U.S. financials, editors' picks now covers articles for U.S. banks, thrifts and financial services companies.
Among this week's editors' picks: a data dispatch on the rise of "problem" assets; a feature on credit unions' ways to find auto loans; and an article on Houlihan Lokey's pending deal with a private equity firm.
US megabanks optimistic about developed economies, emerging markets
Emerging markets continue to modernize, while developed countries are enjoying economic expansions in 2018. Top managers at JPMorgan Chase & Co., Bank of America Corp. and Citigroup Inc. are encouraged by solid economic fundamentals in the U.S. and parts of Europe.
Problem bank assets quadruple as Deutsche reportedly in 'troubled condition'
Recent reports indicate that Deutsche Bank Trust Co. Americas may be the main driver of the increase in "problem" assets, which are at their highest level since June 30, 2015.
Latest push to shrink GE Capital evokes era not long past
Asset sales in some commercial finance businesses and an exit from the problematic insurance business are among the steps General Electric Co. is said to be pursuing. However, the former may be more easily accomplished than the latter.
Credit unions finding auto loans right under their noses
U.S. credit unions continue soliciting their own memberships in an effort to grow auto loans, and they seem to be finding traction. Auto lending penetration stood at 20.6% at the end of the first quarter.
Houlihan Lokey adding private equity services with recent acquisition
Houlihan Lokey Inc. is looking to strengthen its relationships with private equity investors with the acquisition of BearTooth Advisors, a fund placement business. The addition of the BearTooth team will establish Houlihan Lokey's private funds group.
