Bankruptcy Blogs

NCUA announces unplanned board meeting next week

10/23/20

The credit union regulator will meet for a second time this month when the board holds an open meeting on Wednesday.

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Virtual branch concept making inroads in U.S.

10/23/20

Foreign banks for years have been using technology that folds several communication and information-sharing capabilities into one platform. Now Citigroup and others here are showing interest because of the growing importance of digital in the pandemic.

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A Biden win could boost long-stalled efforts to help the unbanked

10/23/20

The Democratic nominee has not gone as far as some progressives in support of financial inclusion, but ideas such as postal banking, a government-run credit reporting system and universal bank accounts would likely gain traction under a Biden administration.

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Wegner Awards paused for 2021

10/23/20

Instead the National Credit Union Foundation will host a virtual event highlighting the industry's philanthropic efforts.

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Amex's recipe for small-business lending: Heavy on the Kabbage

10/23/20

With the COVID-19 pandemic creating unprecedented challenges for small businesses, American Express has increasingly targeted its investments in that niche.

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Hyperion in Philadelphia looks to form holding company

10/23/20

The bank said the move will give it more flexibility for raising capital.

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Wall Street’s Cohn is wrong about community banks

10/23/20

The assertion by former Goldman Sachs executive Gary Cohn that smaller banks won't be viable in a high-tech world overlooks their success in partnering with fintechs, according to the Independent Community Bankers of America.

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Webster discloses plan to cut tenth of annual expenses

10/23/20

The Connecticut company, which began reviewing its operations in January, said the effort gained momentum when the coronavirus pandemic hit.

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Heritage in Washington joins list of banks closing branches

10/23/20

The company will close nine branches over the next three months.

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Citigroup says private-bank chief Charrington is set to depart

10/23/20

Citigroup said Peter Charrington, global head of private banking, will leave to spend more time with family and pursue new opportunities.

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