Bankruptcy Blogs

Inside Goldman Sachs' big plans in digital consumer banking

01/29/20

The Wall Street bank aims to double consumer deposits and triple outstanding consumer loans in five years. A checking account is slated for 2021, and more cobranded credit cards could be coming.

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The "Necessity" Defense in Sovereign Debt Cases

01/29/20

My international debt class this week discussed the US Supreme Court’s gold clause decisions from 1935; and, in particular, US v. Perry. This is one of my favorite topics, in part because the events that occurred are so surprising to most students (as they were to me).

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OCC’s Otting, House Democrats spar over CRA reform

01/29/20

Most stakeholders agree that the Community Reinvestment Act needs to be updated, but a congressional hearing featuring the regulator leading the overhaul effort showed just how contentious the process has become.

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New Santander Consumer chief: Fiat partnership is still main focus

01/29/20

Loans made for Fiat Chrysler represented the largest chunk of Santander Consumer's lending in the fourth quarter, and Mahesh Aditya said their relationship is his top priority.

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Comerica promotes insider to oversee retail banking

01/29/20

Cassandra McKinney's promotion to executive vice president of the retail bank is the latest executive move by Curt Farmer, who became the Dallas company's CEO in April.

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House panel to discuss 'rent-a-bank' concerns in two February hearings

01/29/20

The Financial Services Committee will also hold hearings next month on monetary policy, the CFPB and "astroturfing" worries, among other things.

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Gen Z is racking up card debt after era of tightwad millennials

01/29/20

A generation of Americans who were entering adolescence when the financial crisis struck is showing little fear of debt.

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JPMorgan to slash hundreds of jobs across its consumer unit

01/29/20

JPMorgan Chase plans to dismiss several hundred workers from its consumer unit as the lender seeks to rein in costs, according to people briefed on the matter.

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Where’s crypto’s watchdog?

01/29/20

Criminals are filling the void left by lax U.S. regulation of cryptocurrencies.

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U.K. overdraft plans draw scrutiny; Deutsche to delay pay raises

01/29/20

The country’s banks plan to raise overdraft rates to 40%, which has regulator watching; starting this year pay increases won’t be retroactive to Jan. 1.

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