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Wells Axes 200+ Staffers From US Lending Units

PYMNTS

lending division in recent months, with a focus on its agriculture and energy teams, Reuters reported. The company’s agricultural lending division, which gives loans to farmers, was cut by at least 25 percent, while the bank also laid off about 7 percent of the staff from its energy lending group over the summer. billion, or 15.3

Lending 103
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More Than 200 Bankers Let Go At Wells Fargo

PYMNTS

lending division in recent months, with a focus on its agriculture and energy teams, Reuters reported. The company’s agricultural lending division, which gives loans to farmers, was cut by at least 25 percent, while the bank also laid off about 7 percent of the staff from its energy lending group over the summer. billion, or 15.3

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The top-performing community banks of 2021

Independent Banker

Wyoming Bank & Trust. In order to compete as a small bank, we have been forced to keep higher-than-peer capital levels, so that our lending limit allows us to service local borrowers’ needs. First Western Federal Savings Bank. Rapid City. Bank of Montana. First Bank of Ohio. Ultima Bank Minnesota. The First State Bank. Elmore City.

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Cryptocurrency risks, rewards and red flags for financial institutions

Abrigo

Takeaway 2 While these financial products are appealing, the lack of stability and consumer protections surrounding them are a concern for the FDIC. ? . Takeaway 3 Financial institutions should notify the FDIC of crypto-related activity and be familiar with the risks of the cryptocurrency world. . Crypto turbulence.