Bankruptcy Blogs

Rakuten mounts third attempt for industrial bank charter

01/19/21

After withdrawing two previous bids, the e-commerce company submitted an application to the FDIC outlining a significantly simpler business model for a proposed industrial loan company.

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California's DFPI issues subpoenas to debt collectors

01/19/21

The state agency alleged potential violations of “unlawful, unfair, deceptive or abusive” practices by a dozen companies.

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First Busey to expand around Chicago with acquisition

01/19/21

The Illinois company will pay $191 million for the parent of Glenview State Bank.

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Altabancorp in Utah faces calls to sell from its biggest shareholder

01/19/21

Members of the Gunther family who own nearly a third of the company's stock are urging the board to consider strategic alternatives.

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Western Union stores join MoneyGram under Walmart's roof

01/19/21

The pandemic has made for strange bedfellows. Case in point: Western Union and MoneyGram will soon share Walmart as a landlord.

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FHFA asks for input on GSEs' exposure to climate change

01/19/21

In a request for information, the agency sought feedback on how it should prioritize climate risks as part of its supervision of Fannie Mae, Freddie Mac and the Federal Home Loan Banks.

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Bourse 2021 : des prévisions positives, mais il faut rester prudent

01/19/21

Une des surprises de l’année 2020 est que la bourse a connu des hauts et des bas marqués, qui se sont traduits, au final, par des gains importants. Elle a même battu de nombreux records, plus particulièrement sur les places boursières américaines. Il n’en demeure pas moins qu’en vertu de la crise sanitaire, elle continue […]

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LendingClub-Radius Bank deal clears final regulatory hurdles

01/19/21

LendingClub, poised to be the first U.S. online lender to buy a bank, says the transaction will be completed in early February now that it has received approvals from the Office of the Comptroller of the Currency and the Federal Reserve.

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Yellen’s banking agenda: Confront climate risks, launch AML registry

01/19/21

Former Fed Chair Janet Yellen told senators that as Treasury secretary she would create a “hub” to examine the effects of a changing climate on financial institutions and create a database of companies' true owners as required by a recent anti-money-laundering bill.

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Goldman’s consumer bank will take longer to break even, CEO says

01/19/21

Its Marcus unit continues to invest in new products and business lines, delaying its path to profitability, according to Goldman Sachs CEO David Solomon.

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