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Delinquencies on commercial mortgage-backed securities dropped 6 basis points from August to September to nearly 4.5 percent for all property types, according Fitch Ratings, National Real Estate Investor reported. Year-over-year, the CMBS delinquency rate for all properties …
Wells Fargo & Co. reported net income of $5.8 billion, or $1.05 per share, for the third quarter, compared with $5.7 billion, or $1.02 per share, for the third quarter of 2014. Total average loans …
Generation X is likely to be worse off in retirement than the baby-boomer generation. Generation X could be the first post-war generation to be more ill-prepared for retirement than the previous one, according to a …
U.S. Bank issued $776 million in U.S. Small Business Administration-backed loans through the federal fiscal year that ended Sept. 30, according to a release. The bank was the third-largest lender by volume during the period, …
As part of its plan to focus on manufacturing, General Electric Co. said it will sell commercial lending and leasing businesses worth more than $30 billion to Wells Fargo & Co., Reuters reported. Overall, General Electric is …
The Wall Street Journal: Under pressure to reduce the number of women dropping out of the banking industry, some of the biggest firms in the U.S. finance industry are going on the offensive. Recognizing they can’t …
The interactive teller machine is getting some love at banks and credit unions across the state. The Corridor Business Journal, citing KCRG-TV9, reported that MidWestOne Bank has installed one at a branch in Iowa City. PSB Bank …
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