The Alternative Reference Rates Committee today issued its fallback language recommendations for floating rate notes and syndicated business loans that reference the U.S. dollar London Interbank Offer Rate.
On the latest episode of the ABA Banking Journal Podcast, United Bankshares President Rick Adams talks about United Bank’s experience with M&A and offers tips on providing quick and candid communication in the merger process.
The Alternative Reference Rates Committee today issued “A User’s Guide to SOFR,” a handbook to help market participants understand the Secured Overnight Financing Rate, its preferred alternative to the London Interbank Offered Rate, and how it can be used in cash products.
About 57 percent of banks’ commercial credit renewals for terms of three years or longer are being rolled over at existing prices rather than being repriced.
Many banks have developed tailored industry verticals to channel banker expertise toward business growth.
Read more about the 2018 Small Business Credit Survey.
Like it or not, medical banking is here and growing where other features of banking are simply stagnant.
Small businesses’ profitability and their success applying for financing held steady from 2017 to 2018, according to the latest Small Business Credit Survey—a joint effort by the 12 regional Federal Reserve Banks—released today.
With Libor’s future uncertain, here are some steps for assessing risk, amending contracts and selecting new rates.
Live Oak Bank’s Chip Mahan is looking to a banking future that’s rooted in personal touch and technological efficiency.