Andy Peters
American Banker
Decatur, GA, United States
Contact Andy
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Past articles by Andy:
Banks counting on GSE reform to stop mortgage share erosion
While no one is suggesting that the plan will help banks regain the share they've ceded to nonbanks, bankers believe that stabilizing Fannie Mae and Freddie Mac could at least help them keep what they have. → Read More
Banks’ deposit-rate challenge: How low can they go?
CEOs have been telling investors that if the Fed continues to cut interest rates, they will lower rates they are paying on deposits to minimize the hit to net interest margins. The danger is that if they lower rates too quickly or by too much, big depositors could go elsewhere. → Read More
Big banks outpacing the industry in deposit growth
The FDIC's latest report on deposit market share shows the nation's seven biggest banks flexing their muscles, while smaller banks' market share gets smaller. → Read More
U.S. Bancorp latest bank to lower profit forecast
Expectations of more rate-cutting and slower GDP growth led the Minneapolis company to scale back its net income and revenue projections through 2022. → Read More
PNC not interested in bank acquisitions, CEO says
The Pittsburgh company is sticking with its plan to grow though expanded lending and branch openings in new markets, William Demchak told investors and analysts Wednesday. → Read More
Could Fed rate cut be undermining business confidence?
It hasn't stimulated loan demand in ways banks hoped it might, and some CEOs fear future rate cuts might cause companies to hunker down. → Read More
Why M&T says it can withstand lower interest rates
M&T has skillfully used hedges, maintained an appropriate loan mix and resisted offering market-leading deposit rates, its chief financial officer said at a financial services conference. → Read More
Next up for BB&T-SunTrust: Deciding where to unload branches
The banks, which plan to merge as Truist Financial, are expected soon to start selling hundreds of branches in the Southeast to satisfy antitrust concerns and increase efficiency. → Read More
JPMorgan's contrarian move: Stockpiling securities
The bank started buying more Treasurys and mortgage-backeds over a year ago, long before talk about rate cuts. What did it know that its rivals didn't? → Read More
Skip Hove, former FDIC acting chairman and Nebraska banker, dies at 84
Hove, who spent 11 years on the Federal Deposit Insurance Corp. board, was the agency's acting chairman three different times during the 1990s. He held several jobs in banking, including chairman and CEO of Minden Exchange Bank & Trust, which had been led by his father. → Read More
Capital One to buy tech-focused investment bank
Capital One agreed to buy KippsDeSanto, a Northern Virginia company that specializes in advice to the defense and government contracting sectors. → Read More
Lower securities yields could squeeze banks' 3Q profit, report says
M&T Bank, Zions and Comerica are among the regional banks facing the most pressure on net interest margins, Wells Fargo analysts said in a research note to investors. → Read More
Bankers welcome rush of refis, but it's no cure-all
With long-term interest rates at historic lows, mortgage refinancing is coming on strong. But that additional revenue may not be enough to offset net interest margin pressures and lost servicing income. → Read More
Pressure's on regionals to boost fee income
Margin expansion may grind to a halt if the Fed holds rates steady or cuts them further. The problem is regionals tend to lack the side businesses that the big banks possess to offset lending slumps. → Read More
Regulators may end CRA credit for loans to wealthy: OCC’s Otting
Banks currently can help their CRA performance with mortgages to anyone in a distressed neighborhood, but Joseph Otting said officials crafting a reform plan are considering limiting that to lower-income borrowers. → Read More
What to make of banks’ growing exposure to leveraged loans
Fresh data from the Fed, FDIC and Bank of England shows that, directly or indirectly, banks are taking on more leveraged loans. But whether this puts their loan and securities portfolios at risk remains open for debate. → Read More
Bank stocks take big hit as trade war fears escalate
China's decision to stop buying U.S. soybeans and let its currency depreciate raised the prospect of further interest rate cuts. That hurt banks slightly more than the rest of the market on what was a bad day for all equities. → Read More
Will New York's new rental laws suppress multifamily lending?
Bankers are downplaying such concerns, but others say a sharp decline in values on rent-regulated buildings means landlords will have less cash flow to acquire new properties → Read More
Truist out to prove it can best the megabanks in tech
To combat the notion that regional banks’ tech offerings are inferior, the combined BB&T-SunTrust will have to go “toe-to-toe” with big banks, BB&T chief Kelly King said ahead of shareholder approval of the deal Tuesday. → Read More
Higher deposit costs hold profits in check at Northern Trust
Second-quarter earnings at the Chicago custody bank were flat as increased interest costs offset better yields and fee income held steady. → Read More