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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. Bankers should examine warning signs and shore up defenses for existing income-producing CRE loans as part of commercial property loan risk management.

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Amazon Air Expands In A Bid To Better Manage Shipping Logistics

PYMNTS

In a move to better control shipping and logistics, Amazon has been expanding Amazon Air, with 50 new planes and numerous regional hubs, according to a report by CNBC. and this year it’s opening regional hubs in Texas, Ohio, and expanding one in Illinois. The expansion includes a $1.5

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Workday Acquires Contractor & Vendor Management System VNDLY For $510M In Cash

CB Insights

Workday , a provider of human capital management, payroll, and financial management solutions, has acquired VNDLY , a contractor and vendor management system, for $510M in cash. VNDLY: Ohio-based VNDLY helps businesses manage contractors and other external workforce personnel. WHO ARE THE PARTIES TO THE DEAL?

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Scammers Prove Corporate Payments Fraud Comes In All Shapes And Sizes

PYMNTS

percent more financial crimes occur in cities where corporate accounting fraud has been reported , according to a new research report from Ohio State and Indiana University exploring the correlation between corporate fraud and local financially motivated crimes, reports in The Lantern said.

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Sageworks’ speakers tackle tough banking topics

Abrigo

Sageworks banking industry experts are winding down a busy year of disseminating information and facilitating discussions on regulatory changes, such as the FASB’s upcoming move to the current expected credit loss model (CECL), and on best practices for portfolio risk management and credit analysis.

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Bucking the trend, Huntington forecasts higher expenses, eyes growth

American Banker

Other regional banks are vowing to cut costs, but Huntington Bancshares CEO Steve Steinour says the Columbus, Ohio-based lender is well positioned to "play offense" in 2024.

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Huntington Now Offers Real-Time Payments For Consumers, SMBs

PYMNTS

Regional bank holding company Huntington is now using the RTP network, meaning it now has a new real-time payments option to help people get money nearly instantly, according to a press release.

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