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TAB Bank Expands With $46M Acquisition Deal For BAMFi’s Capital Division 

PYMNTS

As part of the acquisition, BAM’s office in Dallas, Texas will be retained by TAB Bank , including both operations and staff. BAMFi , a software provider for the secured lending space, will still own its proprietary solution FactorCloud. It will now focus solely on its cloud-based secured lending software solution.

Capital 130
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Why Digital Lenders Are Tightening Their Lending Criteria

PYMNTS

In the early days of online lending, the big appeal was access to funds for potential borrowers with few, if any, options for securing capital. They all had a pretty tough time and took losses a lot more than expected,” said Henry Song, a portfolio manager at Diamond Hill Capital Management Inc. The Coming Risk Assessment Reset.

Lending 116
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Banks, Shadow Lenders Risk ‘Race To The Bottom’ In Corporate Bond Market

PYMNTS

Reports in Bloomberg on Thursday (July 12) said the junk bonds and leveraged loans market is worth $2.3 trillion, and competition is rising as regulators slowly ease restrictions on banks’ corporate lending practices. leveraged loans in 2018, compared with 70 percent in 2013.

Marketing 100
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5 New Year’s Resolutions For Any Sized Bank That You Must Get Right in 2023

South State Correspondent

While the current growth rate needs to be left to each bank based on their capital cost, market, and risk tolerance, the general guide is that growth should be in the 3% to 5% range for this year. When offering a higher money market or CD rate, the direct damage done to cost of funds is often the least of a bank’s worries.

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Lord & Taylor Joins Retail Bankruptcy Watch

PYMNTS

According to the Dallas Business Journal , JCPenney had a turnaround plan before the pandemic hit. They are too big to qualify for the Main Street lending program aimed at companies with fewer than 10,000 employees or $2.5 Speculation now moves to JCPenney, which was struggling before the coronavirus pandemic hit. billion in sales.

Retail 220
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How Auto Sales Are Driving New Retail Trends

PYMNTS

The ways people search for and purchase a vehicle continue to change,” said Tom Lazenby, auto lending manager for Regions Bank. and Carvana has next-day delivery in 146 markets. Every aspect of the process can be done from a computer, phone or tablet. There are car vending machines in 21 cities in the U.S.,

Trends 134
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15 Minutes With … Jimmy Rasmussen

Independent Banker

IB: You were recently reelected to serve a second term on the Federal Reserve Bank of Dallas board of directors. I do my best to be their voice at our Dallas meetings. IB: What kinds of insights do you provide as a director to the Dallas Fed? IB: What kinds of insights do you provide as a director to the Dallas Fed?

Dallas 131