Bankruptcy Blogs

Big-bank executives: Many businesses don't want to borrow

11/05/19

Top officials at Bank of America and Wells Fargo said that commercial loan demand is weak, even as U.S. consumers show strength. Their comments echo recent findings by the Federal Reserve.

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Schwab set to offer 'a lot more' banking capabilities

11/05/19

After shaking up the financial services industry last month by eliminating commissions for all online trades, Charles Schwab is setting its sights on building out its lending services.

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Washington flexes its muscles on small-business lending

11/05/19

The CFPB, OCC and FDIC are signaling a renewed focus on the sector after regulation of it fell more to the states in recent years.

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After taking a body blow from Sapphire, Amex is reaping the benefits

11/05/19

While American Express initially lost customers after JPMorgan Chase introduced the popular Sapphire Reserve premium card in 2016, the firm said it's seen a 60% increase in growth in Platinum accounts.

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Silicon Valley Bank targets Denmark, where lenders don't need licenses

11/05/19

A California bank with deep ties to the U.S. venture capital industry is targeting Denmark for growth, as a lack of regulatory constraints on lending make the country a preferred destination in Scandinavia.

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What's Wrong with PSLF and How to Fix It

11/05/19

The Public Service Loan Forgiveness program has so far rejected roughly 99,000 out of 100,000 student loan borrower applicants. Poor Education Department oversight, poor contract design and implementation, and widespread servicing contractor failures are as much to blame as problems in the legislative and regulatory program design. Making this program work to provide loan relief for potentially millions of public servants requires a comprehensive set of fixes. US Ed.

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U.S. shadow lenders see loan volume slow, quality decline

11/05/19

The month of October brought some jumbo unitranche loans to the direct lending market. It also brought declines in the quality and terms of broader deals, according to some participants.

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As federal fintech regulatory plans founder, a push for alternatives

11/05/19

Many in the space are seeking the creation of a "flexible" supervisory regime that relies on existing authorities and a hands-off approach from state agencies, but such a plan faces an uphill battle.

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Santander's Botin says distrust of bankers still fuels populism

11/05/19

Banco Santander Chairman Ana Botin said that more than a decade after the financial crisis, bankers and other elites remain distrusted around the world, and "as a result, political populism is ascendant."

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