Bankruptcy Blogs

Challenges to banks’ use of arbitration a sign of gender fights to come

03/02/20

Wells Fargo and JPMorgan Chase recently avoided shareholder votes tied to their use of arbitration clauses in sexual harassment cases. But socially conscious investors say the issue is likely to flare up again elsewhere and that banks would do well to address a wide range of gender equity matters head on.

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How bank regulators could mitigate coronavirus fallout

03/02/20

Policymakers could recommend banks establish backup facilities and the Federal Reserve could stand ready with emergency loans to limit economic shock waves.

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Bankers see payments firms as fintech enemy No. 1

03/02/20

Banks, especially smaller ones, are more worried about the competitive inroads that Apple Pay, Venmo and others have made than they are about tech companies' incursions into other financial segments, according to a new survey by Promontory Financial.

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Will CFPB be reined in? Chief Justice Roberts may hold the key.

03/02/20

John Roberts could play a familiar role as the swing vote in determining whether the Supreme Court curbs the consumer bureau’s power.

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Citigroup, Morgan Stanley expand travel curbs in virus response

03/02/20

Citigroup and Morgan Stanley told employees not to travel internationally for nonessential business, expanding earlier restrictions in Wall Street's latest responses to the spread of the coronavirus.

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Bitcoin doesn’t launder money, Mr. Mnuchin. Money launderers do.

03/02/20

The Treasury secretary’s recent Senate testimony coming down on cryptocurrencies is misguided. Regulations should require building better blockchain technology at the banks.

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Warren vows to hold Wall Street accountable for climate crisis

03/02/20

Democratic presidential candidate Elizabeth Warren said she would hold Wall Street banks, asset managers and insurance companies accountable for their contributions to climate change.

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Mastercard discloses pay gap: Women make 92.2% of men's salary

03/02/20

Mastercard disclosed its gender pay gap for the first time on Monday, saying that its female employees worldwide make 7.8% less than the men. The company said it is working toward parity.

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Nicolet quickly announces another Wisconsin acquisition

03/02/20

The company agreed to buy Advantage Community Bancshares weeks after announcing a deal for Commerce Financial.

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CFPB case hearing ahead; Amex accused of aggressive sign-up tactics

03/02/20

The Supreme Court will hear arguments on the agency’s structure; the company, desperate after losing Costco’s business, allegedly pressured and misled applicants.

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