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CRE risk management: Navigating hazards and opportunities

Abrigo

Stress testing, monitoring are essential Financial institutions should challenge assumptions about CRE risk while also watching for red flags as they manage the CRE portfolio. WATCH Takeaway 1 Banks and credit unions are critical sources of capital for businesses in their communities, so how institutions assess CRE credits matters.

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New York Community: Growing pains, strategy miss, or both?

American Banker

A day after the regional bank's stock tumbled on tough fourth-quarter results and some austerity moves, observers debated whether management just needs time to build enough capital to catch up with growth or if it is still too overexposed in multifamily lending.

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Citi Changes Its TTS Management Team

PYMNTS

Citi has named Stephen Randall as the TTS global head of liquidity management services in the London office, the company has announced. Most recently, he was the head of regional treasury. Previously, he served as head of global liquidity oversight and analytics based in New York. He succeeds Mark Smith in the role.

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London FinTech Curve Notches $95 Million Series C For US Expansion

PYMNTS

London-based FinTech startup Curve has raised $95 million in Series C funding led by IDC Ventures, Fuel Venture Capital, and the investment division of Vulcan Capital, launched from the estate of Microsoft co-founder and philanthropist Paul G. Curve opened last year in Brooklyn, New York, will be the U.S. headquarters.

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Investor Group, Including Amazon, Buys Disney’s $3.47B Stake In YES Network

PYMNTS

Additional equity investors include RedBird Capital, funds managed by Blackstone’s Tactical Opportunities business, and Mubadala Capital. Randy Levine, president of the New York Yankees, added: “Throughout its nearly two-decades on-air, the YES Network has set the gold standard for regional sports coverage.

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Payroll Cards Find Opportunity In Corporates’ Digitization Push

PYMNTS

With the pandemic nudging businesses further into the digital payments realm, commercial card innovation is heating up to capitalize on the opportunity for adoption. ” Capital On Tap Enables Receipt Bank Card. Capital on Tap wields the commercial card to connect small and medium-sized businesses (SMBs) to financing.

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Visa Taps Chris Newkirk To Serve As Chief Strategy Officer

PYMNTS

To lead strategic planning for the firm overall and in conjunction with its regional teams, Chris Newkirk is coming to Visa Inc. as its new chief strategy officer. He will bring some incredible experience and new insights as we continue to deliver on Visa’s strategy, build stronger client relationships and grow our business.”.

Strategy 131