and threatening developers with heavier financing burdens.
Gov. Andrew Cuomo wants to give the state's banking regulator — one of the country's most aggressive — the power to ban "bad actors" from working in financial services, allowing it to step in when federal agencies refuse to act.
The bank formerly run by Steven Mnuchin, President-elect Donald Trumps' nominee to head the Treasury Department, allegedly used illegal practices in foreclosing on delinquent homeowners, according to a leaked 2013 memo from the California Attorney General’s Office.
U.S. Bancorp in Minneapolis has raised its expectations for its net interest margin in the fourth quarter, citing the recent increase in benchmark rates.
And that was only the beginning. Bank CEOs speaking in New York provided a long list of financial reforms that they would like to see under the incoming Trump administration.
Two consumer advocacy groups in California have accused CIT Group's OneWest Bank of failing to provide mortgages and other financial services in minority neighborhoods.
Steven Mnuchin is widely viewed as a top pick for Treasury secretary in the Trump administration. A Goldman Sachs alum, he is known as a successful change agent for his roles in the transformation of the failed IndyMac into OneWest and the revamping of CIT, but some community reinvestment advocates remain critical of him.
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