Bankruptcy Blogs

Bremer Financial in Minnesota files lawsuit to thwart takeover attempt

11/25/19

The company claims that its biggest investors is taking steps to seize control, oust the board and find a buyer.

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No room for error with deposit pricing

11/25/19

Banks need to more actively manage margins — including the use of new modeling technology — in the current low-interest-rate environment.

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Iowa credit union to enter Illinois through bank acquisition

11/25/19

Collins Community Credit Union has agreed to buy First Savanna Savings Bank.

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Schwab, TD Ameritrade deal announced; Fannie, Freddie guarantees debated

11/25/19

The $26 billion all-stock deal has the OK of the boards from both companies; the administration says it will move on privatization without federal backing.

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'There's going to be room for both systems'

11/25/19

In a sit-down interview, Cleveland Fed President Loretta Mester discusses how the FedNow real-time payment system will work alongside a big-bank one.

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FedNow is necessary, Fed digital currency is not: Mester

11/24/19

The Cleveland Fed president dismissed concerns about the central bank's faster payments system competing with The Clearing House's network, while saying that a national digital currency is less of a necessity in the U.S. than in other countries.

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Join the family bank? Nah, I'll start a fintech

11/24/19

George Cook could have joined Somerset Trust, where his father is CEO. Instead, he founded Honeycomb Credit, a crowdfunding platform that competes with banks.

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Real Estate Agent Convicted of Concealing Accounts, Wire Transfers and Automobiles

11/23/19

Arvel "Ray" Henderson II, a real estate agent, was convicted this week of theft of public money, concealment of assets, and bankruptcy fraud in the Northern District of Ohio.  Henderson was registered as a Section 8 landlord with the Lucas County Metropolitan Housing Authority and received rents from the LCMHA in connection with certain properties.  He transferred one of the properties but continued to receive rents to which he was not entitled for three years, defrauding LCMHA of approximately $22,589.

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Meta Financial to sell branches in Iowa, South Dakota to Central Bank

11/22/19

The company also disposed of a large agricultural loan that was nonperforming.

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