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New Fears Over China’s Regional Banks As EY Quits

PYMNTS

China’s community banks are raising new fears over the health of the industry after auditor Ernst & Young resigned from its work with regional bank Bank of Jinzhou. Reports said the decision for EY to quit is the latest event to raise concerns over China’s community banking sector.

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Small banks: Big challenges and big opportunities

Abrigo

Meanwhile, leaders at small banks recognize that their institutions play a vital role in helping community businesses and individuals not only weather uncertainty but also thrive. How can community financial institution leaders manage their challenges and seize their opportunities at the same time?

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Expanding credit portfolios: 3 Growing pains

Abrigo

Community banks are expanding their loan portfolios to include more small business loans, according to the most recent Community Bank Performance report by the FDIC. The following include recommended procedures or policies to review if they are already in place, or create if new to the institution.

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Which loan types are fueling bank growth?

Abrigo

Community banks (under $10 billion in assets) and regional banks (between $10 and $50 billion) represent 21 percent and nine percent, respectively. Regional banks had the most diversified portfolios, but community banks generally had higher concentrations in CRE and agriculture loans.

St. Louis 150
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Beyond compliance: Advantages of customer-centric KYC in 2023

Abrigo

Forbes reports that not only do LGBTQ+ members have to work harder to achieve equal levels of financial stability, but standard policies may not accommodate them. When customers have no legally issued ID, alternative know-your-customer policies are indispensable. Miss” and thus alienating nonbinary customers.

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Facebook Faces Billions In Possible GDPR Fines

PYMNTS

Also in Europe, the European financial markets regulator has said that it wants to spend one million euros to promote market stability in the region as pertains to cryptocurrencies and FinTechs. That document focuses on budgets and regulatory efforts across the region. community banks and small business lending.

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4 ways to get more out of your core

Independent Banker

Changing customer banking habits means it’s more important than ever for community banks to use every tool at their disposal. Community banks may have longstanding relationships with their core vendors, but that doesn’t always mean they keep up to date on all the latest features and functionalities.