South State Correspondent

FEBRUARY 18, 2024

We recently reviewed a loan term sheet from a national bank for a $13mm commercial real estate (CRE) loan. The bank offered a 25-year amortizing loan with a ten-year term and required the borrower to hedge its interest rate risk. The borrower was provided options on the type of hedge and when to execute. The language from the term sheet appears below: Borrower will be required to hedge the floating interest expense by entering into an interest rate swap or interest rate cap (“Hedge”

Management 195

Management National Guidelines Capital 195

American Banker

FEBRUARY 18, 2024

The median interest rate that large credit card issuers charged consumers with good credit in the first half of 2023 was 28.2%, compared with 18.15% at smaller banks and credit unions, according to a study by the Consumer Financial Protection Bureau, which is on a campaign against excessive fees.

Cards 92

Cards Study Compliance Regulation 92

The Paypers

FEBRUARY 18, 2024

Europe-based softPOS provider Softpay has announced that its tap-to-phone solution now supports Dankort wallet payments on iOS, aiming to improve payments in Denmark.

Payments 45

Payments 45

The Paypers

FEBRUARY 18, 2024

Australia-based Summerland Bank has announced its partnership with cloud banking firm nCino to drive efficiency and optimisation through digital development.

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Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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