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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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Square Capital Distributed 76K PPP Loans Totaling $820M

PYMNTS

Square Capital LLC processed more than $820 million in Small Business Administration (SBA) Paycheck Protection Program (PPP) forgivable loans in six weeks, the firm reported. Last year, Square Capital did $2.3 Of that number, 60 percent of the borrowers had never before received a loan through Square Capital.

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Report: $50B In Cryptocurrency Moved Out Of China

PYMNTS

While Chinese traders are limited to the purchase of up to $50,000 of foreign currency annually, the volume suggests stablecoins could be being used to circumvent the regulation, according to Chainalysis , the New York-based provider of regulatory compliance software.

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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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IBM Puts $2B In NY AI Research Center

PYMNTS

IBM is planning to invest over $2 billion to help establish an “AI Hardware Center” at the SUNY Polytechnic Institute campus in Albany, as well as boost its high-tech footprint throughout New York State. IBM will also expand and extend its partnership with SUNY Poly for the Center for Semiconductor Research (CSR). “AI

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Popular Bank Implements Branch Realignment in the New York Metro Region to Enhance Focus on Communities and Small Business Support

PopularBank

Popular”) (NASDAQ: BPOP), bank holding company of Popular Bank, today announced Popular Bank’s strategic realignment of its New York Metro branch network. This realignment in our New York Metro market is consistent with our small business and retail services model in South Florida,” said Popular, Inc. About Popular, Inc.

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Is Being a ’Regional Bank‘ Now a Reputational Liability?

The Financial Brand

This article Is Being a ’Regional Bank‘ Now a Reputational Liability? How can regionals regain their shine? This article Is Being a ’Regional Bank‘ Now a Reputational Liability? appeared first on The Financial Brand. A few high-profile failures have tarnished the category. appeared first on The Financial Brand.