The Pittsburgh bank posted a solid profit and said that it expects continued loan growth. But the pace of business expansion could slow alongside an economic downturn.

Signature Bank of New York is pulling back from crypto deposits and has increased borrowings from the Federal Home Loan Bank of New York.

Analysts questioned whether the reductions could have a negative impact in terms of scale, but executives said the move has financial advantages — more so than its correspondent exit.

The impact of a weakening economy on quarterly performance will become clearer by the second week of January as banks begin to report fourth-quarter earnings.

Proceeds from the sales, which might not be the last, will pay down a personal loan secured by Nima Ghamsari's holdings.

NYSE American accepted the mortgage company's plan to resolve an existing concern but its persistent losses raised a new issue.

A combination of fewer mortgage originations and investment losses for some companies contributed to declines.

The non-qualified mortgage lender lost $13 million in the quarter, a slight improvement over the previous period.

The company experienced further declines in production volume but reported an intra-quarter improvement in its gain on the sale of loans.

The company was profitable on a net basis but took a comprehensive loss linked to market volatility's effect on mortgage bonds.