Bankruptcy Blogs

Warren, Brown call on GAO to investigate CFPB's fair lending oversight

12/18/19

The two Democrats sent a letter “raising grave concerns about whether the bureau is fulfilling its statutory obligations.”

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Investors Bancorp buys out activist shareholder

12/18/19

The New Jersey company paid $336 million for all stock owned by Blue Harbour Group.

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Why TD Bank wants to read its customers’ moods

12/18/19

It's no longer enough to conduct traditional demographic analysis of customers. TD bank wants to know what is going on with individual consumers at any given moment and respond accordingly.

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U.K. banks to undergo stress tests for climate change

12/18/19

The Bank of England will examine banks' and insurers' exposure to global warming and risks associated with any transition to a lower-carbon economy.

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Fix CRA before cracking down on bank mergers

12/18/19

Sen. Elizabeth Warren’s proposal to subject bank deals to greater public scrutiny should instead be addressed through reforms to the Community Reinvestment Act.

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Six living wills have ‘shortcomings’; PE firms buy stake in Amex unit

12/18/19

Regulators said the living wills of six banks — not Goldman or JPM — need tweaking; the investment values the global business travel unit at $5 billion.

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The devil and the details of CRA reform

12/17/19

Banks and public advocacy groups agree that the Community Reinvestment Act needs to change. But is the latest proposal moving in the right direction?

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Big banks reach $250M settlement in suit alleging GSE bond-price fixing

12/17/19

A dozen of the nation's largest underwriters were accused of colluding with traders to artificially set prices on the secondary market for Fannie Mae and Freddie Mac securities.

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Regulators find 'shortcomings' in living wills of six large banks

12/17/19

The Federal Reserve and Federal Deposit Insurance Corp. found issues with the firms' ability to compile data on how they would be unwound during a period of financial stress.

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Bangor Bancorp to buy Damariscotta Bankshares in merger of Maine mutuals

12/17/19

Bangor will pay $35 million in cash to gain branches in five communities.

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