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commercial banking

Regions Financial in Birmingham, Alabama, has hired three veteran bankers away from U.S. Bancorp to form an equipment finance specialization in technology solutions for business clients. The group, which will work with companies that are investing in digitization, will be led by Jay Cannon, Regions said Thursday. Cannon, who recently joined the $156 billion-asset bank, […]

After taking an initial wait-and-see approach on the new omicron variant of coronavirus, Credit Suisse CS, +3.57%, one of the world’s largest investment banks, now sees a “considerable” risk that the U.S. and large parts of Europe will be unable to avoid “stringent” lockdowns this winter. Credit Suisse’s view is at odds with that of […]

Wintrust Monetary in Rosemont, Illinois, agreed to purchase $570 million of loans from The Allstate Corp. in Chicago. The portfolio is made up of an estimated 1,800 loans to Allstate insurance coverage brokers, who use the credit score to determine and develop their companies. The $48 billion-asset Wintrust stated it additionally agreed to change into […]