Bankruptcy Blogs

Daniel Schwarcz on the Evolution of Insurance Contracts

02/07/20

I shudder even as I write these words, but I’m increasingly fascinated by insurance contracts.  If you are interested in the processes by which standard form contracts evolve – which I am -- then you can’t help but be sucked into this world. Coming from the world of sovereign bonds, the insurance world strikes as bizarre.

[more]

Ally joins effort to help 'stuck and overwhelmed' consumers save

02/07/20

The digital-only bank found customers are anxious about their inability to set aside money, so it decided to offer automated savings tools, consumer chief Diane Morais says. It is one of the larger companies to do so.

[more]

M&T snags JPM exec, banking deserts, goodbye legacy cores: Top stories of the week

02/07/20

M&T hires Aarthi Murali away from JPMorgan Chase as its customer experience chief; when a small town loses its only bank; why more banks are ditching their legacy core vendors; and more from this week’s most-read stories.

[more]

California bank bets on two new markets to reverse lending slump

02/07/20

Sierra Bancorp in Porterville has formed dedicated lending teams in Sacramento and Greater Los Angeles in its bid to accelerate loan growth following a sluggish 2019.

[more]

California governor to fintechs: Forget Utah. Be an ILC here.

02/07/20

Gavin Newsom's proposal to create a consumer watchdog modeled after the CFPB includes a provision that would make it easier for upstart financial firms to obtain industrial loan charters.

[more]

SB Financial entering new Ohio market with Edon Bancorp deal

02/07/20

The company will pay $15.5 million in cash for a bank with one branch and a large amount of low-cost deposits.

[more]

Citi puts virtual agents to the test in commercial call centers

02/07/20

Yes, bots are taking the routine calls from business cardholders, but make no mistake — these are demanding clients from around the world who phone in from loud airports, on bad connections and speak with heavy accents.

[more]

Big mortgage lenders are flirting with disaster

02/07/20

Banks' lowering of origination fees and loosening of underwriting standards often foreshadow a downturn.

[more]

Credit Suisse CEO leaves; Fannie, Freddie to buy SOFR mortgages

02/07/20

Tidjane Thiam submits his resignation; the two agencies said they will soon start accepting mortgages tied to the new rate and drop Libor by yearend.

[more]

Activist investor to join Bankwell's board

02/06/20

The Connecticut company will appoint Lawrence Seidman to become a director at its next annual meeting.

[more]