Bankruptcy Blogs

JPM wins a place in China; banks again warned about replacing Libor

12/19/19

The bank is the first U.S. one approved for a majority-owned securities unit in China; the FSB said banks must get serious about replacing the benchmark.

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Green Dot CEO, a prepaid card pioneer, to step down Dec. 31

12/19/19

Steve Streit is retiring as part of a shakeup in the firm's management ranks. The Pasadena, Calif.-based company that he founded in 1999 has been suffering amid new competition from challenger banks.

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Bank of the West nudges customers to be more eco-friendly

12/18/19

The bank is working with a Swedish fintech to offer a tool that lets account holders track how their spending choices might be contributing to climate change. The tool may never be a big moneymaker, but it could help the San Francisco bank attract customers and recruit employees.

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First Bancshares to enter southern Georgia with acquisition

12/18/19

The Mississippi company will also top $4 billion in assets when it buys Southwest Georgia Financial.

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CNB expanding western New York operations with Bank of Akron deal

12/18/19

The Pennsylvania company will pay $65 million for six branches that will join its Buffalo, N.Y., division.

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Crapo delivers crushing blow to pot banking

12/18/19

The Senate Banking Committee chairman said he opposed a House bill that would give financial institutions legal cover to serve cannabis businesses.

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Truist fights credit union's claims of copyright infringement

12/18/19

The company created by the BB&T-SunTrust merger said that Truliant Federal Credit Union does not own the trademark rights to names beginning with the prefix "tru."

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Citizens & Northern in Pennsylvania lines up another acquisition

12/18/19

The company, which recently bought Monument Bank, has agreed to acquire Covenant Financial.

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Wells Fargo taps investment banker to help repair its image

12/18/19

Charles Peck, the head of public finance, is temporarily joining the leadership of the public affairs team.

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Smaller buyers expected to drive bank M&A in 2020

12/18/19

A dearth of bigger acquirers will likely force more banks with less than $2 billion in assets ⁠to seek out their own deals.

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