Bankruptcy Blogs

Moven teams up with Saudi firm in cross-border fintech experiment

03/13/20

The U.S. challenger bank and the startup STC Pay aim to create a special blend of banking services for millions of tech-savvy, cash-averse consumers in Saudi Arabia.

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Massachusetts mutual taps insider as its next chief

03/13/20

Jonathan Dowst will become president in July and CEO a year later.

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Virus is Dodd-Frank's first real test

03/13/20

If banks are unable to weather the economic fallout from the outbreak, calls for more dramatic reforms could get louder.

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Fed again moves to calm markets; Dimon out of hospital

03/13/20

The central bank will inject $1.5 trillion into the money market, including buying more longer-term bonds; JPMorgan says its CEO “is doing very well” as he recovers from heart surgery.

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How banks are helping customers withstand coronavirus shock

03/12/20

No-interest loans and overdraft forgiveness are among the lifelines banks are offering to consumers and small businesses whose livelihoods are being upended by the economic fallout.

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After Bankruptcy, OneMain Offers Car Reaffirmation Negotiation

03/12/20

In the last few months, OneMain has been contacting me about reaffirmation negotiation on car loans. That took me by surprise. With the exception of Ford Credit, I’ve been strongly opposed to reaffirming cars.  Usually you can keep the car without reaffirming. and then give it back when your credit improves. I explain more about […]

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Former FDIC chairman, banking veteran launch bank consulting firm

03/12/20

William Isaac and Howard Milstein plan to provide advice to U.S. and foreign banks of all sizes.

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SoFi hires exec from Amazon to lead deposit, card businesses

03/12/20

The addition of Maria Renz shows how much emphasis the San Francisco fintech is putting on operations and customer experience.

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Santander names Habis head of consumer, business banking

03/12/20

Habis, who joins the bank from MUFG Union Bank, will replace Michael Cleary, who left Santander last fall and recently joined Wells Fargo.

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Senator urges banks to stop stock buybacks during coronavirus outbreak

03/12/20

Sen. Sherrod Brown of Ohio, the top Democrat on the Banking Committee, said financial institutions "need to be investing in their communities right now, not investing in their CEOs’ stock portfolios.”

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