Bankruptcy Blogs

Former KeyCorp CEO Henry Meyer dies at 70

02/14/20

Meyer was credited with guiding the Cleveland company through the financial crisis and returning it to profitability. He died this week at his home in Florida.

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Three executive defections, one angry investor at New York bank

02/14/20

Hanover Bancorp is facing a proxy battle after its CFO and two other bankers bolted to a rival.

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Senate Republicans target banks refusing services to ICE contractors

02/14/20

Five Republican senators want to cut off deposit insurance for banks that have stopped offering financial services to firms that operate detention facilities and private prisons on behalf of the federal government.

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Banks need to do more than just complain about credit unions

02/14/20

The entire banking industry needs to join the fight instead of waiting for Congress to act.

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Fulton in Pa. revises 4Q profit after commercial loan becomes uncollectable

02/14/20

A large charge-off and additional loan-loss provision reduced quarterly profit by 12%, to $47.8 million.

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Pressure grows on Barclays CEO; JPM tightens rules on working with fintechs

02/14/20

For the second time in four years regulators are investigating Jes Staley; fintechs have until July 30 to sign agreements on how they access customer data.

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Ponzi Scheme Operator Sentenced Following Guilty Plea to Bankruptcy Fraud

02/13/20

The operator of a sophisticated work-at-home email scheme was sentenced in U.S.

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The big squeeze: Banks pushed to hike pay at inopportune time

02/13/20

The tight labor market and public pressure to raise minimum wages are expected to nudge noninterest expenses upward in a year when the watchword is cost control.

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Senators alarmed by study linking loan rates to college choice

02/13/20

Elizabeth Warren, Sherrod Brown and three other Democrats asked nonbank lenders to ensure they comply with fair lending laws following a report suggesting they charge higher rates to those who have attended historically black or predominantly Hispanic colleges.

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L.A. bank, big investor clash over approaches to serving underbanked

02/13/20

Broadway Financial prefers a small balance sheet and loans to real estate investors that offer affordable housing. Capital Corps and its founder, Steven Sugarman, want the bank to expand by making more loans directly to low- and moderate-income borrowers.

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