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These banks are nearing $100B of assets. What did they learn from NYCB?

American Banker

New York Community Bancorp took a massive loan-loss provision and slashed its dividend to meet tougher capital and liquidity requirements after rocketing by that asset mark. A half dozen regionals face tough questions about whether they're better prepared than NYCB, which had to be rescued.

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Alphabet Pulls The Plug On Digital Ballooning Venture Loon

PYMNTS

The company aimed to bring internet access to remote communities and low-income areas unable to afford the technology. The company worked alongside global aviation and communications regulators, devising ways “to safely fly a lighter-than-air vehicle for hundreds of days in the stratosphere to anywhere in the world,” Westgarth said.

New York 181
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Small Banks Vow To Protect Regulations Keeping Retailers And Tech Giants Off Their Turf

PYMNTS

Small banks do not want to compete with the Amazons and Walmarts of the world when it comes to offering financial services for clients — and as of today, they more or less are protected from having to do so by regulations that prevent banks’ holding companies from branching too far outside of core financial services businesses.

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Regulatory Environment Looking Brighter for New York Community

American Banker

The regulatory environment could be looking brighter for New York Community Bancorp as it is poised to cross an important regulatory threshold.

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CRE risk management: Navigating hazards and opportunities

Abrigo

WATCH Takeaway 1 Banks and credit unions are critical sources of capital for businesses in their communities, so how institutions assess CRE credits matters. But that might not be the best move for your financial institution or your community. Certainly, one asset class, the regional mall, is quite dead,” Kirby said.

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How Tough Will New York's Bank Regulator Be?

American Banker

Maria Vullo, still stuck in limbo as acting superintendent of the New York State Department of Financial Services, is hindered from putting her mark on the agency until she gets confirmed. So a quiet guessing game is going on about how her supervisory philosophy will compare with her predecessor Benjamin Lawsky.

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Uber Strikes Union Deal To Form NYC Driver Guild

PYMNTS

Uber is writing a new chapter in its estranged relationship with its driver community. The ride-hailing company has entered an agreement with a major union that allows its drivers to form an association in New York, which would help open dialogue between the company and its drivers.

New York 100